West Marine warned of possible delisting
WATSONVILLE, Calif. – Boating supplies retailer West Marine, Inc. (NASDAQ:WMAR) has received a notice from The NASDAQ Global Market stating that its common stock is subject to delisting, the company reported earlier this week.
The notice was issued in accordance with standard NASDAQ procedures as a result of the delayed filing of its 2007 annual report.
“We currently expect to file our annual report … on or before Friday, April 4, although no assurance can be given,” stated West Marine. “If we do not file by Monday, April 7, 2008, we will request a hearing before a NASDAQ Listings Qualifications Panel in which we will outline our plan for regaining compliance.”
In the meantime, pending the filing of the annual report, and, if required, a decision by the panel, its shares will remain listed on The NASDAQ Global Market.
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