Reuters: Global Markets: KIT Digital chairman resigns, shares fall

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KIT Digital chairman resigns, shares fall Apr 16th 2012, 21:36 Mon Apr 16, 2012 5:36pm EDT (Reuters) - KIT Digital's (KITD.O) Chairman Kaleil Isaza Tuzman resigned, less than a month after four directors of the video management software company left. Tuzman had taken up the job about a month ago, after he had stepped down as the chief executive of the company. KIT Digital had announced a management rejig on March 23 that saw the departure of four directors and the appointment of an interim CEO. KIT Digital shares fell as much as 7 percent after the bell. They had closed at $7.14 on Monday on the Nasdaq.

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