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Nasdaq warns BBSI about risk of stock delisting

By The Columbian
Published: March 22, 2016, 4:29pm

VANCOUVER — Barrett Business Services Inc., the troubled human resources company based in Vancouver, has been told it risks being delisted from the Nasdaq stock exchange.

On Monday, a company filing with the Securities and Exchange Commission said it was out of compliance with listing rules “due to its failure to timely file its annual report” for 2015. Nasdaq told the company of its delinquency on March 16.

Barrett has seen a stream of financial turmoil in the past few years that earlier this month led to the firing of Chief Financial Officer Jim Miller.

Barrett, traded as BBSI, has until May 9 to make its delinquent filings current, according to the SEC filing.

Despite the filing, the company’s stock price climbed $0.28 to end Tuesday at $27.64.

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