Tuesday, July 22, 2014

Iteris Gets Market Warning

Santa Ana-based Iteris, a developer of technology for the traffic management and transportation industry, reported late Monday that it has received a notice of noncompliance from the NYSE. According to Iteris, the NYSE indicated that the company is not in compliance with several requirements of the exchange, due to the company's inability to file its annual 10-K report. Iteris said it now must submit a plan by July 31st, to regain compliance with those exchange listing standards. The warning came after the company changed out its CFO and reported financial control issues last week.

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