May 23, 2013
Dover Reports NASDAQ Letter Of Non-Compliance
Littleton-based equestrian retailer Dover Saddlery announced that it received a deficiency letter from NASDAQ.
The letter was received on May 17 as a result of the company's failure to file its first-quarter financials with the federal Securities and Exchange Commission on time.
The issuance of a non-compliance letter is standard when a listed company doesn't file a financial report on time. Dover said it was required to disclose the receipt of the letter, but that it has no immediate effect on the listing or trading of its stock.
Last week, the company said it had delayed filing as it adjusts how gift cards are applied. Dover said it plans to file its first-quarter earnings with the SEC around May 31.
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