NCI, INC. (NASDAQ:NCIT) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On March21, 2017, NCI, Inc. (the Company) received a written
notice (the Notice) from the Listing Qualifications Department of
the NASDAQ Stock Market (NASDAQ), stating that the Company is not
in compliance with NASDAQ Listing Rule 5250(c)(1) for continued
listing because the Company has not timely filed its Annual
Report on Form 10-K for the fiscal year ended
December31, 2016 (the Form 10-K) with the U.S. Securities and
Exchange Commission. The Notice was issued in accordance with
standard NASDAQ procedures and has no immediate effect on the
listing or trading of the Companys common stock on the NASDAQ
Global Select Market.
As previously
disclosed in the Companys Notification of Late Filing on Form
12b-25 filed on March16, 2017, the delay relates to the timing of
the previously announced internal investigation initiated by the
Company following its discovery that the Companys former
controller had been embezzling money from the Company.
The Notice
indicates that the Company has until May22, 2017 to submit a plan
to regain compliance with the NASDAQ continued listing standards.
The Company expects to file its Form 10-K as soon as reasonably
practicable and intends to do so by May22, 2017, and thereby
regain compliance with the NASDAQ continued listing standards and
eliminate the requirement to submit a plan of compliance to
NASDAQ.
On March24, 2017,
the Company issued a press release disclosing the receipt of the
Notice. A copy of the press release is attached as Exhibit 99.1
to this report and incorporated herein by reference.
Item9.01.
Financial Statements and Exhibits.
|
ExhibitNo. |
Description of Exhibit |
|
| Exhibit99.1 | Press Release, dated March24, 2017. |
About NCI, INC. (NASDAQ:NCIT)
NCI, Inc. is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration. The Company helps its clients to navigate the range of cloud, Everything-as-a-Service (EaaS), capacity services and virtualization options available. The Company provides its customers the full lifecycle of cybersecurity services, including policy and planning, compliance, identity and access management, training, education, awareness and enterprise security operations. NCI, INC. (NASDAQ:NCIT) Recent Trading Information
NCI, INC. (NASDAQ:NCIT) closed its last trading session up +0.10 at 15.00 with 20,622 shares trading hands.
