Motive, Inc. Receives Notice From NASDAQ Related to Late Filing of Form 10-K
April 07 2006 - 7:30AM
Business Wire
Motive, Inc. (NASDAQ:MOTVE) today announced that the company
received a letter on April 3, 2006 from The Nasdaq National Market
stating that the company has failed to file its Annual Report on
Form 10-K for the year ended December 31, 2005 and, therefore, is
not in compliance with NASDAQ Marketplace Rule 4310(c)(14) and is
subject to delisting. NASDAQ Marketplace Rule 4310(c)(14) requires
that Motive make, on a timely basis, all filings with the
Securities and Exchange Commission (SEC), as required by the
Securities Exchange Act of 1934, as amended. NASDAQ rules also
require that Motive make a public announcement through the news
media which discloses receipt of the letter. Motive has previously
stated that it will require additional time to file its financial
reports with the SEC because of the company's decision to expand
its financial restatement to include periods dating back to 2001.
As a result, Motive will be unable to meet an April 13, 2006
deadline previously granted by NASDAQ. Accordingly, Motive's common
stock will be subject to delisting. If delisted, the company
expects its common stock to trade on the over-the-counter market
and the company intends to file for reinstatement with The Nasdaq
National Market as soon as possible after becoming current with its
periodic financial reports. About Motive, Inc. Motive, Inc.
(NASDAQ:MOTVE) has pioneered a unique approach to designing
management services into Internet-era networks, systems and
applications. Motive's software makes complex products and services
self-managing, reducing overhead costs and optimizing customers'
return on investment. Companies worldwide have relied on Motive's
software to provide a range of problem remediation and
configuration management tasks for more than 45 million endpoints.
Founded in 1997, Motive is headquartered in Austin, Texas, and has
offices in Europe and Asia. For more information, visit
www.motive.com. This press release contains forward-looking
statements. Actual events or results may differ materially from
those described in this press release. Additional information
concerning risk factors associated with our business can be found
in our filings with the Securities and Exchange Commission, which
are available at www.sec.gov. Statements included in this press
release are based upon information known to us as of the date of
this release, and we assume no obligation to update any information
contained in this press release. Motive and the Motive logo are
trademarks or registered trademarks of Motive, Inc. All other
products or services mentioned herein are trademarks of their
respective holders.
Motive (NASDAQ:MOTVE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Motive (NASDAQ:MOTVE)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Motive (MM) (NASDAQ): 0 recent articles
More Motive, Inc. News Articles