Hansen gets Nasdaq delisting warning |
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Thu, 18 Jan 2007 07:26
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CORONA, Calif. (AFX) - Hansen Natural Corp., which makes energy drinks and natural sodas, on Wednesday said it has received another Nasdaq letter warning that the company faces delisting from the exchange.The company said it inadvertently issued an out-of-plan stock option to buy 12,000 shares to an outside director in November 2004, which was disclosed to the Securities and Exchange Commission on Jan. 10. The time within which the plan permitted the award of options had expired approximately four months earlier.Nasdaq previously warned the company that it faces delisting for its failure to file its financial report for the quarter ended Sept. 30.Hansen said in a statement it is exploring steps to resolve its issues with Nasdaq 'as expeditiously as possible.'Hansen shares fell 7 cents in aftermarket activity to $38.30.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Hansen notifies Nasdaq of broken rule 