Atari facing NASDAQ delisting
Stock exchange serves notice to publisher due to delinquent paperwork.
Atari revealed today that it has been served with a noncompliance notice from NASDAQ and is now subject to delisting. According to the notice, the France-based publisher has not yet filed its annual report on Form 10-K for its 2007 fiscal year. Atari has requested a hearing with the NASDAQ Listing Qualifications Panel to appeal the notice, which will postpone the delisting until the panel has reached a decision.
Unlike its previous NASDAQ delisting quandary, today's notice has nothing to do with its stock price. Atari has stated that its reason for not filing the Form 10-K in a timely manner is because it is "still determining what, if any, accounting entries it needs to make with respect to certain severance matters." Last April, Bruno Bonnell, who cofounded Atari parent company Infogrames Entertainment, vacated his post as chairman of the board, chief creative officer, and acting chief financial officer. In May, the publisher announced it would be serving pink slips to 20 percent of its workforce. The layoffs were then projected to be concluded by the end of July.
95 Comments
- First to Last
- Latest
-
thesineater
-
AvIdGaMeR444
-
Singletrac
-
StonyShred420
-
bossjimbob
-
Darth_Slayer
-
Hawk456
-
Goredriver
-
elite_ferns1
-
iMacBot
-
piano_lord92
-
angelGP32
-
Unholy_Smite
-
CookiesCream
-
PSLinux
-
nazraq
-
Devvy01
-
raystorm9000
-
Neo_Sarevok
-
MotorQ
-
-HCMF-
-
Diernes
-
NeoNavarro
-
living_wmd_888
-
link631
-
Romanticide
-
vbc_bt
-
ghsacidman
-
Ryowolf
-
queenfan66
-
malmeid2
-
Cerza
-
Demmi_Argo
-
The_Weekend
-
mattybonner2
-
grarap
-
Hardcoreforever
-
Lord_Bafford
-
dynomitemasta
-
HighlyToxic
-
Jebril
-
zintarr
-
Lordofultima
-
TransAmSD455
-
hbxclo
-
Spartan1017
-
chubhold
-
luckjon
-
imnotacrook
- First to Last
- Latest
Subscribe to GameSpot's YouTube Channel
Hot Stories
Newsmakers
-
Mortal Kombat developer to diversify in 2012
NetherRealm creative director Ed Boon says there's an "assumption" another Mortal Kombat game to come, but wants to work on new IPs on multiple formats, genres. Full Story
- Posted Jan 30, 2012 8:17 am PT
- 59 Comments
Featured Stories
-
Star Wars: The Old Republic denounced for gay relationships
Family Research Council says BioWare has "gone to the dark side" with promise to include same-gender romance in MMO game. Full Story
- Posted Jan 30, 2012 10:46 am PT
- 511 Comments
-
No new Xbox in 2012 - Microsoft
Company's French marketing manager says Microsoft not ready to roll out new console this year, won't compete with Nintendo and the Wii U. Full Story
- Posted Jan 30, 2012 9:51 am PT
- 359 Comments
-
Kingdoms of Amalur: Reckoning online pass unlocks seven quests
New copies of 38 Studios' fantasy RPG come bundled with code to download House of Valor faction questline; studio says it was "always intended" to be DLC. Full Story
- Posted Jan 27, 2012 2:53 pm PT
- 345 Comments
-
Sony sweetens PS Vita 3G deal
$300 version of new handheld will now include free 8GB memory stick, PSN game, AT&T 3G data plan access; $350 First Edition preorders to receive just the PSN game and data plan. Full Story
- Posted Jan 27, 2012 2:24 pm PT
- 244 Comments
-
Nintendo considering new name for Wii U - Report
Underwhelming reaction and concerns of customer confusion supposedly have the Mario maker weighing its options for a rebranding before this year's E3. Full Story
- Posted Jan 27, 2012 11:12 am PT
- 512 Comments




