West Marine, Inc., Watsonville, CA, received a notice from The NASDAQ Global Market stating that its common stock is subject to delisting. According to West Marine, the notice was issued after the company delayed filing its annual report on Form 10-K for the fiscal year ended Dec. 29, 2007.
West Marine anticipates filing its 10-K by April 4, although if it cannot do so by April 7, it will request a hearing before a NASDAQ Listings Qualifications Panel in which it will offer a plan for regaining compliance.
West Marine sells boating supplies and accessories through catalog, Internet and retail channels.
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