Nobility Homes, Inc. Receives NASDAQ Notice of Non-Compliance
February 17 2012 - 3:48PM
Nobility Homes, Inc. (Nasdaq:NOBH) announced today that on February
10, 2012, the Company received a letter from The NASDAQ Stock
Market stating that the Company is not in compliance with NASDAQ
Listing Rule 5250(c)(1) because the Company did not timely file its
Annual Report on Form 10-K for the period ended November 5, 2011
(the "Form 10-K") with the Securities and Exchange Commission (the
"SEC"). The notification of non-compliance has no immediate effect
on the listing or trading of the Company's common stock on the
NASDAQ Global Market.
NASDAQ had previously granted the Company an exception until
February 29, 2012 to file its Form 10-Q for the period ended August
6, 2011. The Company has submitted an update on February 17, 2012
to its previously submitted plan to regain compliance. If NASDAQ
accepts the Company's updated plan, NASDAQ can extend the
previously granted exemption to March 19, 2012 to regain
compliance.
Forward-Looking Statements
Certain statements contained in this press release may be deemed
to be forward-looking under federal securities laws, and the
Company intends that such forward-looking statements be subject to
the safe harbor created thereby. Such forward-looking statements
include, but are not limited to statements regarding the Company's
ability to file the Form 10-K within the deadline provided by The
NASDAQ Stock Market. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained herein. Although the Company believes that the
expectations reflected in such forward-looking statements are based
on reasonable assumptions, there are risks and uncertainties that
may cause actual results to differ materially from
expectations.
CONTACT: John Cramer
john@nobilityhomes.com
Nobility Homes (NASDAQ:NOBH)
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