Hain Celestial Reports Nasdaq Listing Notice; Chief Accounting Officer Resigns

What Happened

• Hain Celestial (HAIN) reported that Nasdaq informed the company on March 24, 2026 that its common stock had fallen below the $1.00 minimum bid requirement for 30 consecutive business days. The company was given an initial compliance period through September 21, 2026 and requested an additional 180‑day period.
• Nasdaq approved the company’s application to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market (notice dated September 22, 2026). The transfer became effective at the open of business on September 24, 2026 and the shares continue to trade under the symbol “HAIN.” Nasdaq granted an additional compliance period through March 22, 2027 for the company to regain a closing bid of at least $1.00.
• Separately, Hain Celestial disclosed that Michael J. Ragusa, Senior VP and Chief Accounting Officer (principal accounting officer), notified the company on September 25, 2026 that he will resign effective November 1, 2026. Chief Financial Officer Lee A. Boyce will assume the principal accounting officer responsibilities in addition to his CFO and principal financial officer roles.

Key Details

• Initial Nasdaq notice of noncompliance: March 24, 2026 (bid below $1.00 for 30 consecutive business days).
• Initial compliance deadline: September 21, 2026; additional 180‑day extension granted to March 22, 2027.
• Transfer to Nasdaq Capital Market approved September 22, 2026 and effective September 24, 2026; ticker remains “HAIN.”
• Chief Accounting Officer resignation announced September 25, 2026, effective November 1, 2026; CFO Lee A. Boyce will take over principal accounting officer duties.

Why It Matters

• The Nasdaq action signals that Hain Celestial’s share price has been depressed and the company must regain a $1.00 closing bid (10 consecutive business days during the extension) or risk further listing consequences. The transfer to the Nasdaq Capital Market allows additional time to cure the deficiency but may be viewed negatively by some investors.
• Management change: the Chief Accounting Officer’s resignation and consolidation of accounting responsibilities under the CFO could affect financial reporting continuity and should be monitored until a permanent replacement or additional disclosures are provided.
• Investors should watch the stock’s closing bid price, any company actions (such as a reverse stock split) to regain compliance, and further disclosures about accounting leadership or financial results.