Hanger, Austin, Texas, announced that, as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, it has received a notice from the New York Stock Exchange (NYSE) that it is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria. Hanger said it is also still working to complete and file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, as well as to prepare restated financial statements and amended periodic reports for certain other prior periods.
Hanger has been informed that under the NYSE’s rules, it will have until September 17, to file its Form 10-K with the U.S. Security and Exchange Commission (SEC). The company said it can, and intends to, regain compliance with the NYSE listing standards prior to such date. If Hanger fails to file the Form 10-K prior to the NYSE’s compliance deadline, then the NYSE may grant, at its discretion and upon review of the circumstances, up to a six-month extension for the company to regain compliance. The letter from the NYSE also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.
Hanger said that the NYSE notice has no immediate effect on the listing of the company’s common stock and it continues to be listed on the NYSE. The NYSE previously assigned the company’s symbol an “LF” indicator to signify the company’s late filing status when Hanger did not timely file its Form 10-Q for the quarter ended September 30, 2014.
