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Kraft Heinz receives Nasdaq noncompliance notice again over delayed SEC filings

Kraft Heinz Co. said May 21 that it received another notice of noncompliance from Nasdaq for its failure to file its report on Form 10-Q for the quarter ended March 30.

The Pittsburgh-based processed foods producer previously received a noncompliance notice in March for failing to timely file its Form 10-K for the year ended Dec. 29, 2018. Nasdaq requires companies to timely file periodic financial reports with the SEC as part of its listing rule.

Kraft Heinz has until Sept. 11 to regain compliance by filing its Form 10-K and Form 10-Q, on top of complying with other terms outlined in the notice, which it received on May 17.

"Kraft Heinz currently expects to cooperate with Nasdaq to comply with such terms," the company said in a statement.

The notices are not expected to immediately impact the listing or trading of Kraft Heinz's common stock on Nasdaq Global Select Market, the company clarified.