Symantec Receives Notification of Deficiency from Nasdaq

Symantec Corp. received a standard notice from Nasdaq stating that, as a result of not having timely filed its annual report on Form 10-K for the year ended March 30, 2018, the company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the SEC.

The Nasdaq notice has no immediate effect on the listing or trading of Symantec’s common stock on the Nasdaq Global Select Market.

Under Nasdaq’s listing rules, Symantec has 60 calendar days from the date of the letter to submit a plan to regain compliance. If the plan is accepted by Nasdaq, Symantec can be granted an exception of up to 180 calendar days from the original due date of the Form 10-K, or until November 26, 2018, to regain compliance.

Symantec expects to submit a plan to regain compliance or file its Form 10-K within the timeline prescribed by Nasdaq.