American Vanguard Corporation announced on April 2, 2025, that it received a notice from the New York Stock Exchange (NYSE) regarding non-compliance with Section 802.01E of the NYSE Listed Company Manual. This notice was issued due to the company's delay in filing its Annual Report on Form 10-K for the year ended December 31, 2024, with the Securities and Exchange Commission (SEC).
The company determined it would not be able to file the Form 10-K within the 15-day extension period under Rule 12b-25, citing the need for additional time, resources, and effort to complete its year-end reporting process. American Vanguard is working diligently to complete the filing as soon as possible and expects its common stock to remain listed on the NYSE during this period.
In connection with the delay, the company also entered into an amendment to its credit facility with senior lenders. This amendment extends the period by which it is required to provide audited financial statements to such lenders from 90 to 120 days, as measured from December 31, 2024.
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