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Kraft Heinz receives noncompliance notice from Nasdaq


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.