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ANLY > SEC Filings for ANLY > Form 8-K on 18-Sep-2009All Recent SEC Filings

Show all filings for ANALYSTS INTERNATIONAL CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ANALYSTS INTERNATIONAL CORP


18-Sep-2009

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


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

(a) On September 15, 2009, Analysts International Corporation (the "Company") received a letter from The Nasdaq Stock Market ("Nasdaq") notifying the Company that the bid price of its listed securities has closed below $1.00 per share for the last thirty (30) consecutive business days. Consequently, a deficiency exists with regard to the minimum $1.00 per share requirement of Nasdaq Listing Rule 5450(a)(1) (the "Rule"). The Company has until March 15, 2010 (the "Grace Period") to achieve compliance with the Rule by maintaining a minimum closing bid price of at least $1.00 for a minimum of ten
(10) consecutive business days. In the event the Company does not regain compliance with the Rule prior to the expiration of the Grace Period, it will receive written notification that its securities are subject to delisting. Alternatively, the Company may be eligible for an additional grace period if it meets the initial listing standards, with the exception of bid price, for The Nasdaq Capital Market. The Nasdaq letter was issued in accordance with standard Nasdaq procedures.

In compliance with Nasdaq's Listing Rule 5810(b), the Company issued a press release on September 18, 2009 to announce that the Company received the notice. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number                                Description

99.1             Press release entitled, "Analysts International Corporation Receives
                 Nasdaq Notification Letter" issued by Analysts International
                 Corporation on September 18, 2009


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