Autodesk receives expected notification of deficiency from Nasdaq related to delayed filing of annual report on Form 10-K
September 28 23:05:58, 2025
SAN FRANCISCO, April 25, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has received a deficiency notice from the Nasdaq Listing Qualifications Staff on April 19, 2024, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This non-compliance stems from the company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ending January 31, 2024.
The delay in filing was previously disclosed in the Form 12b-25 Notification of Late Filing submitted to the SEC on April 1, 2024, and in a press release issued on April 16, 2024. The Form 12b-25 outlined reasons for the delay, including ongoing internal investigations. As of today, the investigation remains active, and the company continues working diligently to complete it and submit the Form 10-K as soon as possible.
According to Nasdaq rules, Autodesk has 60 calendar days from the date of the notice to submit a plan to regain compliance. If approved, Nasdaq may grant an extension of up to 180 days from the original due date of the Form 10-K, which would bring the deadline to October 14, 2024. The company is committed to taking all necessary steps to meet these requirements promptly.
Autodesk emphasized that the matters under investigation do not currently affect any previously issued financial statements or the information provided in the earnings release dated February 29, 2024. However, the outcome of the internal review could impact future filings.
This press release includes forward-looking statements that involve risks and uncertainties. These include the timing of the internal investigation, the audit committee’s conclusions, the review by the independent auditor, and the potential for delays in filing the Form 10-K. Actual results could differ materially based on various factors, including new findings during the investigation and Nasdaq’s decisions regarding compliance extensions.
For more details on the risks associated with the company’s operations, readers are encouraged to review Autodesk’s previous SEC filings, including the Form 10-K for the fiscal year ended January 31, 2023, and subsequent quarterly reports.
Autodesk is a global leader in design and engineering software, empowering professionals across industries such as architecture, construction, manufacturing, and media. Its tools help create sustainable buildings, innovative products, and compelling entertainment experiences. Learn more at autodesk.com or follow @autodesk on social media.
For real-time updates on material information, investors should visit investors.autodesk.com. The company complies with Regulation FD through this platform, alongside regular press releases, SEC filings, and public investor events.
Autodesk, AutoCAD, BIM 360, and Fusion 360 are registered trademarks of Autodesk, Inc., or its subsidiaries. All other brand names are the property of their respective owners. Product specifications and pricing are subject to change without notice.
© 2024 Autodesk, Inc. All rights reserved.
SOURCE: Autodesk, Inc.
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