Iteris’ plan of compliance letter accepted by NYSE

The New York Stock Exchange has accepted Iteris’ plan of compliance and granted an extension until 15 October 2014 to regain compliance. Iteris previously announced that it had received a letter from the Exchange indicating that the Exchange has determined that the company was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the company’s inability to file its Annual Report on Form 10-K for the year ended 31 March 2014 with the SEC by the requisite deadline. The company
August 15, 2014 Read time: 2 mins

The New York Stock Exchange has accepted 73 Iteris’ plan of compliance and granted an extension until 15 October 2014 to regain compliance. Iteris previously announced that it had received a letter from the Exchange indicating that the Exchange has determined that the company was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the company’s inability to file its Annual Report on Form 10-K for the year ended 31 March 2014 with the SEC by the requisite deadline.

The company was afforded the opportunity to submit a plan of compliance to the Exchange, which was completed on 21 July 2014 and accepted on 8 August 2014. Iteris will be subject to periodic reviews by the Exchange 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.

Iteris continues to work diligently with its auditors to complete the fiscal 2014 audit.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Plug-in vehicles set to increase in popularity
    January 11, 2016
    The demand for plug-in vehicles (PIVs) has increased in the UK over the last number of years, says UK Construction Media. According to figures published by the Society of Motor Manufacturers and Traders (SMMT), the number of electric car registrations has increased substantially over the past 12 months. An average of 2,400 electrical vehicles was registered per month in 2015 compared with just 500 at the beginning of 2014. It is estimated that the total number of electrical vehicles on the UK roads total
    Read More
  • TfL’s ‘Cycling Grants London’ scheme is open
    August 24, 2015
    Community groups and not-for-profit organisations are encouraged to apply for cycling grants, to help them promote pedal power through initiatives such as cycle training, bike maintenance and guided rides. Cycling Grants London is a new programme funded by Transport for London (TfL) and managed by the environmental regeneration charity, Groundwork. It offers funding to community groups such as residents’ associations, charities and youth groups for projects that encourage people of all ages and backgroun
    Read More
  • New York sees a boom in cycling
    May 10, 2016
    According to New York City Department of Transportation’s (NYC DOT) 2016 Cycling in the City brief, New York City has seen a recent dramatic increase in cycling, with the claim that the city has seen a 320 per cent increase in daily cycling between 1990 and 2014 and a 68 per cent growth in daily cycling between 2010 and 2014. The brief uses data collected by the Department of Health and Mental Hygiene (DOHMH) as part of its annual Community Health Survey, where 25 per cent of adult New Yorkers (almost 1.
    Read More
  • Doha implements traffic control system
    November 21, 2012
    Expansion of ITS systems has accelerated in Qatar this year, with rapid deployment of a traffic control system in Doha. Less than 10 years from now an extensive system of ITS technology will be operating in Qatar, informing and directing users of the country’s roads. That can be stated with confidence for a number of reasons: the world’s richest country per capita will host the World Cup in 2022 and is understood to be planning to develop sophisticated systems of ITS for road safety and traffic managemen
    Read More

Highlighted Content