Kraft Heinz still not in compliance with Nasdaq listing rule
The Kraft Heinz announced that on May 17 as expected, Kraft Heinz received a standard notice from Nasdaq stating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 30, Kraft Heinz continues to not be in compliance with Nasdaq Listing Rule 5250, which requires timely filing of periodic financial reports with the SEC. Kraft Heinz previously received an initial notice on March 15 related to the delay in timely filing its Annual Report on Form 10-K for the FY18. Previously, Kraft Heinz timely submitted a plan to regain compliance to Nasdaq and in the notice received on May 17 Nasdaq also notified Kraft Heinz that it had been granted until September 11 to regain compliance with Nasdaq Listing Rule 5250 by filing the Form 10-K and Form 10-Q and complying with certain other terms outlined in the notice. Kraft Heinz currently expects to cooperate with Nasdaq to comply with such terms.