InnerWorkings Receives Anticipated Letter from NASDAQ Due to Late Form 10-Q
May 18 2018 - 5:15PM
Business Wire
InnerWorkings, Inc. (NASDAQ: INWK), the leading global marketing
execution firm, announced that, as a result of not having timely
filed its Form 10-Q for the quarter ended March 31, 2018, it has
received a customary notification letter from NASDAQ, stating that
the Company is not currently in compliance with NASDAQ Listing Rule
5250(c)(1), which requires timely filing of periodic financial
reports with the U.S. Securities and Exchange Commission (the
“SEC”). The Form 10-Q filing is delayed as a result of additional
time required by the Company to complete the restatement of certain
of its historical financial statements, as previously disclosed on
May 7, 2018.
Such notices are routinely issued by NASDAQ when there are late
filings with the SEC. The NASDAQ letter has no immediate effect on
the listing or trading of the Company’s common stock. The letter
requests that the Company submit a plan to regain compliance with
respect to NASDAQ’s listing standards no later than July 16, 2018.
However, the Company anticipates that it will file the Form 10-Q in
advance of that date, and therefore, believes that submission of a
plan will not be necessary.
About InnerWorkings
InnerWorkings, Inc. (NASDAQ: INWK) is the leading global
marketing execution firm serving Fortune 1000 brands across a wide
range of industries. As a comprehensive outsourced enterprise
solution, the Company leverages proprietary technology, an
extensive supplier network and deep domain expertise to streamline
the production of branded materials and retail experiences across
geographies and formats. InnerWorkings is headquartered in Chicago,
IL and employs 2,000 individuals to support global clients in the
execution of multi-faceted brand campaigns in every major market
around the world. Among the many industries InnerWorkings serves
are: retail, financial services, hospitality, consumer packaged
goods, not-for-profits, healthcare, food & beverage,
broadcasting & cable, automotive, and transportation. For more
information visit: www.inwk.com.
Forward-Looking Statements
This release contains forward-looking statements under the
federal securities laws. We can give no assurance regarding any of
these statements. Any forward-looking statements represent our
views only as of today and should not be relied upon as
representing our views as of any subsequent date. These statements
are subject to a variety of risks and uncertainties that could
cause our actual results to differ materially from the statements
contained in this release. For a discussion of important factors
that could affect our actual results, please refer to our SEC
filings, including the “Risk Factors” section of our most recently
filed Form 10-K.
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version on businesswire.com: https://www.businesswire.com/news/home/20180518005765/en/
InnerWorkings, Inc.Bridget Freas312-589-5613bfreas@inwk.com
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