Summary
Autodesk, Inc. (ADSK) has filed an 8-K report disclosing that it received a notice from Nasdaq on April 19, 2024, regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The delay is attributed to an ongoing internal investigation, the subject of which remains the same as previously disclosed and is not believed to affect previously issued financial statements or the company's February 29, 2024 earnings release. The notice from Nasdaq does not have an immediate impact on the trading of ADSK's common stock. The company has 60 days from the notice date to submit a plan of compliance to Nasdaq and may be granted up to 180 days from the original Form 10-K due date (October 14, 2024) to regain compliance. Autodesk intends to regain compliance as soon as practicable.
Key Highlights
- 1Autodesk received a notice from Nasdaq on April 19, 2024, indicating non-compliance with listing rules due to a delayed Form 10-K filing.
- 2The delayed filing is related to an ongoing internal investigation.
- 3The company states the investigation's subject remains unchanged and does not currently impact previously issued financial statements or the February 29, 2024 earnings release.
- 4The Nasdaq notice has no immediate effect on the listing or trading of Autodesk's stock.
- 5Autodesk has 60 days to submit a plan of compliance to Nasdaq.
- 6Nasdaq may grant up to 180 days (until October 14, 2024) for the company to regain compliance.
- 7The company is actively working to complete the investigation and file the Form 10-K as soon as possible.