SAN FRANCISCO, April 16, 2024 /PRNewswire/ – Autodesk, Inc. (NASDAQ: ADSK), commonly referred to as the “Company,” has released an update on the internal investigation that was initially announced back in early March. This investigation is being spearheaded by the Audit Committee (referred to hereafter as the "Committee") of the company's Board of Directors. According to the Form 12b-25 Notification of Late Filing submitted to the Securities and Exchange Commission on April 1st, 2024, the Committee initiated this internal probe with the help of external legal counsel and advisors. The focus of this investigation revolves around the company's handling of free cash flow and non-GAAP operating margins. While the core issues remain consistent with what was previously disclosed, the company does not believe these matters will impact any of the financial statements already released or the earnings announcement from February 29, 2024. As of now, the investigation is still underway, and all involved parties are actively working toward a resolution. Attached is an image provided by PRNewswire, titled "(PRNewsfoto/Autodesk, Inc.)". In light of the ongoing investigation, the company will not be able to file its Annual Report on Form 10-K for the fiscal year ending January 31, 2024 (the "Form 10-K") within the extended 15-day window granted under Rule 12b-25(b) of the Securities Exchange Act of 1934. Consequently, it is anticipated that Autodesk will receive a notice from The Nasdaq Stock Market indicating non-compliance with the timely filing requirement outlined in Nasdaq Listing Rule 5250(c)(1). However, this notice is unlikely to immediately affect the trading status of the company's common stock on the Nasdaq Global Select Market. Pursuant to Nasdaq's listing regulations, the company will have 60 calendar days following the issuance of the notification to present a compliance plan to Nasdaq, outlining the steps intended to regain compliance with the exchange's listing standards. Nasdaq retains the authority to extend this timeline by up to 180 calendar days from the original deadline for the Form 10-K filing. The company is committed to regaining compliance as swiftly as possible. **Safe Harbor Statement** This press release includes forward-looking statements that carry inherent risks and uncertainties. These include predictions about the progress and expectations of the Committee's investigation, along with projections related to potential non-compliance with Nasdaq regulations. Additionally, all statements that do not pertain to historical facts are considered forward-looking. A multitude of factors could lead to outcomes significantly differing from those anticipated in this report. Key considerations include: the uncovering of new information pertinent to the investigation; the Committee's final determinations and the timeline for such conclusions; the timing and outcome of the audit firm's review of the investigation and the company’s financial statements; the possibility that completing and submitting the Form 10-K may take longer than anticipated; and the risk that the company might fail to meet Nasdaq’s continued listing criteria. For further insight into the elements that could influence Autodesk’s financial performance, refer to the Form 10-K for the fiscal year ending January 31, 2023, and subsequent quarterly reports, both of which are available through the Securities and Exchange Commission. Autodesk disclaims any obligation to update these forward-looking statements to account for events occurring or circumstances arising post their initial publication. **About Autodesk** Autodesk is reshaping how the world designs and constructs. Its suite of technologies spans multiple sectors, including architecture, engineering, construction, product design, manufacturing, and media and entertainment. By empowering creators worldwide, Autodesk aids in tackling challenges large and small. From eco-friendly building projects to innovative products and captivating visual effects in films, Autodesk’s tools enable its clients to contribute positively to society. To learn more, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk leverages its investor relations website to share significant non-public updates, announce participation in upcoming investor events, and adhere to its disclosure responsibilities under Regulation FD. Therefore, it is advisable to keep an eye on this platform alongside monitoring press releases, SEC filings, and attending public conference calls and webcasts. Trademark details: Autodesk, AutoCAD, AutoCAD LT, BIM 360, and Fusion are registered trademarks of Autodesk, Inc., and/or its subsidiaries and affiliates in the U.S. and/or internationally. Other brand names, product names, or trademarks belong to their respective owners. Autodesk reserves the right to modify product offerings, features, and pricing at any time without prior notice and assumes no responsibility for typographical or graphical inaccuracies in this document. © 2024 Autodesk, Inc. All rights reserved. SOURCE: Autodesk, Inc.

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