FTD Companies, Inc. Receives NASDAQ Notification of Non-Compliance Related to Delayed Filing of Quarterly Report on Form 10-...
21 Mai 2019 - 10:05PM
FTD Companies, Inc. (Nasdaq: FTD) (“FTD” or the “Company”), a
premier floral and gifting company, announced today that, as
expected, it received a standard notification letter dated May 17,
2019 from Nasdaq stating that, as a result of not having timely
filed its quarterly report on Form 10-Q for the period ended March
31, 2019, the Company no longer complies with Nasdaq Listing Rule
5250(c)(1), which requires timely filing of periodic financial
reports with the Securities and Exchange Commission.
This notice has no immediate effect on the listing of FTD’s
common stock on the Nasdaq Global Select Market. Under Nasdaq’s
listing rules, the Company has 60 calendar days from the date of
the notice to submit a plan to regain compliance. If the plan is
accepted by Nasdaq, the Company can be granted up to 180 calendar
days from the Form 10-Q’s due date (as extended by Rule 12b-25
under the Securities Exchange Act of 1934), or until November 11,
2019, to regain compliance. The Company expects to file its Form
10-Q within the 60 calendar day period.
About FTD Companies, Inc.
FTD Companies, Inc. is a premier floral and gifting company.
Through our diversified family of brands, we provide floral,
specialty foods, gifts, and related products to consumers primarily
in the United States and the United Kingdom. We also provide floral
products and services to retail florists and other retail locations
throughout these same geographies. FTD has been delivering flowers
since 1910, and the highly-recognized FTD® and Interflora® brands
are supported by the iconic Mercury Man® logo, which is displayed
in over 30,000 floral shops in more than 125 countries. In addition
to FTD and Interflora, our diversified portfolio of brands includes
the following trademarks: ProFlowers®, Shari’s Berries®, Personal
Creations®, Flying Flowers®, Gifts.com™, and ProPlants®. FTD
Companies, Inc. is headquartered in Downers Grove, Ill. For more
information, please visit www.ftdcompanies.com.
Cautionary Information Regarding Forward-Looking
Statements
This release contains certain forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, as amended. Statements
containing words such as “may,” “believe,” “anticipate,” “expect,”
“intend,” “plan,” “project,” “projections,” “business outlook,”
“estimate,” or similar expressions constitute forward-looking
statements. These forward-looking statements include, but are not
limited to, statements regarding our beliefs and expectations
relating to the filing of the Form 10-Q and compliance with
Nasdaq’s listing rules. Potential factors that could affect these
forward-looking statements include, among others, the Company’s
ability to complete the work required to file its Form 10-Q within
the prescribed period and the other factors disclosed in the
Company’s most recent Annual Report on Form 10-K and the Company’s
other filings with the Securities and Exchange Commission
(www.sec.gov), as updated from time to time in our subsequent
filings with the SEC, including, without limitation, information
under the captions “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and “Risk Factors.”
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect the Company’s analysis
only as of the date hereof. Such forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties that may cause actual performance and results to
differ materially from those predicted. Except as required by law,
we undertake no obligation to publicly release the results of any
revision to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Contacts
Investor Relations:Katie
Turner646-277-1228ir@ftdi.com
FTD Companies, Inc. (NASDAQ:FTD)
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