Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA says that on 14 August it received a letter from The NASDAQ Stock Market LLC notifying it that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) because its quarterly report on Form 10-Q for second-quarter 2013 was not filed on time with the US Securities and Exchange Commission (SEC).
Previously, the firm's annual report on Form 10-K for 2012 and Form 10-Q reports for third-quarter 2012 and first-quarter 2013 were also not filed on time. This is because Veeco is reviewing the timing of recognition of revenue and related expenses on the sale of certain of its products. The accounting review was announced on 15 November 2012.
On 17 July, the NASDAQ Listing Qualifications Panel informed Veeco that its request for continued listing on The NASDAQ Stock Market until 4 November had been granted. On or prior to 4 November, Veeco must regain compliance with all applicable requirements for continued NASDAQ listing, including filing its outstanding annual and periodic reports with the SEC.
Veeco says that it continues to conduct its review and intends to file its Forms 10-Q and 10-K as soon as reasonably practicable after the accounting matters have been resolved.
See related items:
Veeco's request for continued NASDAQ listing granted, pending 4 November SEC filing deadline
Veeco receives stay of suspension pending NASDAQ hearing on 27 June
Veeco receives NASDAQ notice of non-compliance; requests hearing for continued listing
Veeco receives NASDAQ notice regarding late filing for Q1/2013
Veeco receives NASDAQ notice regarding late Form 10-K filing
Veeco receives NASDAQ notice regarding late Q3 filing with SEC
