American Vanguard Receives NYSE Notice Regarding Delayed 10-K Filing
American Vanguard (NYSE: AVD) has received a notice from the New York Stock Exchange regarding non-compliance with Section 802.01E of the NYSE Listed Company Manual due to delayed filing of its 2024 Annual Report (Form 10-K). The company was unable to file within the 15-day extension period under Rule 12b-25, citing the need for additional time, resources, and effort to complete its year-end reporting process.
The company is actively working to complete the necessary documentation and expects to maintain its NYSE listing while finalizing the Form 10-K. Additionally, AVD has secured an amendment to its credit facility with senior lenders, extending the deadline for providing audited financial statements from 90 to 120 days after December 31, 2024.
American Vanguard (NYSE: AVD) ha ricevuto una comunicazione dalla Borsa di New York riguardo alla non conformità con la Sezione 802.01E del Manuale delle Società Quotabili NYSE a causa del ritardo nella presentazione del suo Rapporto Annuale 2024 (Modulo 10-K). L'azienda non è riuscita a presentare il rapporto entro il periodo di estensione di 15 giorni previsto dalla Regola 12b-25, citando la necessità di ulteriore tempo, risorse e impegno per completare il processo di reporting di fine anno.
L'azienda sta lavorando attivamente per completare la documentazione necessaria e si aspetta di mantenere la sua quotazione NYSE mentre finalizza il Modulo 10-K. Inoltre, AVD ha ottenuto un emendamento alla sua linea di credito con i finanziatori senior, estendendo la scadenza per la fornitura dei bilanci auditati da 90 a 120 giorni dopo il 31 dicembre 2024.
American Vanguard (NYSE: AVD) ha recibido un aviso de la Bolsa de Nueva York sobre el incumplimiento de la Sección 802.01E del Manual de Empresas Cotizadas de NYSE debido al retraso en la presentación de su Informe Anual 2024 (Formulario 10-K). La empresa no pudo presentar dentro del período de extensión de 15 días bajo la Regla 12b-25, citando la necesidad de más tiempo, recursos y esfuerzo para completar su proceso de informes de fin de año.
La empresa está trabajando activamente para completar la documentación necesaria y espera mantener su cotización en NYSE mientras finaliza el Formulario 10-K. Además, AVD ha asegurado una enmienda a su línea de crédito con prestamistas senior, extendiendo el plazo para proporcionar estados financieros auditados de 90 a 120 días después del 31 de diciembre de 2024.
아메리칸 반가드 (NYSE: AVD)는 연례 보고서 2024년 연간 보고서 (양식 10-K) 제출 지연으로 인해 NYSE 상장 회사 매뉴얼 제802.01E 조항을 준수하지 않았다는 통지를 뉴욕 증권 거래소로부터 받았습니다. 회사는 12b-25 규정에 따른 15일 연장 기간 내에 제출할 수 없었으며, 연말 보고서 프로세스를 완료하기 위해 추가 시간, 자원 및 노력이 필요하다고 언급했습니다.
회사는 필요한 문서를 완성하기 위해 적극적으로 작업하고 있으며, Form 10-K를 마무리하는 동안 NYSE 상장을 유지할 것으로 예상하고 있습니다. 또한 AVD는 주요 대출자와의 신용 시설에 대한 개정을 확보하여 2024년 12월 31일 이후 감사된 재무제표를 제공하는 기한을 90일에서 120일로 연장했습니다.
American Vanguard (NYSE: AVD) a reçu un avis de la Bourse de New York concernant le non-respect de la Section 802.01E du Manuel des Sociétés Cotées de la NYSE en raison d'un retard dans le dépôt de son Rapport Annuel 2024 (Formulaire 10-K). L'entreprise n'a pas pu déposer dans le délai de 15 jours accordé par la Règle 12b-25, invoquant la nécessité de plus de temps, de ressources et d'efforts pour finaliser son processus de reporting de fin d'année.
L'entreprise travaille activement à la finalisation de la documentation nécessaire et s'attend à maintenir son inscription à la NYSE tout en finalisant le Formulaire 10-K. De plus, AVD a obtenu un amendement à sa ligne de crédit avec les prêteurs seniors, prolongeant le délai de fourniture des états financiers audités de 90 à 120 jours après le 31 décembre 2024.
American Vanguard (NYSE: AVD) hat eine Mitteilung von der New Yorker Börse bezüglich der Nichteinhaltung von Abschnitt 802.01E des NYSE-Handbuchs für börsennotierte Unternehmen erhalten, da die Einreichung des Jahresberichts 2024 (Formular 10-K) verspätet war. Das Unternehmen war nicht in der Lage, innerhalb der 15-tägigen Verlängerungsfrist gemäß Regel 12b-25 einzureichen und verwies auf den Bedarf an zusätzlicher Zeit, Ressourcen und Aufwand, um den Jahresabschlussprozess abzuschließen.
Das Unternehmen arbeitet aktiv daran, die erforderliche Dokumentation abzuschließen, und erwartet, dass es seine NYSE-Notierung beibehalten kann, während es das Formular 10-K finalisiert. Darüber hinaus hat AVD eine Änderung seiner Kreditfazilität mit den Hauptgläubigern gesichert, die die Frist für die Bereitstellung der geprüften Finanzberichte von 90 auf 120 Tage nach dem 31. Dezember 2024 verlängert.
- Secured extension from senior lenders for financial statement submission
- Expected to maintain NYSE listing during resolution period
- Failure to file 2024 Form 10-K annual report on time
- Non-compliance with NYSE listing requirements
- Need for extended time to complete year-end reporting indicates potential internal control or accounting issues
The Company determined it would not be able to file the Form 10-K within the 15-day extension period under Rule 12b-25 and needs additional time, resources and effort to complete its year-end reporting process. Accordingly, the Company is working diligently to complete the necessary work to make the filing as soon as possible. The Company can regain compliance with listing standards by completing the filing and expects its common stock to continue to be listed on the NYSE as it completes the Form 10-K.
The Company has also entered into an amendment to its credit facility with its senior lenders, extending from 90 to 120 days (as measured from December 31, 2024) the period of time by which it is required to provide audited financial statements to such lenders for the December 31, 2024, fiscal year. Please see the related Current Report on the Form 8-K filing filed with the SEC for additional information.
About American Vanguard
American Vanguard Corporation is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Over the past 20 years, through product and business acquisitions, the Company has significantly expanded its operations and now has more than 1,000 product registrations worldwide. To learn more about the Company, please reference www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release the matters set forth in this press release include forward-looking statements. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” These forward-looking statements are based on the current expectations and estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include statements regarding the Company’s expectations as to the timing and ability to file the Company’s Form 10-K and to comply with the applicable NYSE listing standards and other risks as detailed from time-to-time in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250404564385/en/
Company Contact
American Vanguard Corporation
Anthony Young, Director of Investor Relations
anthonyy@amvac.com
(949) 221-6119
Investor Representative
Alpha IR Group
Robert
Robert.winters@alpha-ir.com
(929) 266-6315
Source: American Vanguard Corporation
FAQ
Why did American Vanguard (AVD) receive a notice from NYSE in April 2025?
Will American Vanguard (AVD) be delisted from NYSE due to the delayed 10-K filing?
What extension did AVD secure from its senior lenders for the 2024 financial statements?
How long was the original extension period for AVD's 10-K filing under Rule 12b-25?
