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Kraft Heinz receives noncompliance notice from Nasdaq

Kraft Heinz Co. on March 15 said it expects to file its annual report "in the coming weeks" after it received a standard noncompliance notice from Nasdaq for failing to timely file the Form 10-K report for the year ended Dec. 29, 2018.

The Pittsburgh-based packaged food and beverage producer said it has until May 14 to submit a plan to regain compliance. If approved by Nasdaq, the plan will fetch the company up to 180 calendar days from the Form 10-K's due date to regain compliance.

"Kraft Heinz expects to submit a plan to regain compliance or file its Form 10-K within the timeline prescribed by Nasdaq," the company said in a statement.