Meta Financial Group Inc.’s common stock is subject to being delisted from the Nasdaq Global Select Market after the company failed to file its quarterly report for the period ended Dec. 31 with the Securities and Exchange Commission in a timely manner.

The Storm Lake-based company is late in filing its first-quarter Form 10-Q because its previous independent accountants, McGladrey & Pullen LLP, did not stand for re-election after the bank’s Meta Payment Systems division entered into contracts with H&R Block Inc., which is affiliated with McGladrey. The company is seeking another independent accounting firm and once it completes that process and the firm reviews its first-quarter financial statements, it will file its Form 10-Q.

Meta Financial Group received a Nasdaq Staff Determination letter dated Feb. 20, notifying the company that it has not complied with Nasdaq Marketplace Rule 310(c)(14). The company plans to appeal this determination and regain compliance at a hearing before a Nasdaq Listing Qualifications Panel, scheduled for April 3.

The company’s stock will remain listed and continue to trade on the stock market pending the panel’s decision.