The Lewisville, Texas-based company was originally notified in August that it was no longer in compliance with Nasdaq Listing rules because it did not file its quarterly report with the SEC for the quarter ended June 30, 2013. This is the 2nd notification that the company has received in the past year, according to a regulatory filing.
The 2nd notice requests that Orthofix provide Nasdaq with an update to its compliance plan by December 4th.
Orthofix recently named Randy Thurman as its new chairman, after Jim Gero stepped down in early November. Gero will continue as a consultant to the board until 2015. No reason was given for Gero’s departure.