Pathward Financial, Inc. Receives Expected Notice of Deficiency From Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward Financial, Inc. ("Pathward Financial" or the 'Company') (Nasdaq: CASH) received an expected notice (the 'Notice') from the Listing Qualifications Department of the Nasdaq Stock Market LLC ('Nasdaq') on May 22, 2025. The Notice indicated 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 March 31, 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 May 12, 2025. The Listing Rule requires listed companies to timely file all periodic reports with the SEC.
In accordance with Nasdaq's listing rules, the Company has 60 days after the date of the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the filing's due date, or until November 11, 2025, to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable.
The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq.
About Pathward Financial, Inc.
Pathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based financial holding company driven by its purpose to power financial inclusion. Through our subsidiary, Pathward®, N.A., we strive to increase financial availability, choice, and opportunity across our Partner Solutions and Commercial Finance business lines. These strategic business lines provide support to individuals and businesses. Learn more at www.pathwardfinancial.com.
Forward-Looking Statements
This press release 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 the Form 10-Q 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 will take longer than expected; uncertainties about the timing of the Company's submission of a compliance plan; Nasdaq's acceptance of any such plan; the duration of any extension that may be granted by Nasdaq; 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 press release. 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
NextDecade (NEXT) Soars 11.8% on Analyst's 'Buy' Reco
We recently published . NextDecade Corp. (NASDAQ:NEXT) is one of the stocks that soared higher on Tuesday. NextDecade rallied by 11.79 percent on Tuesday to close at $9.20 apiece as investor sentiment was bolstered by an investment firm's 'buy' recommendation on its stock. In a market note on Tuesday, TD Cowen raised its recommendation for NextDecade Corp.'s (NASDAQ:NEXT) stock to 'buy' from 'hold' previously, while increasing its price target to $11 from $9. The new price target represents a 19.56 percent upside from its latest closing price. A closeup of the Rio Grande LNG terminal facility, showing its massive scale. According to TD Cowen, the upgrade was based on optimism for the development of trains 4 and 5 at its Rio Grande LNG facility, which could bolster growth prospects faster than previously expected. However, TD Cowen noted that NextDecade Corp. (NASDAQ:NEXT) should provide additional financial transparency in relation to its final investment decision, which should boost investor confidence in its execution capabilities. NextDecade Corp. (NASDAQ:NEXT) is an LNG developer focusing on exporting LNG projects. While we acknowledge the potential of NEXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Upturn
an hour ago
- Business Upturn
NetApp Appoints Disruptive Innovator Syam Nair as Chief Product Officer, Underscoring its Commitment to Bold Product Vision
San Jose, Calif., United States: NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Syam Nair as its new Chief Product Officer (CPO), effective Monday, July 7, 2025. Nair succeeds Harv Bhela, who concluded his tenure in June following a successful chapter of product leadership. This press release features multimedia. View the full release here: Syam Nair, Chief Product Officer at NetApp Nair is a former Salesforce and Microsoft executive renowned as a maverick innovator in the industry, bringing over 25 years of experience in scaling cloud platforms and driving hyper-growth. In his new role, Nair will lead NetApp's product and engineering teams to accelerate innovation in hybrid cloud and AI offerings and advance NetApp's strategic vision for data-driven business growth. 'I am thrilled to welcome Syam to NetApp's leadership team. He joins us at a time when our customers are looking to NetApp to help them deliver data-enabled growth and productivity: not only must they innovate to stay ahead, but they must also simplify to improve productivity and agility. This is a balance Syam has mastered throughout his career,' said George Kurian, Chief Executive Officer at NetApp. 'Syam's proven track record – from building planet-scale Azure data services at Microsoft to spearheading hyper-scale platforms like Salesforce Data Cloud – is exactly what we need as we sharpen our focus on high-growth markets. Importantly, he's not only a brilliant technologist but also a people-first leader who builds teams grounded in integrity and a growth mindset. Under Syam's product leadership, I'm confident NetApp will deliver even more innovation and value for customers, and strengthen our position as a cloud, data and AI leader, and remain at the forefront of what's next.' Syam Nair joins NetApp from Zscaler, where he served as Chief Technology Officer and Executive Vice President of Research & Development. Nair brings more than two decades of engineering and product development leadership, with expertise in incubating new technologies from the ground up and leading large teams through transformations at scale. During his tenure at Microsoft, Nair was part of the leadership team that built and expanded globally distributed Azure data services. At Salesforce, his leadership pioneered industry-defining innovations including Salesforce Data Cloud, the next generation Agentic platform that significantly advanced the company's AI-powered customer engagement capabilities. 'I'm excited to join NetApp at such a pivotal time in the industry. Enterprises are embracing cloud and AI to transform their operations, and NetApp is uniquely positioned to help them succeed with its rich portfolio and talent,' said Syam Nair, Chief Product Officer at NetApp. 'I've spent my career tackling complex technological challenges and leading teams through transformations for hyper-growth. I'm thrilled to bring that experience to NetApp. We will set a bold vision for the future of hybrid cloud data services and execute with a growth mindset and relentless focus on customer success. NetApp has an inspiring mission and a values-driven culture and I'm honored to be part of the team and eager to drive the next wave of innovation for our customers and partners.' About NetApp NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data, operational and workload services to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry's best data management. As the only enterprise-grade storage service natively embedded in the world's biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at or follow us on X , LinkedIn , Facebook , and Instagram . NETAPP, the NETAPP logo, and the marks listed at are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
an hour ago
- Business Upturn
Jørgen Vig Knudstorp Nominated to Join NIKE, Inc. Board of Directors
By Business Wire India Published on June 25, 2025, 10:45 IST Beaverton, Ore., United States: NIKE, Inc. (NYSE:NKE) today announced Jørgen Vig Knudstorp has been nominated for election to its Board of Directors at the Company's 2025 annual meeting of shareholders, to be held on September 9, 2025. Mr. Knudstorp was President and Chief Executive Officer of the LEGO Group ('LEGO') from 2004 to 2016, Executive Chair of LEGO Brand Group from 2017 to 2023 and currently serves as Deputy Chair of the LEGO Foundation. He previously held various leadership positions at LEGO from 2001 to 2004. 'Jørgen's strong global experience with brand and digital marketing, strategy, and consumer products, as well as his development and fostering of culture and values, will make him an excellent addition to our board,' said Mark Parker, Executive Chairman of NIKE, Inc. 'We look forward to working with Jørgen during an exciting time for NIKE where we will unlock our next chapter of growth through innovative product and distinctive brand storytelling across an integrated marketplace.' Prior to joining LEGO, Mr. Knudstorp served as a management consultant at McKinsey & Company. He also holds a master's degree and a PhD in economics and business management from Aarhus University. Mr. Knudstorp is also the lead independent director of Starbucks Corporation and Partner and Executive Advisor of Innovation Endeavors. About NIKE, Inc. NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.'s earnings releases and other financial information are available on the Internet at Individuals can also visit and follow NIKE on LinkedIn, Instagram and YouTube. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
