Equity Media Holdings Corp - Current report filing (8-K)
19 Mai 2008 - 8:51PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
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 14, 2008
EQUITY
MEDIA HOLDINGS CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
|
|
Delaware
|
000-51418
|
20-2763411
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
|
One
Shackleford Drive, Suite 400
Little
Rock, Arkansas
|
72211
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (501) 219-2400
(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 (see General Instruction A.2. below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
3.01
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing
On
May
14, 2008, the Company received written notification from NASDAQ that for the
last 30 consecutive business days, the bid price of the Company’s common stock
has closed below the minimum $1.00 per share requirement for continued inclusion
under Marketplace Rule 4310(c)(4) (the “Rule”). Therefore, in accordance with
Marketplace Rule 4310(c)(8)(D), the Company will be provided 180 calendar days,
or until November 10, 2008, to regain compliance with respect to the bid price
deficiency. If, at anytime before November 10, 2008, the bid price of the
Company’s common stock closes at $1.00 per share or more for a minimum of 10
consecutive business days, the bid price deficiency can be satisfied. The
Company could be delisted during this 180 day period for failure to maintain
compliance with any other listing requirement which may occur during this
period.
If
compliance with this Rule cannot be demonstrated by November 10, 2008, NASDAQ
staff will determine whether the Company meets The NASDAQ Capital Market initial
listing criteria as set forth in Marketplace Rule 4310(c), except for the bid
price requirement. If it meets the initial listing criteria, NASDAQ will notify
the Company that it has been granted an additional 180 calendar day compliance
period. If the Company is not eligible for an additional compliance period,
NASDAQ will provide written notification that the Company’s securities will be
delisted. At that time, the Company may appeal NASDAQ’s determination to delist
its securities to a Listing Qualifications Panel.
In
order
to comply with Marketplace Rule 4803(a), the Company will also issue a press
release disclosing receipt of the NASDAQ letter and the NASDAQ rules upon which
it was based.
Item 9.01.
|
Financial
Statements, Pro Forma Financial Information and
Exhibits
|
|
|
|
|
(c)
|
Exhibits:
|
|
|
|
|
|
99.1
Press
Release
|
|
|
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
|
|
|
EQUITY
MEDIA HOLDINGS CORPORATION
|
|
|
|
May
19, 2008
|
By:
|
/s/
Patrick G. Doran
|
|
Patrick
G. Doran
Chief
Financial Officer
|
|
|
3
Equity Media Holdings Corp (MM) (NASDAQ:EMDA)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Equity Media Holdings Corp (MM) (NASDAQ:EMDA)
Historical Stock Chart
Von Jun 2023 bis Jun 2024