Hauppauge, N.Y. — Audiovox has filed its Form 10-K for the fiscal year ended Nov. 30, 2004, with the Securities and Exchange Commission (SEC), avoiding being delisted by Nasdaq, said the company.
As previously announced, the late filing was due to the fact that the company's auditor required additional time to complete the fiscal 2002 audit of Audiovox and its subsidiaries, which included Audiovox Communications, the net assets of which were sold to UTStarcom last November.
As a result, Audiovox received a Nasdaq message indicating that the company had failed to comply with the filing requirement for continued listing set forth in the stock market’s rules. Audiovox was given a hearing date of April 7.
With this filing, Audiovox believes it has now complied with Nasdaq listing requirements.