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Hain Celestial granted extension to file financial reports

Hain Celestial headquarters in Lake Success on Sept.

Hain Celestial headquarters in Lake Success on Sept. 24, 2015. Credit: Barry Sloan

Hain Celestial said it has been granted an extension to file financial reports with the Securities and Exchange Commission, including its 10-K, or annual report.

The Lake Success-based organic and natural products company said the Nasdaq has approved the extension, which sets a Feb. 27 deadline for the filings.

Hain received a delisting notice on Aug. 31 in response to its inability to file its annual report with the SEC.

Hain had been given a deadline of Oct. 31 to submit a plan to regain compliance.

Hain shares closed down 15 cents to $35.43 on Friday. Shares were as high as $55.35 in mid-August, before the company said it was evaluating its internal control over financial reporting and that it didn’t expect to reach its previously announced revenue forecast for fiscal 2016.

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