LAKE SUCCESS, N.Y.,
May 22, 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 May 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 March 31, 2017
(the "Third 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 Nasdaq
Hearings Panel has granted the Company an extension, through June
15, 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"), the Quarterly Report on Form 10-Q for the period ended
December 31, 2016 (the "Second
Quarter Form 10-Q") and the Third 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, Second Quarter Form 10-Q and Third Quarter Form
10-Q by June 15, 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.®,
Yorkshire Provender™, 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/hain-celestial-receives-expected-notice-from-nasdaq-300461707.html
SOURCE The Hain Celestial Group, Inc.