HILL INTERNATIONAL,INC. (NYSE:HIL) Files An 8-K Other Events

ME Staff 8-k
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HILL INTERNATIONAL,INC. (NYSE:HIL) Files An 8-K Other Events
Item 8.01. Other Events.

As previously disclosed, Hill International,Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria established in Section802.01Eof the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form10-Qfor the fiscal quarter ended June30, 2017 (the “Form10-Q”). The Notice states that the Company would have six months from August15, 2017 to file the Form10-Qwith the Securities and Exchange Commission (“SEC”) and that, if the Company fails to file the Form10-Q before the NYSE’s compliance deadline, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance.

On February12, 2018, the Company received a letter from the NYSE which granted the Company’s request for a listing extension, which expires on July16, 2018, in order to file the Form10-Q as well as all subsequent delinquent filings (collectively, the “Delinquent Filings”) with the SEC. During that period, trading of the Company’s shares on theNYSEwill remain unaffected. If the Company does not file the Delinquent Filings by July16, 2018, theNYSEwill initiate suspension and delisting procedures. Should the Company require additional time, the NYSE may grant, at its sole discretion, an additional extension to August15, 2018. Theextensionis subject to review by theNYSEon an ongoing basis. The Company continues to work diligently to complete ongoing work on its financial restatement and expects to meet the timing requirements set forth by theNYSE.

A copy of the Company’s press release regarding the above is filed as Exhibit99.1 and is incorporated by reference into this Item 8.01.

Safe Harbor Statement

The above statement that the Company expects to meet the timing requirements set forth by theNYSEis a forward-looking statement and is subject to risks and uncertainties. We have based this statement on the current status of the restatement process, other information now known to us, and our anticipated timing for the completion of the restatement and related SEC filings. Although we believe that the assumptions and expectations reflected in this statement are reasonable, the timing of completion of the restatement process and related SEC filings in order to come into compliance with the NYSE’s requirements for continued listing is subject to known and unknown risks and uncertainties and could vary materially from our current expectations. We assume no, and we specifically disclaim any, obligation to update this statement to reflect actual results or changes in factors or assumptions affecting this statement. We advise investors to consult any further disclosures we make on this topic in our SEC filings.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

ExhibitNumber

Description

99.1

Press Release, dated February16, 2018.


Hill International, Inc. Exhibit
EX-99.1 2 a18-6272_1ex99d1.htm EX-99.1 Exhibit 99.1     FOR IMMEDIATE RELEASE   Hill International NYSE Notice Regarding Listing Extension   PHILADELPHIA — February 15,…
To view the full exhibit click here

About HILL INTERNATIONAL,INC. (NYSE:HIL)

Hill International, Inc. (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group. The Project Management Group is engaged in providing fee-based or agency construction management services. The segment provides construction and project management services to construction owners across the world. The Construction Claims Group is engaged in advising clients in order to assist them in preventing or resolving claims and disputes based upon schedule delays, cost overruns and other problems on construction projects. The Company’s clients consist primarily of the United States and other national governments, state and local governments, and the private sector.