Logitech Granted Nasdaq Extension for Compliance with Listing Rule
 

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced two procedural steps related to the delay in filing its FY 2014 10-K and Q1 FY 2015 10-Q with the U.S. Securities and Exchange Commission (SEC). First, the Company has been granted an exception by Nasdaq, extending the deadline to October 15, 2015 for complying with Listing Rule 5250(c)(1) by filing its 10-K and 10-Q. The exception was granted by Nasdaq based on a compliance plan submitted by Logitech in response to a previously announced Nasdaq request.

Second, as expected, Nasdaq issued a non-compliance notice regarding Logitech's delay in filing its 10-Q for the first quarter of FY 2015. The Q1 filing cannot be completed until the 10-K is filed. This notice also relates to Listing Rule 5250(c)(1), which requires the timely filing of these reports with the SEC. Nasdaq also requested an update to Logitech's original compliance plan.

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