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Hain Celestial Gets Nasdaq Warning

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19

MELVILLE, N.Y. (AP) -- Hain Celestial Group Inc., which makes natural and organic food and personal care products, said Friday the Nasdaq Stock Market warned it is subject to delisting for failing to file its report for the quarter ended Sept. 30 on time.

Hain, which received the notice on Wednesday, has been conducting an independent review of its stock options practices. The review delayed its quarterly report, as well as its report for the fiscal year ended June 30.

The company previously disclosed a prior delisting notice from the Nasdaq for failing to file its annual report. Hain met with a Nasdaq panel on Oct. 31 after it requested a hearing and for continued listing on the exchange.

Pending a decision by the panel, Hain Capital shares will remain listed on the Nasdaq, the company said.

Shares of Hain Capital added 27 cents to close at $31.23.

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