AUSTIN, Texas, Sept. 21, 2015 /PRNewswire/ -- Hanger, Inc.
(NYSE: HGR) today announced that the New York Stock Exchange (the
"NYSE") notified the Company that it accepted the Company's plan to
regain compliance with the continued listing requirements of the
NYSE.
On March 18, 2015, the Company
received notice from the NYSE indicating that the Company does not
satisfy the NYSE's continued listing requirements under the timely
filing criteria outlined in Section 802.01E of the NYSE Listed
Company Manual as a result of its failure to timely file its Annual
Report on Form 10-K for the fiscal year ended December 31, 2014. The Company submitted a
plan of compliance to the NYSE on September
9, 2015. On September 18,
2015, the NYSE notified the Company that it accepted the
Company's plan of compliance and granted the Company an extension
until March 19, 2016 to regain
compliance with the NYSE's continued listing standards. The
Company will be subject to reassessment by the NYSE during the
extension period. Failure to make progress consistent with
the plan could result in accelerated trading suspension prior to
March 19, 2016, and if the Company
does not complete its late filings by March
19, 2016 the NYSE will move forward with the initiation of
suspension and delisting procedures.
About Hanger, Inc. – Built on the legacy of James Edward Hanger, the first amputee of the
American Civil War, Hanger, Inc. (NYSE: HGR) delivers orthotic and
prosthetic (O&P) patient care, and distributes O&P products
and rehabilitative solutions to the broader market. Hanger's
Patient Care segment is the largest owner and operator of O&P
patient care clinics with in excess of 750 locations
nationwide. Through its Products & Services segment,
Hanger distributes branded and private label O&P devices,
products and components, and provides rehabilitative solutions.
Steeped in over 150 years of clinical excellence and innovation,
Hanger's vision is to be the partner of choice for products and
services that enhance human physical capability.
Investor Contact:
Paul Severt, Vice President,
Corporate Finance and Treasurer
Hanger, Inc., (512) 777-3666
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SOURCE Hanger, Inc.