Barnes & Noble Education receives NYSE notice of non-compliance

On August 4, Barnes & Noble Education received notice from the New York Stock Exchange that the company is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the fiscal year ended May 3, 2025, with the SEC. The company determined that it would not be able to file the Form 10-K within the 15-day extension period under Rule 12b-25 without unreasonable effort or expense due to an audit committee internal investigation that rendered management unable to complete the company’s financial reporting process and preparation of its financial statements for the fiscal year ended May 3, 2025. Accordingly, the company is working diligently to complete the necessary work to make the filing as soon as practicable and currently anticipates filing the Form 10-K within the six-month period granted by the notice from the NYSE, which will bring the company back into compliance with the NYSE listing standards.