Imperial Sugar Company Reports Compliance with NASDAQ Listing Rules

Imperial Sugar Company IPSU filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2011 with the SEC on January 6, 2012, regaining compliance with NASDAQ listing rules. On January 3, 2012 the Company received a letter from NASDAQ indicating that the Company was not in compliance with NASDAQ's listing rules (Listing Rule 5250(c)(1)), as it had not filed its 2011 Form 10-K timely. As previously reported, the Company had not received audited financial statements from Louisiana Sugar Refining, LLC, a significant equity method investee, to allow the Company and its auditors to place reliance on such financial statements in its SEC filings. As a result, the Company was unable to file its 2011 Form 10-K timely.