Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
TGAL > SEC Filings for TGAL > Form 8-K on 17-Jun-2009All Recent SEC Filings

Show all filings for TEGAL CORP /DE/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for TEGAL CORP /DE/


17-Jun-2009

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; T


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

On June 16, 2009, Tegal Corporation (the "Company") notified The NASDAQ Stock Market LLC that, due to the resignation of Edward A. Dohring from its Board of Directors (the "Board"), the Company no longer complies with NASDAQ's independent directors requirement for continued listing as set forth in NASDAQ Listing Rule 5606(b)(1) and NASDAQ's audit committee composition requirements for continued listing as set forth in NASDAQ Listing Rule 5605(c)(2)(A). The Company currently has four directors, only two of whom the Board has determined to be an "independent director" as such term is defined in NASDAQ Listing Rule 5605(a)(2).

In accordance with Rules 5605(b)(1)(A) and 5605(c)(4)(B) of the NASDAQ Listing Rules, the Company has until the earlier of its next annual stockholders' meeting or June 16, 2010 to regain compliance with the independent directors and audit committee composition requirements of the NASDAQ Listing Rules, provided that if its next annual stockholders' meeting is held on or before December 13, 2009, then the Company must regain compliance no later than December 13, 2009. The Company intends to evaluate candidates who are qualified to serve on the Board and the Audit Committee of the Board.



Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 15, 2009, the Board accepted the resignation of Edward A. Dohring as a member of the Board and as a member of all of the committees of the Board on which he served, effective as of June 16, 2009. Mr. Dohring's resignation is not related to any disagreement with the Company's operations, policies or practices.


  Add TGAL to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for TGAL - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.