LAKE SUCCESS, N.Y.,
Feb. 23, 2017 /PRNewswire/ -- The
Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic
and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way
of Life™, announced today that, as expected, the Company received a
letter dated February 16, 2017 from
the Nasdaq Listing Qualifications Staff indicating that, based upon
the Company's failure to timely file its Quarterly Report on Form
10-Q for the quarter ended December 31,
2016 (the "Second Quarter Form 10-Q") with the U.S.
Securities and Exchange Commission (the "SEC"), the Company did not
satisfy Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires
issuers to timely file periodic reports with the SEC. The
Company previously announced that, on November 2, 2016, Nasdaq
notified the Company that it had been granted an extension, through
February 27, 2017, to file its periodic reports with the SEC and
thereby evidence compliance with the Rule. The Company fully
intends to continue to take all steps necessary to regain
compliance with the Rule.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are predictions based on
expectations and projections about future events, and are not
statements of historical fact. You can identify forward-looking
statements by the use of forward-looking terminology such as
"plan", "continue", "expect", "anticipate", "intend", "predict",
"project", "estimate", "likely", "believe", "might", "seek", "may",
"remain", "potential", "can", "should", "could", "future" and
similar expressions, or the negative of those expressions. These
forward-looking statements include the Company's beliefs or
expectations relating to (i) the filing of the Company's Annual
Report on Form 10-K for the period ended June 30, 2016 (the "Form 10-K"), the Quarterly
Report on Form 10-Q for the period ended September 30, 2016 (the "First Quarter Form
10-Q") and the Second Quarter Form 10-Q and (ii) regaining Nasdaq
listing compliance. Such forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause
the actual results to be materially different from any future
results expressed or implied by such forward-looking statements.
Such factors include a material delay in the Company's financial
reporting, including the possibility that the Company will not be
able to file its Form 10-K, First Quarter Form 10-Q or Second
Quarter Form 10-Q by February 27,
2017 or regain Nasdaq listing compliance, the possibility
that one or more material weaknesses in the Company's internal
control over financial reporting may be identified, the possibility
that errors may be identified, which may be material, whether
investors should no longer rely upon previously issued financial
statements, and the risk that the Company may need to restate its
financial statements. As a result of the foregoing and other
factors, no assurance can be given as to the future results, levels
of activity and achievements of the Company, and neither the
Company nor any person assumes responsibility for the accuracy and
completeness of these statements.
The Hain Celestial Group, Inc.
The Hain Celestial
Group (NASDAQ: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe and India. Hain Celestial
participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth's Best®,
Ella's Kitchen®, Terra®, Garden of
Eatin'®, Sensible Portions®, Health
Valley®, Arrowhead Mills®,
MaraNatha®, SunSpire®, DeBoles®,
Casbah®, Rudi's Organic Bakery®, Hain Pure
Foods®, Spectrum®, Spectrum
Essentials®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®,
WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville
Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's Best®, Cully &
Sully®, New Covent Garden Soup Co.®,
Johnson's Juice Co.®, Farmhouse Fare®,
Hartley's®, Sun-Pat®, Gale's®,
Robertson's®, Frank
Cooper's®, Linda
McCartney®, Lima®, Danival®,
Joya®, Natumi®, GG UniqueFiber®,
Tilda®, JASON®, Avalon Organics®,
Alba Botanica®, Live
Clean® and Queen
Helene®. Hain Celestial has been providing
A Healthier Way of Life™ since 1993. For more information,
visit www.hain.com.
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SOURCE The Hain Celestial Group, Inc.