Hanger (HGR) Falls Out of Compliance with NYSE LIsting Standards; Updates on 10-K Filing

Hanger (NYSE: HGR) announced that, as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, it has received a notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual. The Company is also still working to complete and file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 as well as to prepare restated financial statements and amended periodic reports for certain other prior periods.

The NYSE has informed the Company that, under the NYSE's rules, the Company will have six months, until September 17, 2015, to file its Form 10-K with the SEC. The Company can, and intends to, regain compliance with the NYSE listing standards prior to such date by filing the Form 10-K with the SEC. If the Company fails to file the Form 10-K prior to the NYSE's compliance deadline, then the NYSE may grant, at its discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The letter from the NYSE also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.

The NYSE notice has no immediate effect on the listing of the Company's common stock and it continues to be listed on the NYSE under the symbol "HGR." The NYSE previously assigned the Company's symbol an "LF" indicator to signify the Company's late filing status when the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014.

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