Disturbing news about Zovio, the online program manager of University of Arizona Global Campus. They are defying SEC rules by posting their 2021 Annual Report more than 90 days after the end of the year. The puts them closer to delisting from Nasdaq.
https://ir.zovio.com/news/news-details/2022/Zovio-Updates-Fourth-Quarter-and-Full-Year-2021-Earnings-Release-and-Conference-Call/default.aspx
SEC warning #1--for failure to post 2021 Annual Report (10K) on time.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001305323/39817bff-8922-4c5b-ba6f-0d987af6f125.pdf
"Rightsizing" is the key word...
"Over the last three months, we have been aggressively developing and implementing a strategy aimed at rightsizing the business, improving our execution of the services we provide our client, UAGC, and driving growth within Fullstack Academy and TutorMe. We will be delaying the filing of our Form 10-K and we look forward to discussing our results and near-term strategic direction during our call in the coming weeks," commented RH, Chief Executive Officer of Zovio.