Focus Enhancements Inc - Current report filing (8-K)
01 August 2008 - 6:42AM
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) July 28, 2008
FOCUS
ENHANCEMENTS, INC.
|
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
1-11860
|
04-3144936
|
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
|
|
|
1370
Dell Avenue, Campbell, CA
|
95008
|
_______________________________________________________________________
|
______________________________
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s telephone number,
including area code
(408) 866-8300
NA
|
|
|
(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
As
previously disclosed in Item 3.01 of Form 8-K filed on July 21, 2008, Focus
Enhancements (the “Company”) received a letter from The Nasdaq Stock Market
notifying the Company that its common stock market value of listed securities
had been below the minimum $35,000,000 required for continued inclusion as set
forth in Marketplace Rule 4310(c)(3)(B) and that its securities would be
delisted from The Nasdaq Capital Market on July 30, 2008, unless the Company
appealed its delisting to the Nasdaq Listing Qualifications Panel.
The
Company made a request for a hearing with the Nasdaq Listing Qualifications
Panel, and on July 28, 2008, the Company was notified that its request to appear
before the Nasdaq Hearings Panel has been approved and that a hearing has been
scheduled for September 4, 2008. Accordingly, the delisting of the
Company’s securities has been stayed pending the Nasdaq Hearings Panel’s
decision. The Company intends to submit materials and attend the
hearing in support of its appeal. There can be no assurance, however, that the
Nasdaq Hearings Panel will grant a request for continued listing.
If at any
point before the September 4, 2008 hearing, the Company regains compliance with
all criteria for continued listing and can evidence an ability to sustain
compliance with the listing requirements over the long term, the Company must
notify its Nasdaq Listing Analyst and the Nasdaq Office of General
Counsel. If the Nasdaq Listing Analyst determines that the deficiency
is moot, the Nasdaq Hearings Department will advise the Company by letter that
its hearing is cancelled.
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.
FOCUS ENHANCEMENTS, INC.
Date: July
31,
2008
By:
/s/ Gary L.
Williams
Gary
L. Williams
Executive
VP of Finance and Chief Financial Officer
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