Hayes Lemmerz Receives Delisting Notice from NASDAQ
May 18, 2009 1:42 PM
Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) announced today that on May 12, the NASDAQ Stock Market notified the company that, in accordance with Listing Rules 5100 and 5110(b), as a result of the company's filing of petitions under Chapter 11 of the United States Bankruptcy Code, the company's common stock will be delisted by NASDAQ and trading will be suspended at the opening of business on May 21.
As required by NASDAQ Listing Rule 5250(b)(2) and as previously disclosed, the company also said that its audited financial statements included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2009, contained a going concern qualification from the company's independent registered public accounting firm.
As announced on May 11, the company, certain of its U.S. subsidiaries and one (non-operating) international subsidiary filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware.
More information on the Company's restructuring is available on the "Restructuring Information" page on the Company's website, or through the company's Restructuring Information Hotline, 888.753.5296 (for calls in the USA) or +1.734.737.5086 (for calls outside the USA).
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