Autodesk receives expected notification of deficiency from Nasdaq related to delayed filing of annual report on Form 10-K

SAN FRANCISCO, April 25, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has received a deficiency notice from the Nasdaq Listing Qualifications Staff, informing the company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1). This follows the company’s failure to file its Annual Report on Form 10-K for the fiscal year ending January 31, 2024, as previously disclosed in its Form 12b-25 and a press release issued on April 16, 2024. Nasdaq requires listed companies to timely submit all required financial reports to the SEC, and the delay in filing the Form 10-K triggered this notice. However, the notice does not currently impact the trading of Autodesk’s common stock on the Nasdaq Global Select Market. Under Nasdaq’s rules, Autodesk now has 60 calendar days to submit a plan to regain compliance. If approved, the company may be granted an extension of up to 180 days from the original due date of the Form 10-K, which would push the deadline to October 14, 2024. The company is working diligently to address the issue and ensure compliance as soon as possible. The delay in filing the Form 10-K was due to ongoing internal investigations, as outlined in the Form 12b-25 and prior press release. These investigations are still in progress, and the company is committed to completing them and submitting the report promptly. As of now, no material impact has been identified on previously issued financial statements or the earnings release from February 29, 2024. This press release includes forward-looking statements that involve risks and uncertainties. These statements relate to the timing of the internal investigation, the filing of the Form 10-K, and the company’s plans to regain compliance with Nasdaq requirements. Actual results could differ materially due to various factors, including the pace of the investigation, the conclusions of the audit committee, and potential delays in filing. For more details on these risks, readers are encouraged to review Autodesk’s previous filings with the SEC, including its 2023 Form 10-K and subsequent 10-Q reports. Autodesk continues to innovate across industries such as architecture, engineering, construction, product design, manufacturing, media, and entertainment. Its software empowers professionals around the world to create smarter, more sustainable solutions. For updates, visit investors.autodesk.com or follow @autodesk on social media. All trademarks mentioned are the property of their respective owners. © 2024 Autodesk, Inc. All rights reserved. SOURCE: Autodesk, Inc.

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