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| FBN > SEC Filings for FBN > Form 8-K on 21-Dec-2012 | All Recent SEC Filings |
21-Dec-2012
Notice of Delisting or Failure to Satisfy a Continued Listing
(a)On December 18, 2012, Furniture Brands International, Inc. (the "Company") received a notice from the New York Stock Exchange ("NYSE") that it is below the continued listing criteria under Section 802.01C of the NYSE's listing standards, because the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period.
Under the applicable rules of the NYSE, the Company must notify the NYSE within ten business days of receipt of the non-compliance notice that it intends to regain compliance with the NYSE's price criteria. The Company intends to notify the NYSE within this time period that it intends to regain compliance. The Company has six months from its receipt of the non-compliance notice to cure the deficiency and regain compliance by having a closing price of at least $1.00 per share on the last trading day of any calendar month during the six-month cure period and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or by the Company meeting such standards on the last trading day of the cure period.
During the six-month cure period, the Company's common stock will continue to be listed and traded on the NYSE, subject to the Company's continued compliance with the NYSE's other applicable listing rules.
On December 21, 2012, the Company announced, through a press release, its receipt of the non-compliance notice and its intention to regain compliance. A copy of the press release is attached hereto as Exhibit 99.1.
(d) Exhibits.
Exhibit No. Description
99.1 Press release of Furniture Brands International, Inc. dated December
21, 2012, relating to Continued Listing Standards Notice from the
New York Stock Exchange.
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