other material
confidence high
sentiment negative
materiality 0.75
TUPPERWARE BRANDS CORP: Nasdaq/NYSE listing notice — Tupperware receives NYSE delisting notice for failure to hold 2022 annual meeting; multiple listing deficiencies persist
TUPPERWARE BRANDS CORP
- On Jan 5, 2024, NYSE notified Tupperware of noncompliance with Section 302 for failing to hold FY2022 annual meeting by Dec 31, 2023.
- Meeting delayed due to audit delays (2022 10-K filed Oct 13, 2023) and ongoing independent auditor engagement.
- Company still has not filed 2023 quarterly reports; if not filed by Mar 31, 2024, NYSE may commence suspension or delisting.
- Also noncompliant with NYSE market capitalization standard (Section 802.01B); cure period ends Dec 2024, but early compliance may be possible by Feb 1, 2024.
- Stock remains on NYSE noncompliant list with .BC indicator; company working to regain compliance.