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| MAG > SEC Filings for MAG > Form 8-K on 2-Mar-2009 | All Recent SEC Filings |
2-Mar-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tr
As previously disclosed in the Form 8-K filed December 2, 2008, Magnetek, Inc.
(the "Company" or "Magnetek") received a notice from NYSE Regulation, Inc.
("NYSE Regulation") on November 26, 2008 that the Company does not meet the New
York Stock Exchange ("NYSE") continued listing standard specified under
Section 802.01B of the NYSE Listed Company Manual because its total market
capitalization is less than $75 million over a 30 trading-day period and its
stockholders' equity is less than $75 million. In response to the notice, the
Company submitted a business plan on January 12, 2009, demonstrating how it
intends to regain compliance with the continued listing standards.
On February 26, 2009, Magnetek was notified by NYSE Regulation that the Company's proposed plan to regain compliance with the continued listing standards of the NYSE was accepted. Accordingly, the Company's stock will continue to be listed on the NYSE, pending quarterly reviews by the NYSE's Listing and Compliance Committee to ensure progress against the plan.
The Company issued a press release on March 2, 2009, announcing that it had received the notice of acceptance from NYSE Regulation. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
(d) Exhibits.
Exhibit No. Description
99.1 Magnetek, Inc. Press Release dated March 2, 2009
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