Autodesk (ADSK) Unable to Timely File 10-K

Autodesk (NASDAQ: ADSK) is unable to file its Annual Report on Form 10-K for the year ended January 31, 2024 (the “Form 10-K”) within the prescribed time period, without unreasonable effort or expense. After the Company’s earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee (the “Committee”) of the Board of Directors of the Company, that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding the Company’s free cash flow and non-GAAP operating margin practices. The Committee is comprised entirely of outside “independent directors” as defined by the Nasdaq Stock Market listing standards. The investigation is ongoing and all parties are working diligently to complete the investigation. The Company has voluntarily contacted the Securities and Exchange Commission (the “Commission”) to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds. The Company needs further time to assist the Committee in its investigation and to review its practices in this regard.

The Company currently does not believe that any of the matters under investigation affect any previously issued financial statements or the information in the Company’s earnings release on February 29, 2024. The Company currently expects to file the Form 10-K within the 15-day extension period prescribed by Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

You May Also Be Interested In

• BIG3 Basketball to go public via Graf Global merger at $290 million
• IQM names Barbara Venneman to board ahead of planned Nasdaq listing
• Independent Bank receives regulatory approval for HCB Financial acquisition