Bimini Capital Management, Inc. - Current report filing (8-K)
30 October 2007 - 7:37AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 29,
2007
Bimini
Capital Management, Inc.
(Exact
Name of Registrant as Specified in Charter)
Maryland
|
001-32171
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72-1571637
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(State
or Other Jurisdiction of Incorporation)
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(Commission File
Number)
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(IRS
Employer Identification No.)
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3305
Flamingo Drive, Vero Beach, Florida 32963
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code
(772)
231-1400
N/A
(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:
¨
|
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))
|
|
NOTICE
OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD;
TRANSFER OF LISTING.
|
On
October 29, 2007, NYSE Regulation, Inc. notified Bimini Capital Management,
Inc.
(the “Company”) that, because the Company’s average global market capitalization
over a consecutive thirty trading day period has fallen below the NYSE’s minimum
quantitative continued listing criteria for REITs of $25 million, trading in
the
Company’s Class A common stock on the NYSE will be suspended prior to the market
opening on Monday, November 5, 2007, pending de-listing. The Company
has applied to list its Class A common stock on another national securities
market, however, no assurance can be given that the Company’s Class A common
stock will be approved for listing on such national securities
market. Until such time that the Company’s Class A common stock is
approved for listing on another national securities market, the Company
anticipates that the Company’s Class A common stock will trade on the OTC
Bulletin Board. Details with respect to trading in the Company’s
Class A common stock beginning Monday, November 5, 2007, are expected to be
released on or before Friday, November 2, 2007.
ITEM
7.01.
|
REGULATION
FD DISCLOSURE
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On
October 29, 2007, the Company issued the press release attached hereto as
Exhibit 99.1. The information furnished under this “Item 7.01
Regulation FD Disclosure,” including the exhibits related hereto, shall not be
deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any disclosure
document of the Company, except as shall be expressly set forth by specific
reference in such document.
Exhibit
99.1 – Press Release of Bimini Capital Management, Inc. dated October 29,
2007
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:
October 29, 2007
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BIMINI
CAPITAL MANAGEMENT, INC.
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|
|
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By:
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/s/
Jeffrey J. Zimmer
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Jeffrey
J. Zimmer
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Chairman,
President and Chief Executive
Officer
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Exhibit
No.
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99.1
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|
Press
Release of Bimini Capital Management, Inc. dated October 29,
2007
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