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Barrett granted extension on stay of Nasdaq suspension

June 02, 2016

Barrett Business Services Inc. (NASD: BBSI), a provider of staffing and professional employer organization services, was granted an extension of its stay of suspension from Nasdaq.

Nasdaq last month notified Barrett that the company was non-compliant with the filing requirements and its common stock was subject to suspension and delisting. The notification came after Barrett missed the May 9 deadline to file its Form 10-K for the period ended Dec. 31, 2015, and its Form 10-Q for the period ended Sept. 30, 2015.

Barrett subsequently released earnings for the fourth quarter and full-year 2015.

Nasdaq extended the stay of delisting until the Nasdaq hearings panel issues its final decision after the company’s hearing with the panel on June 16. The panel is expected to issue a final decision on Barrett’s listing status soon thereafter.

“We continue to make progress in getting our first quarter 2016 10-Q ready for filing,” President and CEO Mike Elich said. “We look forward to discussing the results of our first quarter in the coming weeks.”