Taleo, a provider of talent management solutions, received a letter on April 3 from NASDAQ indicating that it is not currently in compliance with the continued NASDAQ listing requirements and was in danger of being de-listed. Taleo had failed to file its Form 10-K for the year ended December 31, 2008.
Taleo said the delay in filing the Form 10-K was due to its accounting practice review, which it concluded on March 23, 2009. The March NASDAQ letter, which was expected, requires that Taleo submit an update by April 14, 2009 to its original and supplemental plans to regain compliance with respect to the filing requirement.
The company said they are working quickly to complete its delayed filings and expects to file the Form 10-K, and its quarterly report on Form 10-Q for the quarter ended September 30, 2008, by April 30, 2009.
Upon filing the Form 10-K and Form 10-Q, Taleo will again become compliant with NASDAQ.
Popularity: unranked [?]
May 1st, 2009 at 12:24 pm
Taleo filed its financials yesterday April 30, 2009 including the 10k for 2008 and 10Q for Q3 2008. These have been accepted by NASDAQ and Taleo is now officially compliant with their listing requirements.
Now we can get back to building talent management solutions to help our customers deal with a challenging business environment.
Al Campa
Chief Marketing Officer
Taleo