Trimble receives expected notification of deficiency from Nasdaq related to delayed filing of annual report on Form 10-K for fiscal 2024
Trimble (NASDAQ: TRMB) has received a deficiency notification from Nasdaq on March 20, 2025, due to delayed filing of its 2024 Form 10-K annual report. The company has 60 calendar days to submit a compliance plan, with Nasdaq potentially granting an extension until July 2, 2025.
The delay stems from additional time required to prepare and file amendments to the 2023 Form 10-K and quarterly reports for the first three quarters of 2024, which were filed on January 16, 2025. Trimble maintains that the final 2024 Form 10-K financial results are expected to align with those announced in their February 19, 2025 press release.
The notification has no immediate impact on Trimble's listing or trading status on the Nasdaq Global Select Market. The company has expressed its intention to take necessary steps to regain compliance with Nasdaq's listing rules as soon as possible.
Trimble (NASDAQ: TRMB) ha ricevuto una notifica di carenza da Nasdaq il 20 marzo 2025, a causa del ritardo nella presentazione del suo rapporto annuale Form 10-K per il 2024. L'azienda ha 60 giorni di calendario per presentare un piano di conformità, con Nasdaq che potrebbe concedere un'estensione fino al 2 luglio 2025.
Il ritardo è dovuto al tempo aggiuntivo necessario per preparare e presentare le modifiche al Form 10-K del 2023 e ai rapporti trimestrali per i primi tre trimestri del 2024, che sono stati presentati il 16 gennaio 2025. Trimble sostiene che i risultati finanziari finali del Form 10-K del 2024 dovrebbero allinearsi con quelli annunciati nel comunicato stampa del 19 febbraio 2025.
La notifica non ha impatti immediati sullo status di quotazione o di trading di Trimble sul Nasdaq Global Select Market. L'azienda ha espresso l'intenzione di adottare le misure necessarie per ripristinare la conformità alle regole di quotazione di Nasdaq il prima possibile.
Trimble (NASDAQ: TRMB) ha recibido una notificación de deficiencia de Nasdaq el 20 de marzo de 2025, debido al retraso en la presentación de su informe anual Form 10-K del 2024. La compañía tiene 60 días calendario para presentar un plan de cumplimiento, con Nasdaq posiblemente otorgando una extensión hasta el 2 de julio de 2025.
El retraso se debe al tiempo adicional requerido para preparar y presentar enmiendas al Form 10-K de 2023 y los informes trimestrales de los primeros tres trimestres de 2024, que se presentaron el 16 de enero de 2025. Trimble sostiene que los resultados financieros finales del Form 10-K de 2024 se espera que estén alineados con los anunciados en su comunicado de prensa del 19 de febrero de 2025.
La notificación no tiene un impacto inmediato en el estado de cotización o negociación de Trimble en el Nasdaq Global Select Market. La compañía ha expresado su intención de tomar las medidas necesarias para recuperar la conformidad con las reglas de cotización de Nasdaq lo antes posible.
Trimble (NASDAQ: TRMB)는 2025년 3월 20일에 2024년 연례 보고서인 Form 10-K의 제출 지연으로 인해 Nasdaq으로부터 결함 통지를 받았습니다. 회사는 60일의 기간 내에 준수 계획을 제출해야 하며, Nasdaq은 2025년 7월 2일까지 연장을 허용할 수 있습니다.
지연은 2023년 Form 10-K 및 2024년 첫 세 분기의 분기 보고서에 대한 수정 사항을 준비하고 제출하는 데 추가 시간이 필요했기 때문이며, 이 보고서는 2025년 1월 16일에 제출되었습니다. Trimble은 2024년 Form 10-K의 최종 재무 결과가 2025년 2월 19일 발표된 내용과 일치할 것으로 예상하고 있습니다.
이 통지는 Trimble의 Nasdaq Global Select Market에서의 상장이나 거래 상태에 즉각적인 영향을 미치지 않습니다. 회사는 가능한 한 빨리 Nasdaq의 상장 규정을 준수하기 위해 필요한 조치를 취할 의사를 밝혔습니다.
Trimble (NASDAQ: TRMB) a reçu une notification de carence de la part de Nasdaq le 20 mars 2025, en raison du retard dans le dépôt de son rapport annuel Form 10-K pour 2024. L'entreprise dispose de 60 jours calendaires pour soumettre un plan de conformité, Nasdaq pouvant éventuellement accorder une prolongation jusqu'au 2 juillet 2025.
Le retard provient du temps supplémentaire nécessaire pour préparer et déposer des modifications au Form 10-K de 2023 et aux rapports trimestriels pour les trois premiers trimestres de 2024, qui ont été déposés le 16 janvier 2025. Trimble maintient que les résultats financiers finaux du Form 10-K de 2024 devraient être alignés avec ceux annoncés dans leur communiqué de presse du 19 février 2025.
