Compass Minerals (NYSE: CMP) recently received a notice from the New York Stock Exchange (NYSE) regarding its filing delinquency. The company was unable to file its quarterly report on Form 10-Q for the quarter ended June 30, 2024, leading to non-compliance with the continued listing requirements under section 802.01e of the NYSE Listed Company Manual.
The company's noncompliance with this requirement has no immediate effect on the listing of its securities on the NYSE, and Compass Minerals plans to avail itself of the process provided by the NYSE to regain compliance. The company is diligently working to file the report as soon as possible.
As previously reported by Compass Minerals, the delay in filing the report was due to pending restatements of its unaudited financial statements from various periods, including the quarterly periods ended June 30, 2023, December 31, 2023, and March 31, 2024, as well as its audited financial statements for the period ended September 30, 2023.
Compass Minerals is a leading global provider of essential minerals, offering products that help keep roadways safe during winter weather and are utilized in consumer, industrial, chemical, and agricultural applications. The company's plant nutrition products aim to improve crop quality and yield, supporting sustainable agriculture, and it is also working on developing a long-term fire-retardant business.
The company operates 12 production and packaging facilities with nearly 2,000 employees throughout the U.S., Canada, and the U.K.
As of the last reported financial period, Compass Minerals had not yet filed its quarterly report on Form 10-Q for the quarter ended June 30, 2024. Therefore, there are no specific metrics or financial figures available for that period in the press release. Following these announcements, the company's shares moved -0.9%, and are now trading at a price of $9.74. For more information, read the company's full 8-K submission here.
