THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) 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
Company) received a notification letter from the Staff of the
Listing Qualifications Department of The NASDAQ Stock Market LLC
(Nasdaq) notifying the Company that it has not regained
compliance with NASDAQ Listing Rule 5250(c)(1) (the Rule), the
continued listing requirement to timely file all required
periodic reports with the Securities and Exchange Commission (the
SEC), and, therefore, that its common stock would be subject to
delisting unless the Company timely requests a hearing before a
NASDAQ Hearings Panel (the Panel). The Company fully intends to
timely request a hearing before the Panel to present its plan for
regaining compliance with the Rule and request continued listing
pending its return to compliance.
based on the compliance plan submitted and the Companys
presentation, to grant the Company an extension of time within
which to regain compliance with the Rule for a period of up to
360 days from the original due date of the Companys first late
filing.
ended June 30, 2016 and its Quarterly Reports on Form 10-Q for
the periods ended September 30, 2016 and December 31, 2016 with
the SEC, the Company will regain compliance with the Rule. The
Company is working toward a conclusion in its financial reporting
process.
its receipt of the notification from Nasdaq in accordance with
Nasdaq Listing Rule 5810(b). A copy of such press release is
attached hereto as Exhibit 99.1 and is incorporated into this
Item 3.01 by reference.
of Directors; Appointment of Principal Officers
immediately, John Carroll has been appointed Executive Vice
President, Global Brands, Categories and New Business Ventures of
the Company and will no longer serve as the Companys Executive
Vice President and Chief Executive Officer – Hain Celestial North
America.
responsibilities is attached to this Report as Exhibit 99.2 and
is incorporated into this Item 5.02 by reference.
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Exhibit No.
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Description
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99.1
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Press Release of The Hain Celestial Group, Inc. dated
March 6, 2017. |
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99.2
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Press Release of The Hain Celestial Group, Inc. dated
March 6, 2017. |
About THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN)
The Hain Celestial Group, Inc. is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World. Its Rest of World segment includes Canada and Europe. The Company’s brand names include Almond Dream, Arrowhead Mills, Bearitos, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Empire, Europe’s Best, Farmhouse Fare, Frank Cooper’s, FreeBird, Gale’s, Garden of Eatin’, GG UniqueFiber, Hain Pure Foods, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co., Joya, Kosher Valley, Lima, The Greek Gods, Tilda, Walnut Acres, WestSoy and Yves Veggie Cuisine. Its personal care products are marketed under the Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean and Queen Helene brands. THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) Recent Trading Information
THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) closed its last trading session up +0.13 at 35.49 with 1,367,851 shares trading hands.