Frozen Food Express delays Form 10-K filing

April 1, 2006
Frozen Food Express Industries Inc has received a written staff determination notice from the NASDAQ stock market system stating that the company is not

Frozen Food Express Industries Inc has received a written staff determination notice from the NASDAQ stock market system stating that the company is not in compliance with Marketplace Rule 4310(c)(14). The Dallas TX-based temperature-controlled carrier has not filed its annual report on Form 10-K for 2005 in a timely manner; therefore, its securities are subject to delisting from NASDAQ.

The company disclosed March 17, 2006, that its filing of its annual report on Form 10-K for 2005 would be delayed to allow for the completion of a continuing audit committee investigation. This investigation is exploring allegations about questionable billing practices and other operational matters and the ongoing review of its internal controls over financial reporting.

Frozen Food Express plans to request a hearing before a NASDAQ listing qualifications panel to review the staff determination. Delisting will be stayed pending a decision by the hearing panel.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!