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| CFN > SEC Filings for CFN > Form 8-K on 14-Sep-2012 | All Recent SEC Filings |
14-Sep-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; T
As previously disclosed by CareFusion Corporation (the "Company") in its Form 12b-25 filed with the Securities and Exchange Commission (the "Commission") on August 29, 2012, the Company delayed the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2012 (the "Form 10-K") to consult with the Office of the Chief Accountant of the Commission regarding the Company's accounting policy for sales-type leases in its Pyxis® medication and supply dispensing product lines. Pursuant to Rule 12b-25 under the Securities Exchange Act of 1934, the Company received an extension until September 13, 2012 (the "Filing Due Date") to file the Form 10-K, which has now expired.
On September 14, 2012, the Company issued a news release (the "News Release")
disclosing the receipt of a letter from NYSE Regulation, Inc. (the "NYSE")
informing the Company that, as a result of its failure to timely file the Form
10-K, the Company is not currently in compliance with the NYSE's continued
listing requirements and is subject to certain procedures as specified in
Section 802.01E, "SEC Annual Report Timely Filing Criteria," of the NYSE's
Listed Company Manual. In accordance with the NYSE's procedures, the Company is
required to contact the NYSE to discuss the status of the Form 10-K and to issue
a press release pertaining to the late filing by the fifth business day
following the receipt of the NYSE notification. The Company has contacted the
NYSE to inform them of the filing status and has issued the News Release within
the five day period. The Company has six months from the Filing Due Date to cure
this deficiency. The Company can regain compliance at any time during this
six-month cure period once it files its Form 10-K with the Commission. In the
event that the Company has failed to cure the deficiency by the expiration of
the six-month cure period, the NYSE may grant, at its discretion, a further
extension of up to six months trading period, depending on the specific
circumstances.
The Company's common stock remains listed on the NYSE under the symbol "CFN," but will be assigned a "LF" indicator by the NYSE to signify the Company's late filing status.
A copy of the News Release is included as Exhibit 99.1 to this report.
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 News release issued by CareFusion Corporation on September 14, 2012.
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