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

  • Quarterhill announces shift in strategy driving revenue growth
    August 11, 2017
    Quarterhill has announced its financial results for the three- and six-month periods ended 30 June 2017, during which it announced a new acquisition-oriented growth strategy and changed the name of the public company to Quarterhill. The company posted revenue of US$18.6 million and adjusted EBITDA of US$4.8 million, Net income was US$3.6 million and cash from operations was US$3.1 million. It also acquired International Road Dynamics (IRD), a highway traffic management technology company specialising in sup
    Read More
  • TRL drives National Highways update
    May 3, 2022
    England's roads agency to replace 20-year-old asset managment software
    Read More
  • Highway 99 revisited
    May 2, 2024
    The effects of Covid are still being felt. David Arminas considers how the pandemic has affected toll revenue on Seattle’s newish SR99 tunnel – and looks at the traffic management and emergency plans in place for drivers
    Read More
  • Speed cameras - road safety benefits
    October 17, 2014
    The 2014 speed camera review by the New South Wales Centre for Road Safety shows that speed cameras continue to deliver positive road safety benefits. A total of 95 fixed speed camera locations were reviewed, with 93 locations shown to be effective from the initial analysis. This positive result shows the review, now in its third year, has systematically identified ineffective fixed speed cameras for decommissioning. Overall at these fixed speed camera locations, there was a 42 per cent reduction in the
    Read More

Highlighted Content