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Quotes & Info
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| NOBL > SEC Filings for NOBL > Form 8-K on 26-Nov-2008 | All Recent SEC Filings |
26-Nov-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or S
As a result of the resignation of Philippe Landron from the Company's Board of Directors as described in Item 5.02(b) of this Current Report on Form 8-K, on November 24, 2008 the Company delivered notice to Nasdaq that the Company was no longer compliant with Marketplace Rules 4350(c)(1) and 4350(d)(2), which require, respectively, that a majority of the Company's Board of Directors be "independent" as defined in Marketplace Rule 4200 and that the Company's audit committee be comprised of at least three members.
In response, on November 26, 2008, Nasdaq delivered to the Company a Staff Deficiency Letter providing that the Company was not in compliance with Marketplace Rules 4350 for the reasons identified in the Company's notice and that, consistent with Marketplace Rules 4350(c)(1) and 4350(d)(4), the Company had a cure period to regain compliance extending until the earlier of the Company's next annual shareholders' meeting or November 21, 2009; or if the next annual shareholders' meeting is held before May 20, 2009, then on or before such date.
The Company intends to provide Nasdaq with evidence of the Company's compliance with Marketplace Rules 4350(c)(1) and 4350(d)(2) in the time requested.
On November 21, 2008, Philippe Landron resigned as a member of the Noble International, Ltd. Board of Directors and its Board committees, including the audit committee.
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