This Week
  • The new Golisano Children's Hospital will be dedicated next week.

  • Citizens Bank leader outlines plans in visit.

  • The last six years have brought quite a transformation to Mirror Show Management.

  • For Christopher Thorpe of Darien Lake Theme & Water Park Resort, work is about having fun.

  • Local banks are getting ready to migrate to the global standard for secure payments.

  • Aprille Byam launched StoryChick to help people begin conversations.

NYSE accepts IEC plan to meet listing requirements

Rochester Business Journal
June 17, 2013

IEC Electronics Corp. said Monday the New York Stock Exchange has accepted the company’s plan to regain compliance with the continued listing requirements of the exchange.

On May 20, IEC received notice it did not satisfy continued listing requirements because of its failure to file timely its quarterly report for the quarter ended March 29.

IEC did file preliminary estimated second-quarter financial results May 20, but said it had not been able to finalize the results due to the need to restate its fiscal 2012 numbers.

IEC submitted a plan of compliance to NYSE on May 31.

Last week, the exchange said it would grant the company’s request for an extension until Aug. 15 to regain compliance.

IEC will be subject to periodic review by NYSE staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the company being delisted.

Shares of IEC (NYSE MKT: IEC) were trading midday at $3.33, up 1 percent from Friday’s close of $3.30.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google