Trimble Inc. (NASDAQ: TRMB) received a deficiency notification letter from the Nasdaq Stock Market LLC on March 20. The notification indicated that the Westminster-based company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file its Annual Report on Form 10-K for the fiscal year 2024 with the Securities and Exchange Commission.
The Listing Rule mandates that Nasdaq-listed companies timely file all required periodic reports with the SEC. The notice does not immediately affect the listing or trading of the company’s common stock on the Nasdaq Global Select Market. According to Nasdaq’s rules, the company has 60 calendar days from the notice to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the Form 10-K’s due date, or until July 2, for compliance.
The company aims to take the necessary steps to regain compliance as soon as possible. During its earnings call on Feb. 19, Trimble noted that the audit process for fiscal year 2024 has been delayed due to the time needed to prepare and file an amendment to its Form 10-K for fiscal year 2023 and Quarterly Reports on Form 10-Q for the first three quarters of fiscal year 2024, all of which were filed on January 16. The company does not expect any differences in the financial results included in the 2024 Form 10-K compared to those presented in its February 19, 2025 press release. Trimble expects to file the 2024 Form 10-K as soon as practicable.
