Nobility Homes Receives NASDAQ Notice of Non-Compliance; Intends to Request a Hearing
Nobility Homes, Inc. (Nasdaq: NOBH) announced today that it received letters from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) because the Company did not timely file its Form 10-Q reports for the periods ended August 6, 2011 and February 4, 2012 and Form 10-K for the year ended November 5, 201 with the Securities and Exchange Commission.
As a result of these filing delays, the Staff's letter indicated that trading in the Company's securities would be suspended unless the Company timely requests a hearing before a NASDAQ Listing Qualifications Panel (the "Panel") and requests that the Panel stay any suspension action pending the conclusion of the hearing process.
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