Add
OLCB to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| OLCB > SEC Filings for OLCB > Form 8-K on 28-Sep-2012 | All Recent SEC Filings |
28-Sep-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
As previously disclosed on September 17, 2012, the Board of Directors of Ohio Legacy Corp (the "Company") approved a plan to voluntarily delist the Company's common stock from the Nasdaq Capital Markets and to quote its common stock on the Over the Counter ("OTC") markets. Accordingly, the Company filed a Form 25 on September 28, 2012 with the Securities and Exchange Commission ("SEC") to effect the delisting effective after the close of trading on Friday, October 5, 2012.
The decision to voluntarily delist from NASDAQ was taken following the Board of Director's determination that the Company would benefit from cost savings realized by eliminating the ongoing expense of a national exchange listing when a comparable trading volume in the Company's shares may be realized in the over the counter markets.
On September17, 2012, the Company provided the required notice to NASDAQ of its intent to delist. The transition to the OTC markets does not change the Company's obligation to file periodic and other reports with the Securities and Exchange Commission under applicable federal securities laws.
The Company issued a press release announcing its delisting from the NASDAQ Capital Market and the effective date of trading on the OTC markets. A copy of the press release is attached hereto as Exhibit 99.
(a) - (c). Not applicable.
(d). Exhibits.
Exhibit Number Description
99.1 Press Release of Ohio Legacy Corp dated September 28, 2012
|
|