Summary
Lam Research Corporation (LRCX) has filed an 8-K report to address a notice from Nasdaq regarding non-compliance with continued listing requirements due to a delayed filing of its Form 10-K for the fiscal year ended June 24, 2007. The company is proactively requesting a hearing before the Nasdaq Listing Qualifications Panel to present its case. Investors should be aware that while this notice indicates a procedural issue with listing compliance, Lam Research expects its shares to remain listed on the Nasdaq Stock Market pending the Panel's decision. The company has attached the relevant press release to this filing, which provides further details on the situation and its proactive steps.
Key Highlights
- 1Lam Research received a Nasdaq Staff Determination letter indicating non-compliance with continued listing requirements.
- 2The reason for non-compliance is the delayed filing of the Company's Form 10-K for the fiscal year ended June 24, 2007.
- 3The Company will request a hearing before the Nasdaq Listing Qualifications Panel.
- 4Lam Research expects its shares to remain listed on the Nasdaq Stock Market pending the Panel's decision.
- 5The filing includes an attached press release dated August 29, 2007, detailing the situation.
- 6Martin B. Anstice, Senior Vice President, Chief Financial Officer, and Chief Accounting Officer, signed the filing.