Fannie Mae (FNM) Receives Delisting Notification from NYSE
In Today's 8-K Filing: Under the listing standards of the New York Stock Exchange, or NYSE, the NYSE may initiate suspension and delisting proceedings when a listed company such as Fannie Mae (NYSE: FNM) (formally, the Federal National Mortgage Association) fails to file an Annual Report on Form 10-K, with the Securities and Exchange Commission, or SEC, in a timely manner. Fannie Mae has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2005.
The NYSE previously granted Fannie Mae's request for the continued listing of its common stock and other listed securities despite its status as a late filer. As part of its grant of this request, the NYSE has reviewed Fannie Mae's listing status quarterly. On December 6, 2006, Fannie Mae filed its Annual Report on Form 10-K for the year ended December 31, 2004. Fannie Mae has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2005, which was due on March 15, 2006, or its quarterly reports on Form 10-Q for the first three quarters of 2005 and 2006. Until the company is current in its SEC periodic reporting requirements, Fannie Mae must receive relief from the NYSE in order to maintain its listing status.
The NYSE previously granted Fannie Mae's request for the continued listing of its common stock and other listed securities despite its status as a late filer. As part of its grant of this request, the NYSE has reviewed Fannie Mae's listing status quarterly. On December 6, 2006, Fannie Mae filed its Annual Report on Form 10-K for the year ended December 31, 2004. Fannie Mae has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2005, which was due on March 15, 2006, or its quarterly reports on Form 10-Q for the first three quarters of 2005 and 2006. Until the company is current in its SEC periodic reporting requirements, Fannie Mae must receive relief from the NYSE in order to maintain its listing status.
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