First Consulting Group (FCG) has received a delisting notice from the Nasdaq stock exchange due to the Long Beach, CA, consulting firm's delay in filing its 10-K annual report with the U.S. Securities and Exchange Commission.
Nasdaq's listing qualifications staff informed FCG that its stock was subject to delisting as of April 11 due to its failure to file an annual report for the year ending December 31. FCG reported last week that it was delaying the report pending an ongoing review by management and external auditors of the accounting treatment of FCG's income tax provision for the year.
FCG plans to ask for a hearing before a Nasdaq listing qualifications panel to request continued listing on the stock exchange until it files its 10-K report.
By AuntMinnie.com staff writers
April 4, 2006
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