Forrester gets another Nasdaq warning

Forrester Research Inc. said today it has received another warning from the Nasdaq Stock Market that the firm is behind in filing financial reports.

Forrester, a Cambridge market research company, said the warning was anticipated.

Earlier this month, Forrester announced it was delaying the issuing of its full first-quarter results until it finalizes an investigation into backdated stock options grants.

Today Forrester said it had received a Nasdaq notice stating that it was not in compliance with a marketplace rule because it did not file a report on the quarter ending March 31.

On March 19, Forrester said it received a similar warning due to its delay in filing a report for the year ended Dec. 31.

Forrester also said today that it appeared at a May 3rd hearing before a Nasdaq panel where it presented a compliance plan; pending a decision by the panel, Forrester said its common stock will remain listed on the Nasdaq Stock Market.
(By Chris Reidy, Globe staff)