NASDAQ: Radio One Late With Quarterly Report Filing
May 18, 2007 at 2:26 PM (PT)
RADIO ONE says that it received an additional Staff Determination Notice from NASDAQ due to the delay in filing its quarterly 10-Q report for first quarter. The company says the delay was caused because it had not completed the restatement of its earnings due to a review of stock option procedures.
RADIO ONE had previously received a NASDAQ Staff Determination Notice for failure to timely file its annual report for 2006 and is awaiting a ruling on its request for an extension of the time period for filing that report.