On Jun 10, 2016, FTSE Russell announced the preliminary rebalance of their indexes. This announcement included additions and deletions from the Russell MicroCap Index.
The preliminary rebalance is the first step of the Russell Indexes' annual reconstitution. Russell rebalances all of their indexes once a year to "keep the indexes’ representation of the markets or market segments reflective of new market information".
For example, when a company grows too large for the MicroCap Index, or fails to meet the minimum index criteria, it will be removed. Likewise, if a company grows (or shrinks) to meet the MicroCap Index's criteria it will be added.
The preliminary rebalance of all indexes will be adjusted on June 17 and 24th before the new indexes take effect on June 24th.
You can see the full list of preliminary Russell MicroCap Index additions and deletions HERE.
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