regulatory
confidence high
sentiment negative
materiality 0.60
Matrix Service receives Nasdaq notice for late 10-K filing; has 60 days to submit compliance plan
MATRIX SERVICE CO
- Failed to file Form 10-K for FY ended June 30, 2022 by the September 28, 2022 deadline.
- Nasdaq notice has no immediate effect on listing or trading of MTRX shares.
- Company has until November 28, 2022 to submit a plan; if accepted, extension to March 27, 2023 possible.
- Company targets filing the 10-K in early October 2022 and subsequent reports on time.
- Failure to regain compliance could result in delisting from Nasdaq.