Nash Finch Gets Nasdaq Staff Determination

MINNEAPOLIS - Nash Finch Co. has received a delisting notice from Nasdaq for not filing its Form 10-Q for the third quarter on time.

In a press release Wednesday, the food retail and distribution company said it requested a hearing before the Nasdaq Listing Qualifications Panel to appeal the notice.

The request for a hearing will stay the delisting pending the outcome of the hearing.

Nash Finch said it will file the quarterly report as soon as possible. Effective Friday, the company's stock symbol will change to NAFCE.

On Nov. 21, Nash Finch said it would delay the filing of its 10-Q because of an internal review concerning the company's practices and procedures relating to certain promotional allowances. The review is focused on how the company assesses count-recount charges, which is also the subject of a previously announced informal inquiry being conducted by the Securities and Exchange Commission.

In Wednesday Nasdaq market trading Nash Finch fell 11 percent to $8.34. That is 75 percent off its 52-week high of $33.24 reached June 21.
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