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DVD > SEC Filings for DVD > Form 8-K on 3-Jun-2009All Recent SEC Filings

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Form 8-K for DOVER MOTORSPORTS INC


3-Jun-2009

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Dover Motorsports, Inc. (NYSE-Symbol: DVD) today announced receipt of notice from the New York Stock Exchange ("NYSE") informing the Company that it is in compliance with revised NYSE standards for continued listing. As previously announced, on February 20, 2009, the Company was notified that it was below the NYSE's continued listing criteria because its average market capitalization over a consecutive 30 trading-day period and total stockholders' equity had fallen below the $75 million required. The Securities and Exchange Commission has just approved the lowering of those thresholds by the NYSE to $50 million. The Company currently satisfies the revised listing standards and is in compliance with other continued listing standards. The change in thresholds is effective through October 30, 2009, but the NYSE has indicated that it expects to seek a rule filing that will make the lower thresholds permanent in the near future.

We issued a press release today to disclose our receipt of the letter from the NYSE and a copy is attached to this Form 8-K as an exhibit.



Item 9.01 Financial Statements and Exhibits

(d) Exhibit

99.1 Press Release dated June 2, 2009, issued by Dover Motorsports, Inc.

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