La notification n'a aucun impact immédiat sur le statut de cotation ou de négociation de Trimble sur le Nasdaq Global Select Market. L'entreprise a exprimé son intention de prendre les mesures nécessaires pour retrouver la conformité avec les règles de cotation de Nasdaq dès que possible.
Trimble (NASDAQ: TRMB) hat am 20. März 2025 eine Mangelbenachrichtigung von Nasdaq erhalten, aufgrund der verspäteten Einreichung seines Jahresberichts Form 10-K für 2024. Das Unternehmen hat 60 Kalendertage Zeit, um einen Compliance-Plan einzureichen, wobei Nasdaq möglicherweise eine Fristverlängerung bis zum 2. Juli 2025 gewähren könnte.
Die Verzögerung resultiert aus der zusätzlichen Zeit, die benötigt wird, um Änderungen am Form 10-K für 2023 und den Quartalsberichten für die ersten drei Quartale von 2024 vorzubereiten und einzureichen, die am 16. Januar 2025 eingereicht wurden. Trimble ist der Ansicht, dass die endgültigen finanziellen Ergebnisse des Form 10-K für 2024 voraussichtlich mit denen übereinstimmen, die in ihrer Pressemitteilung vom 19. Februar 2025 bekannt gegeben wurden.
Die Benachrichtigung hat keine unmittelbaren Auswirkungen auf den Listing- oder Handelsstatus von Trimble am Nasdaq Global Select Market. Das Unternehmen hat seine Absicht bekundet, die notwendigen Schritte zu unternehmen, um so schnell wie möglich die Einhaltung der Nasdaq-Listing-Regeln wiederherzustellen.
- No immediate impact on Nasdaq listing status
- Expected financial results align with February 19 announcement
- Previous delayed filings successfully completed on January 16, 2025
- Failure to file 2024 Form 10-K annual report on time
- Receipt of Nasdaq deficiency notice
- Delayed audit process affecting timely financial reporting
- Risk of potential Nasdaq delisting if compliance is not achieved
Insights
Trimble's Nasdaq deficiency notification represents a relatively routine procedural issue rather than a fundamental business concern. The company has failed to file its FY2024 10-K on time, triggering automatic compliance procedures under Nasdaq Listing Rule 5250(c)(1). This notice gives Trimble 60 days to submit a compliance plan, after which Nasdaq may grant an extension of up to 180 calendar days (until July 2, 2025) to file the required reports.
The important context here is that the delay stems from previous filing backlogs that have already been addressed. Trimble needed extra time due to the recent January 16, 2025 filings of their amended 2023 10-K and the first three quarterly reports for 2024. The company explicitly states it doesn't expect the eventual 10-K financial results to differ from what was published in their February earnings release.
While filing delays are never ideal from a governance perspective, this situation appears to be a cascading effect from previous reporting delays rather than indicating new accounting problems or financial irregularities. Notably, the company has already taken corrective action by filing the previously delayed reports, and management appears confident in meeting compliance requirements within the prescribed timeframe.
The procedural nature of this notification, coupled with Trimble's clear explanation and remediation path, suggests minimal long-term impact for investors. No trading restrictions have been imposed, and the company has multiple pathways to resolve the issue while maintaining its Nasdaq listing.
The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days after the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, following receipt of such plan, Nasdaq may grant an extension of up to 180 calendar days from the Form 10-K's due date, or until July 2, 2025, for the Company to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable.
As discussed on the Company's earnings call on February 19, 2025, the Company's audit process for fiscal year 2024 has been delayed due to the time required to prepare and file (i) an amendment to the Company's Form 10-K for fiscal year 2023 and (ii) the Quarterly Reports on Form 10-Q for the first three quarters of fiscal year 2024, all of which were filed on January 16, 2025. Nothing has come to the Company's attention which causes it to believe that the financial results included in the 2024 Form 10-K will differ from those presented in the Company's press release dated February 19, 2025 announcing the financial results for its fourth quarter and fiscal year ended January 3, 2025. The Company expects to file the 2024 Form 10–K as soon as practicable.
Safe Harbor Statement
Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's expectations as to the anticipated timing of filing the 2024 Form 10-K and completion of the Company's audit for fiscal year 2024 and statements relating to the Company's plan to regain compliance with Nasdaq's listing rules, as well as all statements that are not historical facts. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this Current Report due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the expected timing and results of the Company's audit for fiscal year 2024; the risk that the completion and filing of the 2024 Form 10-K will take longer than expected; uncertainties about the timing of the Company's submission of a compliance plan; Nasdaq's acceptance of any such plan; the duration of any extension that may be granted by Nasdaq; and the risk that the Company will be unable to meet Nasdaq's continued listing requirements. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in reports filed with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this press release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.
About Trimble
Trimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds to improve our customers' productivity, quality, safety, transparency and sustainability. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.
Michael Leyba
Investor Relations
415-309-3127
michael_leyba@trimble.com
Eric Harris
Director of Strategic Communications
303-588-6167
eric_harris@trimble.com
FTRMB
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SOURCE Trimble
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