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| GSIG > SEC Filings for GSIG > Form 8-K on 14-Nov-2008 | All Recent SEC Filings |
14-Nov-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tra
On November 6, 2008, GSI Group Inc. (the "Company") filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission ("SEC"). On November 13, 2008, the Company received a Delinquency Compliance Alert Letter from The Nasdaq Stock Market ("Nasdaq"), indicating that the Company was not in compliance with Nasdaq Marketplace Rule 4310(c)(14), since the Company has not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended September 26, 2008 (the "Quarterly Report"). The Nasdaq letter advised the Company that it is permitted 60 calendar days to submit a plan to regain compliance with Nasdaq Marketplace Rule 4310(c)(14), and that the Nasdaq staff can grant the Company an exception, up to 180 calendar days from the due date of the Quarterly Report, to regain compliance. The Nasdaq letter further advised the Company that it will be placed on a list of non-compliant Nasdaq companies within two business days of November 13, 2008.
The Company is working diligently to complete the preparation of its Quarterly Report so that it may become current in its SEC filings. The Company intends to timely submit a plan to regain compliance to the Nasdaq Listing Qualifications Department. During this time, and for the extension period which may be granted to the Company by the Nasdaq Listing Qualifications Department, the Company's securities will continue to be listed on Nasdaq. Upon the Company's filing of its Quarterly Report, the Company will again become compliant with Nasdaq Marketplace Rule 4310(c)(14). A copy of the press release issued by the Company announcing receipt of the Nasdaq Delinquency Compliance Plan Alert Letter is attached hereto as Exhibit 99.1.
(d) Exhibits
99.1 Press Release dated November 14, 2008.*
* This exhibit is "furnished" as part of this Current Report on Form 8-K and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section and may only be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 if, and to the extent, such subsequent filing specifically references this exhibit.
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