Pathward Financial Faces Delisting Notice

Ticker: CASH · Form: 8-K · Filed: Sep 2, 2025 · CIK: 907471

Sentiment: bearish

Topics: delisting, listing-standards, regulatory

TL;DR

PATH facing delisting notice - big trouble brewing.

AI Summary

On August 26, 2025, Pathward Financial, Inc. filed an 8-K to report a notice of delisting or failure to satisfy a continued listing rule or standard. The filing also includes Regulation FD disclosures and financial statements. Pathward Financial, Inc. was formerly known as Meta Financial Group Inc. and First Midwest Financial Inc.

Why It Matters

This filing indicates potential issues with Pathward Financial's compliance with listing standards, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant event that can lead to severe consequences for a company's stock.

Key Players & Entities

FAQ

What specific listing rule or standard has Pathward Financial, Inc. failed to satisfy?

The filing states a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule or standard in the provided text.

What is the date of the earliest event reported in this 8-K filing?

The earliest event reported is dated August 26, 2025.

What were Pathward Financial, Inc.'s former company names?

Pathward Financial, Inc. was formerly known as Meta Financial Group Inc. and First Midwest Financial Inc.

In which state was Pathward Financial, Inc. incorporated?

Pathward Financial, Inc. was incorporated in Delaware.

What is the address of Pathward Financial, Inc.'s principal executive offices?

The principal executive offices are located at 5501 South Broadband Lane, Sioux Falls, South Dakota 57108.

Filing Stats: 1,172 words · 5 min read · ~4 pages · Grade level 12.4 · Accepted 2025-09-02 16:15:26

Filing Documents

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 26, 2025, Pathward Financial, Inc. ("Pathward Financial" or the "Company") received an expected notice (the "Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"), indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q ("Form 10-Q") for the fiscal quarter ended June 30, 2025, as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the "SEC") on August 11, 2025 (the "Form 12b-25"). The Listing Rule requires listed companies to timely file all periodic reports with the SEC. The Company previously reported that it had received a similar Notice from Nasdaq on May 22, 2025 as a result of its failure to timely file its Form 10-Q for the fiscal quarter ended March 31, 2025. In accordance with Nasdaq's listing rules, the Company submitted a plan to regain compliance with the Listing Rule to Nasdaq, and Nasdaq granted the Company an extension to regain compliance with the Listing Rule until November 13, 2025. The Notice has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. The Company filed its amended Form 10-K for the fiscal year ended September 30, 2024 on August 29, 2025. As disclosed in the Form 12b-25 and the Company's Form 8-K filed on July 2, 2025, the Company is also in the process of amending its Form 10-Q for the fiscal quarter ended December 31, 2024 to restate certain financial statements contained therein and filing its Form 10-Qs for the fiscal quarters ended March 31, 2025 and June 30, 2025; respectively. The restatements related to the Company's gross vs. net basis presentation and derivative accounting, and financial reporting, of certain third-party lending

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 2, 2025, the Company issued a press release disclosing the receipt of the Notice. A copy of the press release is being furnished herewith as Exhibit 99.1. The information furnished in this Item 7.01 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Forward-Looking Statements

Forward-Looking Statements This report contains forward-looking statements which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's expectations as to the anticipated timing of filing of its delinquent Quarterly Reports on Form 10-Q and amendments to prior filings, and the Company's plan to regain compliance with the Listing Rule, as well as all statements that are not historical facts. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this press release due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the risk that the completion and filing of the Form 10-Q and other filings will take longer than expected and the risk that the Company will be unable to meet Nasdaq's continued listing requirements. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in reports filed with the SEC. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this report. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Registrant's Press Release dated September 2, 2025. 104 Cover Page Interactive Data File (the cover page iXBRL tags are embedded within the Inline XBRL document). SIGNATURE 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 hereunto duly authorized. PATHWARD FINANCIAL, INC. Date: September 2, 2025 By: /s/ Gregory A. Sigrist Gregory A. Sigrist Executive Vice President and Chief Financial Officer

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