Make us your home page
Instagram

Still trying to restate its numbers, Tech Data faces new Nasdaq deadline

Clearwater technology products distributor Tech Data Corp. is still working on its plan to restate financial "improprieties" tied to vendor accounting at the company's United Kingdom subsidiary. As a result, the company — Tampa Bay's largest public corporation by revenues — on Friday said it received a noncompliance notice from Nasdaq, where the public company trades its shares.

The company has not met a rule requiring the timely filing of its "10-Q" quarterly statement with the Securities and Exchange Commission for the quarter ending July 31. Tech Data already has received similar notices for delayed filings of earlier quarterly and annual filings.

The company announced on March 21 that it will restate some or all of its previously issued quarterly and audited annual financial statements for the fiscal years 2011, 2012 and 2013. Until then, the company said it will not announce current fiscal year earnings until the restatement of those periods is complete.

The latest 10-Q notice from Nasdaq requires Tech Data to update its compliance plan no later than Sept. 26. The company said it intends to file its update as soon as possible.

Still trying to restate its numbers, Tech Data faces new Nasdaq deadline 09/13/13 [Last modified: Friday, September 13, 2013 9:05pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Sunday Supper returns with 25 chefs, food fests galore

    Food & Dining

    Save the date: SUNDAY SUPPER

    This just might be the dinner of the year. The Bern's family of restaurants has organized a James Beard Foundation fundraiser to fund the Bern Laxer Memorial Scholarship for culinary students in the state of Florida for a number of years. But this week they announced the …

    Bern’s Steak House located at 1208 S Howard Ave, Tampa on Wednesday 2/19014
  2. Locale Market changes yet again, rebranding the restaurant as FarmTable Cucina

    Food & Dining

    When Locale Market opened in Sundial St. Pete in Dec. 2014, it was the most-hyped, most-anticipated gourmet market/food hall/culinary playground Tampa Bay had ever seen. Since then, celebrity chef-owner Michael Mina has done what every entrepreneur does in the face of challenges: tinker.

    Chef Michael Mina and chef Jeffrey Hileman work in the kitchen at Farmtable Kitchen in 2016. EVE EDELHEIT   |   Times
  3. U.S. home construction tumbles 4.7 percent in September

    Working Life

    WASHINGTON — Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building.

    Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building.  [Associated Press file photo]

  4. Agreement means Spectrum won't lose Viacom programming

    Business

    Less than a week after disputes between two cable industry conglomerates became public, the two companies have reached an agreement.

    Viacom and Charter Communications released a joint statement that the companies reached an agreement in principle. Charter also markets itself as Spectrum. [AP file photo]
  5. Wing of Channelside Bay Plaza being demolished to make way for Water Street Tampa

    Business

    TAMPA — The original developers of Channelside Bay Plaza at first wanted the name of the complex to include the word "Garrison." That would have fit, because the center turned out to be fort-like, inwardly focused and unwelcoming.

    A pedestrian bridge in the southwest wing of Channelside Bay Plaza was demolished in Tampa on Wednesday, Oct. 18, 2017. [Gabriella Angotti-Jones  | Times]