CIRCOR Announces Receipt of Notice of Late Filing from NYSE
August 24 2022 - 4:05PM
Business Wire
On August 18, 2022, CIRCOR International, Inc. (NYSE: CIR)
(“CIRCOR” or “the Company”), as expected, received a notice from
the New York Stock Exchange (“NYSE”) indicating that the Company is
not in compliance with Section 802.01E of the NYSE Listed Company
Manual as a result of its failure to timely file its Quarterly
Report on Form 10-Q for the period ended July 3, 2022 (the “Q2
Quarterly Report”) with the Securities and Exchange Commission (the
“SEC”).
As required by the NYSE, the Company will timely notify the NYSE
that it intends to cure the deficiency and to return to compliance
with the NYSE continued listing requirement. Under NYSE rules and
in accordance with the NYSE notification letter, the Company has
six months from August 18, 2022 to file the Q2 Quarterly Report
with SEC. The Company can regain compliance with the NYSE listing
standards at any time prior to that date by filing its Q2 Quarterly
Report.
The notice has no immediate effect on the listing or trading of
the Company’s common stock. However, if the Company fails to regain
compliance with the NYSE continued listing standard within the
six-month timeframe, it could be subject to delisting from the
NYSE.
The Company expects to file the Q2 Quarterly Report well within
the six-month timeframe.
About CIRCOR International, Inc.
CIRCOR International is one of the world’s leading providers of
mission critical flow control products and services for the
Industrial and Aerospace & Defense markets. The Company has a
product portfolio of market-leading brands serving its customers’
most demanding applications. CIRCOR markets its solutions directly
and through various sales partners to more than 14,000 customers in
approximately 100 countries. The Company has a global presence with
approximately 3,100 employees and is headquartered in Burlington,
Massachusetts. For more information, visit the Company’s investor
relations website at http://investors.circor.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from the expectations the Company describes in its
forward-looking statements. Substantial reliance should not be
placed on forward-looking statements because they involve unknown
risks, uncertainties and other factors, which are, in some cases,
beyond the control of CIRCOR. Important factors that could cause
actual results to differ materially from expectations include, but
are not limited to the inability to remediate or the discovery of
additional material weaknesses in the Company’s internal control
over financial reporting; the risk that the completion and filing
of the Q2 Quarterly Report will take longer than expected;
additional information that may arise during the preparation of the
Company’s financial statements; the timing of the Company regaining
compliance with the NYSE’s continued listing standards; the timing
and outcome, if any, of the Company’s strategic alternatives review
and its exit from the Pipeline Engineering business unit; the
impact on the Company of the situation in Russia and Ukraine; and
the risks detailed from time to time in the Company’s periodic
reports filed with the SEC. Before making any investment decisions
regarding CIRCOR, the Company strongly advises you to read the
section entitled “Risk Factors” in its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q, which can be
accessed under the “Investors” link of the Company’s website at
www.circor.com. The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005651/en/
Scott Solomon Senior Vice President Sharon Merrill Associates,
Inc. (857) 383-2409
CIRCOR (NYSE:CIR)
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