Ecology and Environment, Inc. Receives Nasdaq Notice
November 16 2018 - 5:00PM
On October 26, 2018, Ecology and Environment, Inc. (Nasdaq: EEI) (E
& E, or the “Company”) filed a Form 12b-25, Notification of
Late Filing, with the Securities and Exchange Commission regarding
a delay in the filing of its Annual Report on Form 10-K for the
fiscal year ended July 31, 2018 (the “2018 Annual Report”). Because
the filing of the Company’s 2018 Annual Report has been delayed
beyond the 15-day extension period, on November 14, 2018, the
Company received, as expected, a formal notification from the
Listing Qualifications Department of the Nasdaq Stock Market
stating that the Company is not in compliance with the requirements
for continued listing under Nasdaq Listing Rule 5250(c)(1) because
it did not file its 2018 Annual Report on a timely basis.
The Company is continuing to work diligently to complete the
2018 Annual Report and file it with the Securities and Exchange
Commission as soon as possible.
Under Nasdaq rules, the Company has 60 calendar days to submit a
plan to regain compliance. If the Company is still unable to
file its 2018 Annual Report with the Securities and Exchange
Commission by the end of that 60 calendar day period, the Company
intends to submit a compliance plan on or prior to that date. If
Nasdaq accepts the Company’s compliance plan, Nasdaq may grant an
exception of up to 180 calendar days from the due date of the 2018
Annual Report, or until May 13, 2019, to regain compliance. If
Nasdaq does not accept the Company’s compliance plan, the Company
will have the opportunity to appeal that decision to a Nasdaq
Hearings Panel.
The Nasdaq notification has no immediate impact on the listing
or trading of the Company’s common stock on the Nasdaq Stock
Market.
About Ecology and Environment, Inc.E & E is
a global network of innovators and problem solvers, dedicated
professionals and industry leaders in scientific, engineering, and
planning disciplines working collaboratively with clients to
develop technically sound, science-based solutions to the leading
environmental challenges of our time. The company is listed on the
NASDAQ Stock Exchange under the ticker symbol EEI and the
information in this release can be found online at www.ene.com.
Contact:Sara HerrmannCorporate Communications Manager(716)
684-8060sherrmann@ene.com
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