NEW YORK, August 13, 2018 – The New York Stock Exchange (“NYSE” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Hill International, Inc. (the "Company") -- ticker symbol HIL -- from the NYSE. Trading in the Company’s common stock on the NYSE will be suspended immediately.
The decision was reached because the Company is delayed in filing with the Securities and Exchange Commission (the “SEC”) its Form 10-K for the period ended December 31, 2017, and Form 10-Q for the period ended March 31, 2018, and will also not timely file its Form 10-Q for the period ended June 30, 2018 (“Late SEC Filings”). The Company advised NYSE Regulation that it will not be able to complete the Late SEC Filings by August 15, 2018, the maximum allowable period under Section 802.01E of the NYSE’s Listed Company Manual.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the SEC to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
Hill International, Inc. company contact:
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
Tel: 215-309-7707
elizabethzipf@hillintl.com