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

  • Conscience versus convenience
    June 8, 2015
    David Crawford looks at new ways forward for public transport. By 2025, nearly 60% of the world’s population will be living in towns and cities, increasing their extent and density, and the journeys that people make within and between them. In response, the International Association of Public Transport (UITP) wants to see public transport’s global modal share doubling (PTx2) by the same date. “Success in 2025,” a spokesperson told ITS International, “will save 170 million tonnes of oil equivalent and 550
    Read More
  • First ScotRail unveils smartcard plan
    January 9, 2013
    In the UK, rail operator First ScotRail plans to install 140 smartcard validation machines across seventy of the 350 stations in Scotland, focusing on the Aberdeen, Stirling and Strathclyde areas. The technology was installed in twenty-seven stations at the end of 2012, and should be implemented in the remaining stations in the next three months. Building on a pilot scheme for annual season-ticket holders that has been running between Edinburgh and Glasgow on the line through Falkirk since 2011, the move wi
    Read More
  • German authorities use CB-radio message to reduce accidents in roadworks
    April 8, 2014
    Citizen Band radio is proving useful to prevent accidents in Germany’s roadworks. In common with other German Länder (federal regions) with large volumes of commercial vehicles using their trunk road networks, Bavaria had been experiencing high levels of road traffic accidents (RTAs) involving heavy trucks in the vicinity of minor motorway maintenance sites. This was despite the extensive visual warning regulations published in the German federal road safety audit (RSA) guidelines for the protection of site
    Read More
  • Cut freight deliveries – improve Southampton’s air quality
    November 23, 2018
    Taking the pressure off cities’ road networks can have a beneficial effect on the environment. David Crawford looks at a new economic model which seeks to quantify the societal effect of freight traffic in Southampton, one of the UK’s five most polluted cities Cuts of 60% or more in volumes of freight deliveries are being predicted - along with badly-needed improvements in air quality - from a load consolidation scheme currently being introduced in the UK port city of Southampton. The forecasts are based o
    Read More

Highlighted Content