Barnes & Noble Education Faces Delisting Concerns
Ticker: BNED · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1634117
Sentiment: bearish
Topics: delisting, listing-rules, financials
Related Tickers: BNED
TL;DR
BNED might get delisted, filing shows listing rule issues.
AI Summary
Barnes & Noble Education, Inc. filed an 8-K on February 27, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is also providing a Regulation FD disclosure and filing financial statements and exhibits.
Why It Matters
This filing indicates potential issues with the company's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued operation as a publicly traded entity.
Key Players & Entities
- Barnes & Noble Education, Inc. (company) — Registrant
- February 27, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 1-37499 (filing_number) — Commission File Number
- 46-0599018 (tax_id) — IRS Employer Identification No.
- 120 Mountainview Blvd. (address) — Principal executive offices
- Basking Ridge, NJ 07920 (address) — Principal executive offices
- (908) 991-2665 (phone_number) — Registrant's telephone number
FAQ
What specific listing rule or standard has Barnes & Noble Education, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated February 27, 2024.
What is the company's principal executive office address?
The principal executive offices are located at 120 Mountainview Blvd., Basking Ridge, NJ 07920.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number is 46-0599018.
What are the main items reported in this 8-K filing?
The filing includes a Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 809 words · 3 min read · ~3 pages · Grade level 10 · Accepted 2024-03-01 17:00:53
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share BNED New York S
- $1.00 — the " Common Stock "), had fallen below $1.00 per share over a period of 30 consecuti
Filing Documents
- d806764d8k.htm (8-K) — 25KB
- d806764dex991.htm (EX-99.1) — 13KB
- 0001193125-24-056155.txt ( ) — 160KB
- bned-20240227.xsd (EX-101.SCH) — 3KB
- bned-20240227_lab.xml (EX-101.LAB) — 17KB
- bned-20240227_pre.xml (EX-101.PRE) — 11KB
- d806764d8k_htm.xml (XML) — 3KB
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BARNES & NOBLE EDUCATION, INC. Date: March 1, 2024 By: /s/ Michael C. Miller Name: Michael C. Miller Title: Chief Legal Officer and Executive Vice President, Corporate Development & Affairs