Electronics for Imaging, Inc. Granted Nasdaq Extension
Monday, March 05, 2007
FOSTER CITY, Calif.-- Electronics for Imaging, Inc., today announced that a Nasdaq Listing Qualifications Panel granted EFI's request for continued listing of its common stock on The Nasdaq Global Select Market. As previously announced, the Company received a Nasdaq Staff Determination notice on November 15, 2006, stating that EFI was not in compliance with Nasdaq Marketplace Rule 4310c(14). The letter was issued in accordance with Nasdaq procedures because the Company had not timely filed its Quarterly Report on Form 10-Q for the period ended September 30, 2006. EFI's continued listing is subject to the following conditions: (1) on or before April 13, 2007, the Company must submit additional information to Nasdaq regarding the results of the Company's internal review of its historical equity award practices and related accounting; and (2) on or before May 8, 2007, the Company must file with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarter ended September 30, 2006, and all necessary restatements of its prior financial statements. Should the Company be unable to meet these deadlines, there can be no assurance that Nasdaq will grant an additional extension of time to meet such conditions or that the Company's common stock will remain listed on The Nasdaq Global Select Market.