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| CAPB > SEC Filings for CAPB > Form 8-K on 10-Mar-2009 | All Recent SEC Filings |
10-Mar-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standa
(d) On March 10, 2009, the Board of Directors of CapitalSouth Bancorp (the "Company") unanimously voted to delist its common stock, par value $1.00 per share (the "Common Stock"), from the NASDAQ Capital Market ("Nasdaq") and to voluntarily terminate the registration of its Common Stock under the Securities Exchange Act of 1934, as amended. In connection therewith, the Company notified Nasdaq on March 10, 2009 of the Company's intention to file Form 25 on or about March 20, 2009. The Company anticipates that the Form 25 will become effective ten (10) days following its filing.
On or about March 30, 2009, the anticipated effective date of the delisting of
the Company's Common Stock from Nasdaq, the Company intends to file a Form 15
with the Securities and Exchange Commission (the "SEC") to voluntarily effect
the deregistration of its common stock. The Company is eligible to deregister by
filing Form 15 because it has fewer than 300 holders of record of its common
stock. Upon the filing of the Form 15, the Company's obligations to file certain
reports with the SEC, including Forms 10-K, 10-Q and 8-K, will immediately be
suspended. The Company expects the deregistration to become effective ninety
(90) days after filing the Form 15 with the SEC.
(d) Exhibits.
99.1* Press Release, dated March 10, 2009.
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