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

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
DSTI > SEC Filings for DSTI > Form 8-K on 18-Sep-2009All Recent SEC Filings

Show all filings for DAYSTAR TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for DAYSTAR TECHNOLOGIES INC


18-Sep-2009

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


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

On September 15, 2009, DayStar Technologies, Inc. (the "Company") received a letter from the Nasdaq Stock Market (the "Notice") notifying the Company that for 30 consecutive trading days the bid price of the Company's common stock had closed below the $1.00 per share minimum required for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Marketplace Rule 5550(a)(2). The Notice also stated that the Company has been provided 180 calendar days, or until March 15, 2010, to regain compliance. To do so, the bid price of the Company's common stock must close at or above $1.00 per share for a minimum of ten consecutive trading days prior to March 15, 2010.

A copy of our press release announcing the Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



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

On September 14, 2009, Mssrs. Richard Nevins and Scott Schecter resigned from the Board of Directors of the Company. Copies of Mssrs. Nevins's and Schecter's letters of resignation are attached as Exhibits 17.1 and 17.2, respectively.

On September 15, 2009, Mr. William S. Steckel, Chief Financial Officer, Secretary, & Treasurer was appointed to the Board of Directors of the Company. Mr. Steckel will serve in this capacity until the Company's annual meeting of its shareholders later this year. As an employee director, Mr. Steckel will not receive any additional compensation for his role on the Board of Directors.



Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.   Description
17.1          Letter of resignation dated September 17, 2009, from Richard Nevins

17.2          Letter of resignation dated September 18, 2009, from Scott Schecter

99.1          Press Release, dated September 18, 2009


  Add DSTI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for DSTI - 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 © 2010 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.