Business Context and Reporting Period
Company: AVIAT NETWORKS, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: June 28, 2016
Reporting Period: The filing addresses events occurring between January 4, 2016, and June 28, 2016, specifically regarding Nasdaq listing compliance.
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding corporate governance and listing status. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
- Regaining Compliance: On June 28, 2016, the Company received notification from The Nasdaq Stock Market that it had regained compliance with Nasdaq Listing Rule 5450(a)(1).
- Stock Price Recovery: Compliance was achieved because the closing bid price of the Company's common stock was $1.00 per share or greater for a period of 10 consecutive business days.
- Prior Status: On January 4, 2016, the Company had received notice of non-compliance because the stock failed to maintain a minimum closing bid price of $1.00 for 30 consecutive business days.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of the listing deficiency via a press release issued on June 29, 2016 (Exhibit 99.1).
Risks and Contingencies: The primary risk addressed was the potential delisting due to failure to maintain the minimum bid price. This risk has been mitigated as of the report date.
Guidance: No forward-looking financial guidance or operational outlook is provided in this document.
Investor Verification Checklist
- Verify the current trading price of AVIAT Networks stock to ensure it remains above the $1.00 threshold to maintain listing status.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the stock price recovery.
- Check subsequent filings to confirm no new notices of non-compliance have been issued by Nasdaq.
- Consult the Company's most recent 10-Q or 10-K for actual financial performance data, as this 8-K contains none.