The letter states that Nutanix has 60 calendar days to submit a plan to regain compliance with the Nasdaq Listing Rules. Nutanix said the letter has no immediate effect on the listing or trading of its Class A common stock on the Nasdaq Global Select Market. In a filing titled “Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard” Nutanix wrote: “(B)ecause the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended January 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.” Nasdaq is giving Nutanix 60 days to file a plan that explains how it plans to “regain compliance” with its SEC filing obligations. “Because of that we weren’t able to disclose expense information on the call and we have announced that we expect to be unable to file our 10-Q in a timely manner,given that we want to make sure this is resolved first.”
which is intended for evaluation purposes, was instead used for validation, interoperability testing and proof of concepts over a multi-year period,” said Nutanix CFO Rukmini Sivaraman. “What we discovered is that certain evaluation software from one of our third-party providers. That notice of deficiency comes 11 days after Nutanix disclosed that it was unable to file its 10-Q with the SEC as a result of a software misuse investigation. Pfeiffer’s sudden exit comes just two days after the firm received a notice of deficiency from the Nasdaq over its failure to meet Securities and Exchange Commission (SEC) filing guidelines. The company did not respond to questions about her replacement.
“We thank Wendy for her service during her tenure.”ĬRN reached out to Pfeiffer though LinkedIn but had not receive a response back at press time. “Wendy is leaving to pursue an opportunity outside of Nutanix,’ the company said in a statement to CRN. Earlier this week, Pfeiffer was a featured panelist at the Wall Street Journal’s CIO Network Summit in Palo Alto, Calif.
The company hosted an all-hands meeting on Friday where it announced Pfeiffer’s unexpected departure, a source close to Nutanix told CRN. Nutanix’s Senior Vice President and Chief Information Officer Wendy Pfeiffer, a six-year company veteran, is suddenly leaving the hyperconverged cloud infrastructure provider, which is in the midst of an internal probe for improperly using licensed software for “a multi-year period.
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