8-KThe Red FlagsRed Alert
Delisting Notice
Filed Oct 19, 2006 · 19y ago · Accession 0000096536-06-000028
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): October 16,
2006
TAYLOR DEVICES,
INC.
(Exact name of
registrant as specified in its charter)
New
York
0-3498
16-0797789
(State or
other
jurisdiction of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification No.)
90 Taylor
Drive
North Tonawanda,
New York
14120-0748
(Address of principal
executive offices)
(Zip
Code)
Registrant's telephone number,
including area code:
(716)
694-0800
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:
[
] 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))
Section 3 -- Securities and Trading Markets
Item 3.01 Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of
Listing.
Due to the sudden death of Board member
Mr. Donald Hofmar on September 3, 2006, Taylor Devices, Inc. received a Nasdaq Staff Deficiency Letter dated
October 16, 2006, indicating that the Company fails to comply with the
independent director and audit committee requirements for continued listing as
set forth in Marketplace Rule 4350. The Company will be provided a cure
period of no later than March 3, 2007 in order to regain compliance. The
Company must submit documentation to Nasdaq, including biographies of any new
directors, proving compliance with the rules no later than March 3, 2007.
Written notification of delisting will be provided by Nasdaq if the Company does
not regain compliance within this period. Management anticipates that it
will be able to timely comply with Nasdaq's directive.
Section 9 - Financial Statements and
Exhibits
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits
Exhibit
No.
Description
99.1
Press Release dated October 19,
2006.
SIGNATURE
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.
TAYLOR DEVICES, INC.
(registrant)
DATED: October 19,
2006
By: /s/Douglas P.
Taylor
Douglas P. Taylor, President
and Chief Executive
Officer
Filing details
- Company
- TAYLOR DEVICES, INC.
- Ticker
- TAYD
- CIK
- 96536
- Form type
- 8-K
- Filing date
- Oct 19, 2006
- Report date
- Oct 16, 2006
- Document
- nasdaqdeficiencyletter.htm
- Size
- 17 KB
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