- Current report filing (8-K)
27 May 2010 - 6:31AM
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 20, 2010
OMNI ENERGY SERVICES CORP.
(Exact name of registrant as specified in its charter)
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LOUISIANA
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0-23383
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72-1395273
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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4500 N.E. Evangeline Thruway
Carencro, Louisiana 70520
(Address of principal executive offices) (Zip Code)
(337) 896-6664
(Registrants telephone number, including area code)
Not Applicable
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On May 20, 2010, OMNI Energy Services Corp. (the Company) received a letter from the NASDAQ Stock Market (the
NASDAQ Letter) indicating that the Company was not in compliance with the continued listing requirements of NASDAQ Listing Rule 5250(c)(1) because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2010 (the Form 10-Q). NASDAQ Listing Rule 5250(c)(1) requires the Company to file, on a timely basis, all required periodic financial reports and other documents with the Securities and Exchange Commission. The NASDAQ
Letter requests that the Company submit a plan to regain compliance with the continued listing requirements by July 19, 2010.
As previously reported in a Form 12b-25 Notification of Late Filing made by the Company on May 18, 2010, the Audit Committee of the
Companys Board of Directors, with the assistance of management, is conducting an internal review related to the Companys accounting for subordinated promissory notes in connection with certain acquisitions which occurred in prior
periods. Until the completion of this review, the Company is unable to complete the preparation of its Form 10-Q. The Company plans to file the Form 10-Q as soon as practicable after the completion of this review, the completion of any additional
accounting work required as a result of this review, and after the review of its financial statements for the quarter ended March 31, 2010 by the Companys independent registered public accountants.
The Company is in the process of completing a plan to regain compliance with the NASDAQ rules for submission to NASDAQ prior to the
July 19, 2010 deadline. It is the Companys intention to regain compliance as soon as practicable pending completion of the aforementioned internal review.
The Company issued a press release on May 24, 2010 disclosing its receipt of the NASDAQ Letter. A copy of the press release is
attached hereto as Exhibit 99.1.
Item 9.01
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Financial Statements and Exhibits
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99.1
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Press Release issued by the Company on May 24, 2010
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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.
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OMNI ENERGY SERVICES CORP.
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Dated: May 26, 2010
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By:
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/s/ Ronald D. Mogel
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Senior Vice President
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and Chief Financial Officer
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Omni Energy Svcs Corp (MM) (NASDAQ:OMNI)
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