Hub Group, Inc. has received a formal notice from Nasdaq indicating that the exchange intends to delist the company's Class A common stock. The notification, issued on September 16, 2026, is a result of the company's failure to file required periodic reports on time.
The delisting determination stems from a violation of Nasdaq Listing Rule 5250(c)(1), which mandates that listed companies must file all required periodic reports with the Securities and Exchange Commission. Specifically, Hub Group did not file its Annual Report on Form 10-K for the year ended December 31, 2025, nor its Quarterly Reports on Form 10-Q for the periods ended March 31, 2026, and June 30, 2026.
The company notes that it had previously been granted a 180-day extension to regain compliance, which expired on September 14, 2026. The receipt of this Staff Delisting Determination does not immediately suspend trading or delist the stock.
Hub Group intends to appeal the decision by requesting a hearing before the Nasdaq Hearings Panel. The company has a deadline of September 23, 2026, to file this request. Under Nasdaq rules, the hearing request will automatically stay the suspension of trading for 15 calendar days.
The company also plans to request an extended stay of the suspension pending the outcome of the hearing process. The company stated that hearings are typically scheduled approximately 30 to 45 days after the request is made. While the company expects its stock to continue trading during this period, there is no assurance that the Hearings Panel will grant the extended stay or that the appeal will be successful.
