Cubic Corp. said on Feb. 25 that the New York Stock Exchange is changing the company’s ticker symbol to indicate it will be late in filing its financial statement from the quarter ended Dec. 31.
The initials LF — short for late filer — will be put on the end of the company’s stock symbol.
Cubic (NYSE: CUBLF) said the development had been expected.
The San Diego company — which gets its revenue from defense contracting and mass-transit fare-collection equipment — originally announced Feb. 10 that it would file its first-quarter statement late. Cubic’s first quarter ends Dec. 31. In addition, Cubic said on Feb. 10 that it would have to restate financial statements from fiscal 2012 and 2013 because the audit committee of its board felt that previous statements no longer complied with generally accepted accounting principles.
Cubic said that it will be listed as a late filer on the Big Board’s listing standards filing status page and that “LF” will be appended to Cubic’s stock symbol on the consolidated tape, as well as Cubic’s profile, data and news Web pages.