Trimble Inc. (NASDAQ: TRMB) recently received a deficiency notification letter from the Nasdaq Stock Market LLC on March 20, 2025, indicating that the company is not in compliance with Nasdaq listing rule 5250(c)(1) due to its failure to timely file its annual report on Form 10-K for the period ended January 3, 2025, with the Securities and Exchange Commission (SEC).
The company has 60 calendar days after the notice to submit a plan to regain compliance with the listing rule, and Nasdaq may grant an extension of up to 180 calendar days from the Form 10-K’s due date, or until July 2, 2025, for the company to regain compliance.
On the earnings call on February 19, 2025, Trimble discussed that the audit process for fiscal year 2024 was delayed due to the time required to prepare and file an amendment to the company’s Form 10-K for fiscal year 2023 and the quarterly reports on Form 10-Q for the first three quarters of fiscal year 2024. These reports were filed on January 16, 2025.
Despite the delay, the company does not anticipate any differences between the financial results included in the 2024 Form 10-K and those presented in the company’s press release dated February 19, 2025, announcing the financial results for its fourth quarter and fiscal year ended January 3, 2025. Trimble expects to file the 2024 Form 10-K as soon as practicable. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $70.3. For the full picture, make sure to review Trimble's 8-K report.
