Guy J. Quigley, chairman, president and CEO of Quigley Corp., who founded the maker of the Cold-Eeze line of cold remedies 20 years ago, resigned Friday afternoon.
The Doylestown company was the subject of a proxy battle this spring led by New York investor Ted Karkus. His dissident slate of seven directors won a majority of the votes cast at the May 20 annual meeting.
Quigley's chief operating officer, Charles A. Phillips, and accounting operations manager, Wendy D. Quigley, also resigned.
Word of the resignations came after the stock market had closed. Shares closed at $4.26, up 26 cents, or 6.5 percent.
Here's a link to Quigley Corp.'s press release.