Business Context and Reporting Period
Company: comScore, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 18, 2017
Event: Notice of delisting from The Nasdaq Global Select Market.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance and listing status.
Material Changes
- Delisting Action: The NASDAQ Stock Market LLC filed a Form 25 with the SEC to remove comScore's common stock from listing, effective at the opening of business on May 30, 2017.
- Trading Status: Trading was previously suspended on Nasdaq effective February 8, 2017. The stock is currently quoted on the OTC Markets under the symbol SCOR.
- Compliance Failures: The delisting is due to non-compliance with:
- Nasdaq Listing Rule 5250(c)(1): Failure to timely file required periodic financial reports with the SEC.
- Nasdaq Listing Rule 5620(a): Failure to hold an annual meeting of stockholders for fiscal year 2015 by December 31, 2016.
Outlook, Management Commentary, and Risks
Management Commentary: The Company states it is committed to regaining compliance with SEC filing requirements and seeks to relist its common stock on a major exchange as soon as possible.
Forward-Looking Disclaimer: The Company explicitly disclaims any intention to update this Current Report to disclose further actions taken after the filing date.
Risks: The primary risk identified is the loss of listing on a major exchange and the associated liquidity constraints of trading on the OTC Markets, stemming from ongoing regulatory filing deficiencies.
Investor Verification Checklist
- Verify the current trading status and volume of comScore stock on the OTC Markets (Symbol: SCOR).
- Confirm whether the Company has subsequently filed the missing periodic financial reports required by the SEC.
- Check for any announcements regarding the scheduling of the missed 2015 annual stockholder meeting.
- Monitor for any future 8-K filings regarding the outcome of relisting applications.