Kingsway Financial announces receipt of notification letter from NYSE
Kingsway Financial Services announced it received notice from the New York Stock Exchange that the company is not in compliance with NYSE listing standard 802.01E because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. The company said it timely filed on April 1, 2019 a Form 12b-25 Notification of Late Filing, which resulted in an extended filing deadline of April 16, 2019 for its 2018 Form 10-K. As previously communicated, the company's outside independent auditors, RSM US LLP, have informed the company they will require additional time to complete their work. "NYSE has informed the company it will closely monitor the status of Kingsway's late filing and related public disclosures for up to a six-month period from its due date. Kingsway will continue to work with its auditors with the objective of filing its 2018 Form 10-K as soon as practicable," the company said.