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Nasdaq lets Black Box stay
Thursday, April 26, 2007

Lawrence-based Black Box Corp. said Nasdaq officials have granted the company's request to remain listed on the stock exchange provided that the communications equipment and service provider complies with several conditions.

These include the submission by June 20 of required regulatory documents for last year's fiscal third quarter that ended Dec. 30. The filing delay prompted Nasdaq officials to warn the company in February that it could be removed from the stock exchange.

Also by June 20, Black Box is required to provide any necessary earnings restatements, as it said it would do last month, when the company announced that it would take a $63 million charge relating to past stock-option practices.

Lastly, Black Box will have to provide Nasdaq officials with "additional information" on its independent review of the company's stock options practices over previous years.

First published on April 26, 2007 at 11:33 am
Corilyn Shropshire can be reached at cshropshire@post-gazette.com or 412-263-1413.
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