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| SABA > SEC Filings for SABA > Form 8-K on 21-Aug-2012 | All Recent SEC Filings |
21-Aug-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
On August 16, 2012, Saba Software, Inc. (the "Company") received a letter from The NASDAQ Stock Market LLC ("NASDAQ") stating that the Company does not comply with NASDAQ Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Form 10-K for its fiscal year ended May 31, 2012. NASDAQ previously granted the Company an extension until October 8, 2012 to file its Form 10-Q for the fiscal quarter ended February 29, 2012. The NASDAQ letter states that the Company is required to submit to NASDAQ no later than August 31, 2012, an update to its original plan to regain compliance with NASDAQ's filing requirements for continued listing. The NASDAQ notice has no immediate effect on the listing or trading of the Company's common stock on the NASDAQ Global Select Market. The Company will submit to NASDAQ an updated plan to regain compliance on or before August 31, 2012.
The Company issued a press release on August 21, 2012 disclosing the Company's receipt of the NASDAQ notification letter. A copy of such press release is attached as Exhibit 99.1 hereto.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated August 21, 2012.
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