- Current report filing (8-K)
14 Mai 2009 - 10:14PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported)
May 13, 2009
Presidential
Realty Corporation
(Exact
name of registrant as specified in its charter)
DELAWARE
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1-8594
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13-1954619
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
Number)
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180
South Broadway, White Plains, New York
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10605
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(914) 948-1300
No
change since last Report
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written communications
pursuant to Rule 425 under the Securities
Act
(17CFR230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange
Act
(17CFR240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under
the
Exchange Act (17CFR240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under
the
Exchange Act (17CFR240.13e-4(c))
ITEM
3.01
Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of
Listing
By letter
dated May 13, 2009, Presidential Realty Corporation (the “Company”) received a
notice from the NYSE Amex LLC (the “Exchange”), indicating that the Company is
not in compliance with certain of the Exchange’s continued listing standards due
to (1) having stockholders’ equity of less than $4,000,000 and losses from
continuing operations and net losses in three of its four most recent fiscal
years as set forth in Section 1003(a)(ii) of the Exchange’s Company Guide and
(2) the Company’s Class A common stock having an aggregate market value of
shares publicly held of less than $1,000,000 for more than 90 consecutive days
as set forth in Section 1003(b)(i)(C) of the Exchange’s Company
Guide.
The
Company may submit a plan of compliance to the Exchange by June 12, 2009 that
demonstrates the Company’s ability to regain compliance with the listing
standards of the Exchange’s Company Guide by November 15, 2010 with respect to
Section 1003(a)(ii) of the Exchange’s Company Guide and by November 13, 2009
with respect to Section 1003(b)(i)(C) of the Exchange’s Company Guide. The
Company currently intends to submit such a plan to the Exchange. If the plan is
accepted, the Company may be able to continue its listing during the remediation
periods, during which time it will be subject to periodic review to determine
whether it is making progress consistent with the plan. The Company’s Class A
common stock and Class B common stock continue to trade under the symbols “PDLA”
and “PDLB,” respectively, but these symbols will become subject to the indicator
extension “.BC” to denote the Company’s noncompliance with the Exchange’s
listing standards.
ITEM
9.01
Financial Statements
and Exhibits.
(d)
Exhibits
The
following exhibits are filed herewith:
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99.1
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Press
release, dated May 14, 2009, announcing receipt of Notice from NYSE Amex
for Non-Compliance with Continued Listing
Criteria.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
May
14, 2009
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PRESIDENTIAL
REALTY CORPORATION
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By:
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/s/
Jeffrey F. Joseph
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Jeffrey
F. Joseph
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President
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EXHIBIT
INDEX
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99.1
|
|
Press
release, dated May 14, 2009, announcing receipt of Notice from NYSE Amex
for Non-Compliance with Continued Listing
Criteria.
|
Pres Rlty CP (AMEX:PDL.A)
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