OmniVision Technologies ( OVTI) Company Profile: OmniVision Technologies designs, develops and markets semiconductor image-sensor devices. Its main product is image-sensing devices CameraChip. Current Share Price: $33.35 (March 29) Listing Violation: Board independence and audit committee composition. The board of directors must comprise a majority of independent directors and that the audit committee must consist of at least three members, each of whom must be independent. Received Nasdaq Notice: March 21 Management's Expected Action: Andrew Wang, one of OmniVision's independent directors, retired and resigned effective as of Feb. 24. OmniVision said it is currently conducting a search for a qualified candidate to fill the vacancy left on its board and expects that it will regain compliance with Nasdaq listing requirements within the cure period provided.