regulatory
confidence high
sentiment negative
materiality 0.80
ESRT receives NYSE delisting notice for late Q2 10-Q filing due to IT control deficiencies
Empire State Realty Trust, Inc.
- Received NYSE (Aug 15) and NYSE Arca (Aug 16) notices for failing to timely file Q2 2024 Form 10-Q.
- EY identified design deficiencies in IT general controls for systems used in 2023 financial statements.
- Company has up to six months from original due date to file Form 10-Q and regain compliance.
- Failure to file within six months may allow a request for up to six additional months; otherwise delisting starts.
- Working with EY to assess impacts and file Form 10-Q as soon as practicably possible.