Press release
Trimble receives expected notification of deficiency from Nasdaq related to delayed filing of quarterly report on Form 10-Q
WESTMINSTER, Colo., Aug. 21, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) (the "Company") today announced that it received an expected deficiency
About this update from Trimble Inc.
[{"type":"text","content":"WESTMINSTER, Colo., Aug. 21, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) (the \"Company\") today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (\"Nasdaq\") on August 16, 2024 (the \"Q2 Notice\"). The Q2 Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the \"Listing Rule\") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended June 28, 2024 (the \"Q2 Form 10-Q\"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the \"Q2 Form 12b-25\") filed with the Securities and Exchange Commission (the \"SEC\") on August 7, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.\n\n \n \n \n \n \n \n\n \nThe Company has until August 31, 2024 to submit an update to the plan of compliance previously submitted to Nasdaq, and, following receipt of such update, Nasdaq may grant an extension for the Company to regain compliance. The Q2 Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market.\nAs previously disclosed on a Current Report on Form 8-K filed with the SEC on May 17, 2024, the Company had received a notice from Nasdaq indicating that as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 29, 2024 (the \"Q1 Form 10-Q\"), the Company was not in compliance with the Listing Rule (the \"Q1 Notice\"). The Company has timely submitted a plan to regain compliance in response to the Q1 Notice. On August 16, 2024, Nasdaq granted the Company the full requested extension until November 11, 2024 to regain compliance. The Company intends to take the necessary steps to regain compliance with the Listing Rule as soon as practicable.\n Safe Harbor Statement \nCertain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include statements regarding the timing and expectations regarding the Company's and Ernst & Young LLP's (\"EY\") assessment process and the fi...