HMS Holdings Corp. (NASDAQ:HMSY) 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.
On May 23, 2017, HMS Holdings Corp. (the Company) received a
notification letter (the Notice) from the Listing Qualifications
Department of the NASDAQ Stock Market LLC (NASDAQ), indicating
that because the Company had not yet filed its Quarterly Report
on Form 10-Q for the period ended March 31, 2017 (the 2017 Q1
Form 10-Q), the Company is not in compliance with NASDAQ
Marketplace Rule 5250(c)(1), which requires timely filing of
periodic reports with the Securities and Exchange Commission. As
previously disclosed, on March 20, 2017, the Company received a
similar notification letter from NASDAQ due to its delay in
filing the Companys Annual Report on Form 10-K for the fiscal
year ended December 31, 2016 (the 2016 Form 10-K).
In accordance with NASDAQs prior notification letter, the Company
submitted its plan to regain compliance with NASDAQs continued
listing requirements on May 19, 2017. The plan is currently under
review by NASDAQ. Upon acceptance of the Companys compliance
plan, NASDAQ can grant an exception of up to 180 calendar days
from the filing due date of the 2016 Form 10-K, or September 12,
2017, to regain compliance with NASDAQ Marketplace Rule
5250(c)(1). If NASDAQ does not accept the Companys compliance
plan, the Company will have the opportunity to appeal that
decision to a NASDAQ Hearings Panel.
The Notice has no immediate effect on the continued listing of
the Companys common stock on the NASDAQ Global Select Market.
Item 7.01. Regulation FD Disclosure.
On May 30, 2017, the Company issued a press release announcing
its receipt of the Notice. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K and
incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1
furnished to Item 9.01, shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liability of that section, and shall not
be incorporated by reference into any Company filing under the
Securities Act of 1933, as amended, or the Securities Exchange
Act of 1934, as amended, except as shall be expressly set forth
by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
| 99.1 | Press release of HMS Holdings Corp., dated May 30, 2017 |
About HMS Holdings Corp. (NASDAQ:HMSY)
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate. It offers services to state Medicaid agencies, government health agencies and health plans, including Medicaid managed care, Medicare Advantage and group and individual health lines of business; government and private employers; and other healthcare payers and sponsors, including child support agencies. It serves approximately 45 state Medicaid programs and the District of Columbia, and government health agencies, including Centers for Medicare & Medicaid Services (CMS) and the Veterans Health Administration (VHA). It also provides services to approximately 250 health plans and supports their multiple lines of business. HMS Holdings Corp. (NASDAQ:HMSY) Recent Trading Information
HMS Holdings Corp. (NASDAQ:HMSY) closed its last trading session up +0.16 at 18.22 with 265,389 shares trading hands.