1-800-FLOWERS.COM, INC. (NASDAQ:FLWS) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1-800-FLOWERS.COM, INC. (NASDAQ:FLWS) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

As previously disclosed on October 21, 2016, Lawrence Calcano planned to retire from the Board of Directors of 1-800-Flowers.com, Inc. (the “Company”) effective as of December 13, 2016.
As a result of Mr. Calcano’s retirement, the Company currently has only 2 independent directors serving on the Audit Committee of the Board of Directors and therefore it currently is not in compliance with The Nasdaq Stock Market LLC (“NASDQ”) audit committee requirements set forth in Listing Rule 5605(c)(2).
NASDAQ issued a letter to the Company on January 3, 2017 stating that the Company is not in compliance with the audit committee requirements and that the Company may rely on the cure period provided by NASDAQ Listing Rule 5605(c)(4) which allows the Company until the earlier of (i) the Company’s next annual shareholders’ meeting or December 13, 2017 or (ii) June 12, 2017 if the Company’s next annual shareholders’ meeting is before that date.
The Company intends to appoint an additional independent director to the Audit Committee prior to the end of the cure period.

About 1-800-FLOWERS.COM, INC. (NASDAQ:FLWS)

1-800-FLOWERS.COM, Inc. is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service. The Consumer Floral segment includes the operations of the Company’s flagship brand, 1-800-Flowers.com, FruitBouquets.com and Flowerama. The Gourmet Food and Gift Baskets segment includes the operations of Harry & David (which includes Wolferman’s, Moose Munch and Stockyards.com), Fannie May Confections Brands (which includes Harry London), Cheryl’s (which includes Mrs. Beasley’s), The Popcorn Factory, DesignPac and 1-800-Baskets. The BloomNet Wire Service segment includes the operations of BloomNet and Napco.

1-800-FLOWERS.COM, INC. (NASDAQ:FLWS) Recent Trading Information

1-800-FLOWERS.COM, INC. (NASDAQ:FLWS) closed its last trading session down -0.35 at 10.55 with 145,307 shares trading hands.

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