Related to Delayed Filing of Quarterly Report on Form 10-Q
21 Novembro 2023 - 6:15PM
Capital City Bank Group, Inc. today announced that it has received
a notice stating that, as a result of not having timely filed its
Quarterly Report on Form 10-Q for the quarter ended September 30,
2023 (the “Form 10-Q”), the Company is no longer in compliance with
the continued listing requirements of Nasdaq Listing Rule
5250(c)(1), which requires listed companies to timely file all
required periodic financial reports with the Securities and
Exchange Commission.
The notice from Nasdaq has no immediate effect on
the listing or trading of our common stock on the Nasdaq Global
Select Market. Under Nasdaq’s listing rules, the Company has 60
calendar days from the date of the notice to submit a plan to
regain compliance. If the plan is accepted by Nasdaq, the Company
can be granted up to 180 calendar days from the Form 10-Q’s due
date to regain compliance. The Company expects to submit a plan to
regain compliance or file its Form 10-Q with the Securities and
Exchange Commission within the timeline prescribed by Nasdaq.
The Company intends to file its Form 10-Q as promptly as
practicable.
About Capital City Bank Group, Inc. Capital
City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly
traded financial holding companies headquartered in Florida and has
approximately $4.1 billion in assets. We provide a full range of
banking services, including traditional deposit and credit
services, mortgage banking, asset management, trust, merchant
services, bankcards, securities brokerage services and financial
advisory services, including the sale of life insurance, risk
management and asset protection services. Our bank subsidiary,
Capital City Bank, was founded in 1895 and now has 63 banking
offices and 100 ATMs/ITMs in Florida, Georgia and Alabama. For more
information about Capital City Bank Group, Inc., visit
www.ccbg.com.
FORWARD-LOOKING STATEMENTS This press release
contains forward-looking statements (within the meaning of the
Private Securities Litigation Reform Act of 1995 and other legal
authority) that are based on current plans and expectations that
are subject to uncertainties and risks. The words “may,” “could,”
“should,” “would,” “believe,” “anticipate,” “estimate,” “expect,”
“intend,” “plan,” “target,” “vision,” “goal,” and similar
expressions are intended to identify forward-looking statements. We
may not actually achieve the plans, carry out the intentions or
meet the expectations disclosed in the forward-looking statements,
and you should not rely on these forward-looking statements due to
many factors, including: the effects of the restatements described
above on prior-period financial statements or financial results;
risks related to the timely and correct completion of the
restatements and related filings; the risk that the completion and
filing of the Amended Reports will take significantly longer than
expected and will not be completed in a timely manner;
identification of any additional inaccuracies in our financial
reporting that require further restatements of previously issued
financial statements; the risk that the restatements may subject us
to unanticipated costs or regulatory penalties and could cause
investors to lose confidence in the accuracy and completeness of
our financial statements; the risk that additional information may
become known prior to the expected filing of the Amended Reports
with the SEC or that other subsequent events may occur that would
require the Company to make additional adjustments to its financial
statements or delay the filing of the Amended Reports with the SEC;
the possibility that The Nasdaq Stock Market may seek to delist the
Company’s securities; the possibility that the Company will not be
able to become current in its filings with the SEC; the risk of
investigations or actions by governmental authorities or regulators
and the consequences thereof, including the imposition of
penalties; the risk that the Company may become subject to
shareowner lawsuits or claims; risks related to our ability to
implement and maintain effective internal control over financial
reporting and/or disclosure controls and procedures in the future,
which may adversely affect the accuracy and timeliness of our
financial reporting; risks related to changes in key personnel and
any changes in our ability to retain key personnel; the inherent
limitations in internal control over financial reporting and
disclosure controls and procedures; the scope of the restatement
and deficiencies, if any, in internal control over financial
reporting and/or disclosure controls and procedures may be broader
than we currently anticipate; remediation of any deficiencies with
respect to the Company’s internal control over financial reporting
and/or disclosure controls and procedures may be complex and
time-consuming; the impact of these matters on the Company’s
performance and outlook; and expectations concerning the Company’s
performance and financial outlook. Additional factors can be found
in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, and our other filings with the SEC, which are
available at the SEC’s internet site (http://www.sec.gov).
Forward-looking statements in this press release speak only as of
the date of this press release, and we assume no obligation to
update forward-looking statements or the reasons why actual results
could differ, except as may be required by law.
For Information Contact:Jep LarkinExecutive Vice
President and Chief Financial Officer850.402. 8450
Capital City Bank (NASDAQ:CCBG)
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