Donaldson Company, Inc. (NYSE: DCI) today announced that as a result of
its inability to timely file its Annual Report on Form 10-K for the
fiscal year ended July 31, 2015, it has received a notice from the New
York Stock Exchange (the "NYSE") that the Company is not in compliance
with the NYSE's continued listing requirements under the timely filing
criteria outlined in Section 802.01E of the NYSE Listed Company Manual.
As previously disclosed, Donaldson was unable to timely file its 2015
Form 10-K with the U.S. Securities and Exchange Commission (the "SEC")
because of an ongoing investigation related to the recognition of
revenue for certain projects in its European Gas Turbine Products
business. As a result of this ongoing investigation, the Company was
unable to file the 2015 Form 10-K by the extended due date of Oct. 14,
2015.
The NYSE informed Donaldson that under the NYSE's rules, the Company
will have six months from Oct. 14, 2015, to file the Form 10-K with the
SEC. The Company can, and intends to, regain compliance with the NYSE
listing standards by filing the Form 10-K with the SEC prior to the
expiration of the six-month extension.
Miscellaneous
For more information, please reference the Company's Form 12b-25,
Notification of Late Filing, and associated press release dated Sept.
29, 2015. These materials are available on Donaldson's investor
relations site (IR.Donaldson.com).
The Company wishes to caution investors that any forward-looking
statements (such as those identified by words such as "believe,"
"expect" or similar expressions) are subject to uncertainties and other
risk factors that could cause actual results to differ materially from
such statements, including but not limited to risks associated with the
timing and outcome of the Audit Committee's investigation, including the
possible identification of additional facts that could have an impact on
the Company's historical or future financial results. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements.
About Donaldson Company
Founded 100 years ago, Donaldson (NYSE: DCI) is a global leader in the
filtration industry. The Company's innovative filtration technologies
improve people's lives, enhance Customers' equipment performance, and
protect the environment. More than 12,500 employees support Customers at
140 sales, manufacturing, and distribution locations. For more
information, visit www.Donaldson.com.
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Donaldson Company, Inc.
Brad Pogalz, 952-887-3753
Oct 15, 2015