INNERWORKINGS,INC. (NASDAQ:INWK) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On May 11, 2018, InnerWorkings, Inc. (the “Company”) filed a Notification of Late Filing on Form 12b-25 indicating that the Form 10-Q filing would be delayed as a result of additional time required by the Company to complete the previously announced restatement of certain of its historical financial statements. On May 16, 2018, the Company received a customary notification letter from NASDAQ stating that, as a result of not having timely filed its Form 10-Q for the quarter ended March 31, 2018, the Company is not currently in compliance with NASDAQ Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission.
The NASDAQ letter has no immediate effect on the listing or trading of the Company’s common stock. The letter requests that the Company submit a plan to regain compliance with respect to NASDAQ’s listing standards no later than July 16, 2018. However, the Company anticipates that it will file the Form 10-Q in advance of that date, and therefore, believes that submission of a plan will not be necessary.
On May 18, 2018, the Company issued a press release disclosing the Company’s receipt of the NASDAQ letter. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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Exhibit No. |
Description |
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Press Release dated May 18, 2018. |
INNERWORKINGS INC ExhibitEX-99.1 2 nasdaqreleasev2.htm EXHIBIT 99.1 Exhibit InnerWorkings Receives Anticipated Letter from NASDAQ Due to Late Form 10-QCHICAGO,…To view the full exhibit click here
About INNERWORKINGS,INC. (NASDAQ:INWK)
InnerWorkings, Inc. is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company operates through three segments: North America, Latin America and EMEA. The North America segment includes operations in the United States and Canada. The Latin America segment includes operations in Mexico, South America and Central America. The EMEA segment includes operations in the United Kingdom, continental Europe, the Middle East, Africa and Asia. The Other segment consists of intersegment eliminations, shared service activities and unallocated corporate expenses. The Company’s business of providing marketing execution solutions includes the procurement of marketing materials, branded merchandise, product packaging and retail displays.