SAN JOSE, Calif.--(BUSINESS WIRE)--
A10 Networks (NYSE: ATEN), a Reliable Security AlwaysTM
company, today announced it has received an expected notice from the New
York Stock Exchange (the “NYSE”) indicating that the company is not in
compliance with the NYSE’s continued listing requirements under the
timely filing criteria established in Section 802.01E of the NYSE Listed
Company Manual, given the company has not timely filed its Annual Report
on Form 10-K for the fiscal year ended December 31, 2017 (the “Form
10-K”) with the Securities and Exchange Commission (the “SEC”).
As previously disclosed, the Audit Committee of the company’s board of
directors, with the assistance of outside counsel, is currently
conducting an investigation regarding certain revenue recognition and
internal control matters. The investigation is focused on the time
period of the fourth quarter of 2015 through the fourth quarter of 2017
inclusive. The Audit Committee has not reached any conclusions because
the investigation is ongoing. Consequently, the company is not in a
position to file the Form 10-K until after the completion of the Audit
Committee’s investigation. The company continues to work diligently to
conclude this review and to file the Form 10-K with the SEC as soon as
possible.
The NYSE informed the company that, under the NYSE’s rules, the company
will have six months from April 2, 2018 to file the Form 10-K with the
SEC. The company can regain compliance with the NYSE’s continued listing
requirements at any time prior to such date by filing the Form 10-K with
the SEC. If the company fails to file the Form 10-K by the NYSE’s
six-month compliance deadline, then the NYSE may grant, at its sole
discretion, a further extension of up to six additional months for the
company to regain compliance, depending on the specific circumstances.
About A10 Networks
A10 Networks (NYSE: ATEN) is a Reliable Security AlwaysTM
company, providing a range of high-performance application networking
solutions that help organizations ensure that their data center
applications and networks remain highly available, accelerated and
secure. Founded in 2004, A10 Networks is based in San Jose, Calif., and
serves customers globally with offices worldwide. For more information,
visit: www.a10networks.com
and @A10Networks.
The A10 logo, A10 Networks, A10 Thunder, Reliable Security Always and
Secure Application Services are trademarks or registered trademarks of
A10 Networks, Inc. in the United States and other countries. All other
trademarks are the property of their respective owners.
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Investor Contact:
The Blueshirt Group
Maria Riley &
Chelsea Lish, 415-217-7722
investors@a10networks.com
or
Media
and Analyst Contact
A10 Networks
Ben Stricker
bstricker@a10networks.com
Source: A10 Networks