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

  • Ability to keep in touch on US buses woos travellers
    February 1, 2012
    David Crawford finds evidence of a new trend in American intercity travel: that better access to data sources on the move is tempting passengers away from air travel and onto surface modes. In the US the ease of use of Portable Electronic Devices (PEDs) is successfully wooing long-distance travellers away from airlines and onto surface public transport, according to just-published research. Using data from field observations of 7,028 passengers travelling by bus, air and train in 14 US states and the Distri
    Read More
  • Reducing climate impacts starts at the intersection, says Inrix
    September 11, 2023
    The tools to identify and reduce unnecessary delays at intersections are here – and traffic signal performance improvement is also eligible for US government funding, points out Rick Schuman of Inrix
    Read More
  • Public Private Partnerships to gather pace in the US
    April 29, 2015
    Public Private Partnerships are set to play a big role in transportation funding as Andrew Bardin Williams discovers. The old joke goes that the road from New York to Chicago is paved with potholes. For decades, drivers from New York and New Jersey traveling across Pennsylvania to visit the Midwest have lambasted the Commonwealth’s roadways for their lack of smooth pavement.
    Read More
  • New South Wales removes speed cameras
    October 3, 2014
    New South Wales Minister for Roads and Freight, Duncan Gay, has announced that speed cameras in ten locations across NSW are to be removed as soon as any safety works such as additional signage, barriers and markings and that work has been finished. Gay said in a statement that the government is keeping to a statement that it made while in opposition, and removing any speed cameras that did not add a proven safety benefit. The 2014 Speed Camera Review of the state’s cameras indicates that early result
    Read More

Highlighted Content