News Article
KLA-Tencor delays filing form 10-Q and receives notice from NASDAQ
KLA-Tencor Corporation announced that, as expected, because the Company has not yet completed the restatement of its financial statements required due to the retroactive pricing of certain stock options, the Company was unable to file its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2006 by the required filing date of November 14, 2006.
As a result, the Company received an Additional Nasdaq Staff Determination notice indicating that the Company is not in compliance with the filing requirements for continued listing as set forth in Nasdaq Marketplace Rule 4310(c)(14) and that this non-compliance will serve as an additional basis for delisting the Company's securities from the Nasdaq Global Select Market. The notice, which the Company expected, was issued in accordance with standard Nasdaq procedures. The Company has already appealed the previous Nasdaq Staff Determination and appeared in a hearing before the Nasdaq Listing Qualifications Panel on October 26, 2006. No decision has yet been rendered by the Panel. Pending the Panel's decision.
