Hanger, Austin, Texas, announced that it was notified by the New York Stock Exchange (NYSE) that the company’s plan to regain compliance with the NYSE’s continued listing requirements was accepted.
On March 18, Hanger received notice from the NYSE indicating that the company does not satisfy the NYSE’s continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Hanger submitted a plan of compliance to the NYSE on September 9, and on September 18, the NYSE notified the company that its compliance plan was accepted and that Hanger was granted an extension until March 19, 2016, to regain compliance with the NYSE’s continued listing standards. Hanger said it will be subject to reassessment by the NYSE during the extension period. Failure to make progress consistent with the plan could result in accelerated trading suspension prior to March 19, 2016, and if the company does not complete its late filings by March 19, 2016, the NYSE will move forward with the initiation of suspension and delisting procedures.