Back Yard Burgers Receives Nasdaq Notice Regarding Delayed Filing of Form 10-Q
22 Novembre 2006 - 12:30AM
Business Wire
Back Yard Burgers, Inc. (NASDAQ:BYBI) announced today that it
received a Nasdaq Staff Determination notice yesterday stating that
the Company is not in compliance with Nasdaq Marketplace Rule
4310(c)(14) because it has not timely filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q for the
period ended September 30, 2006. On November 1, 2006, Back Yard
Burgers had previously announced that its board of directors had
directed its audit committee to review the Company�s historical
stock option practices and related accounting. On November 14,
2006, Back Yard Burgers notified the Securities and Exchange
Commission that, because of the ongoing review process, the Company
would not be able to timely file its Quarterly Report on Form 10-Q
for the period ended September 30, 2006. Back Yard Burgers intends
to file its Form�10-Q as soon as practicable after completion of
the stock option review. The Nasdaq Staff Determination notice
indicated that, due to this non-compliance, Back Yard Burgers�
common stock will be delisted from the Nasdaq Stock Market at the
opening of business on November 29, 2006, unless the Company
requests a hearing before a Nasdaq Listing Qualifications Panel.
Back Yard Burgers has requested a hearing before a Nasdaq Listing
Qualifications Panel to review the Nasdaq staff�s determination.
The hearing request will stay the delisting of the Company�s common
stock pending the Panel�s decision. However, there can be no
assurance that the Panel will grant the Company�s request for
continued listing after the hearing. Back Yard Burgers operates and
franchises quick-service restaurants in 20 states, primarily in
markets throughout the Southeast region of the United States. The
restaurants specialize in charbroiled, freshly prepared,
great-tasting food. As its name implies, Back Yard Burgers strives
to offer the same high-quality ingredients and special care
typified by outdoor grilling in the backyard. Its menu features
made-to-order gourmet Black Angus hamburgers and chicken sandwiches
- charbroiled over an open flame, fresh salads, chili and other
specialty items, including hand-dipped milkshakes, fresh-made
lemonade and fresh-baked cobblers. Forward-Looking Statements This
press release contains forward-looking statements concerning Back
Yard Burgers� plans to request a hearing before a Nasdaq Listing
Qualifications Panel as well as Back Yard Burgers� review of its
historical option practices. There can be no assurance concerning
the outcomes of the hearing request and the review. Investors are
cautioned that all forward-looking statements in this release also
involve risks discussed in the Company�s Form 10-K filed with the
Securities and Exchange Commission on March 31, 2006. Copies of
Back Yard Burgers� SEC filings are posted on the Company�s web site
and are available from the Company without charge. Forward-looking
statements are made as of the date of this release, and, except as
required by law, the Company does not undertake an obligation to
update its forward-looking statements to reflect future events or
circumstances. Back Yard Burgers, Inc. (NASDAQ:BYBI) announced
today that it received a Nasdaq Staff Determination notice
yesterday stating that the Company is not in compliance with Nasdaq
Marketplace Rule 4310(c)(14) because it has not timely filed with
the Securities and Exchange Commission its Quarterly Report on Form
10-Q for the period ended September 30, 2006. On November 1, 2006,
Back Yard Burgers had previously announced that its board of
directors had directed its audit committee to review the Company's
historical stock option practices and related accounting. On
November 14, 2006, Back Yard Burgers notified the Securities and
Exchange Commission that, because of the ongoing review process,
the Company would not be able to timely file its Quarterly Report
on Form 10-Q for the period ended September 30, 2006. Back Yard
Burgers intends to file its Form 10-Q as soon as practicable after
completion of the stock option review. The Nasdaq Staff
Determination notice indicated that, due to this non-compliance,
Back Yard Burgers' common stock will be delisted from the Nasdaq
Stock Market at the opening of business on November 29, 2006,
unless the Company requests a hearing before a Nasdaq Listing
Qualifications Panel. Back Yard Burgers has requested a hearing
before a Nasdaq Listing Qualifications Panel to review the Nasdaq
staff's determination. The hearing request will stay the delisting
of the Company's common stock pending the Panel's decision.
However, there can be no assurance that the Panel will grant the
Company's request for continued listing after the hearing. Back
Yard Burgers operates and franchises quick-service restaurants in
20 states, primarily in markets throughout the Southeast region of
the United States. The restaurants specialize in charbroiled,
freshly prepared, great-tasting food. As its name implies, Back
Yard Burgers strives to offer the same high-quality ingredients and
special care typified by outdoor grilling in the backyard. Its menu
features made-to-order gourmet Black Angus hamburgers and chicken
sandwiches - charbroiled over an open flame, fresh salads, chili
and other specialty items, including hand-dipped milkshakes,
fresh-made lemonade and fresh-baked cobblers. Forward-Looking
Statements This press release contains forward-looking statements
concerning Back Yard Burgers' plans to request a hearing before a
Nasdaq Listing Qualifications Panel as well as Back Yard Burgers'
review of its historical option practices. There can be no
assurance concerning the outcomes of the hearing request and the
review. Investors are cautioned that all forward-looking statements
in this release also involve risks discussed in the Company's Form
10-K filed with the Securities and Exchange Commission on March 31,
2006. Copies of Back Yard Burgers' SEC filings are posted on the
Company's web site and are available from the Company without
charge. Forward-looking statements are made as of the date of this
release, and, except as required by law, the Company does not
undertake an obligation to update its forward-looking statements to
reflect future events or circumstances.
Grafico Azioni Back Yard Burgers (MM) (NASDAQ:BYBI)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Back Yard Burgers (MM) (NASDAQ:BYBI)
Storico
Da Set 2023 a Set 2024