Wind River Systems
has received a delisting notice from
, following its failure to file its quarterly earnings report on time.
The Alameda, Calif., maker of embedded software systems received the notice on Sept. 19, according to a Nasdaq compendium of companies which are not compliant with the its regulations.
The delisting threat was expected by Wind River, which said last week that it would not be able to file its quarterly report on time due to the ongoing internal investigation into historical stock option accounting practices.
Wind River joins dozens of other firms who have received delisting notices in the wake of the backdating controversy. Under Nasdaq regulations, any delay filing quarterly or annual financial reports automatically triggers a delisting notice. Companies can appeal the delisting notice to a special Nasdaq panel, and the stock remains listed in the interim.
Shares of Wind River were off 3.25%, or 35 cents, at $10.43 in recent trading Friday.