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General Employment receives listing standards notice

February 28 2013

General Employment Enterprises Inc. (NYSE: JOB) received a letter on Feb. 21 from the New York Stock Exchange stating the company is out of compliance with listing standards. The warning stated, among other things, that General Employment failed to timely file its quarterly financial statement with the SEC for the quarter ended Dec. 31, 2012.

Last month, the exchange warned General Employment it was out of compliance with listing standards because the company has not timely filed an annual report with the U.S. Securities and Exchange Commission for the fiscal year ended Sept. 30, 2012. Read the story here.

The company has submitted a plan to the New York Stock Exchange to regain compliance by April 17, 2013. Its stock will be delisted if it does not return to compliance.

The company said it is working with its new public accounting firm to finalize the company’s financial statements and file its fourth-quarter and annual reports.

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