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GPIC > SEC Filings for GPIC > Form 8-K on 28-May-2013All Recent SEC Filings

Show all filings for GAMING PARTNERS INTERNATIONAL CORP | Request a Trial to NEW EDGAR Online Pro



Notice of Delisting or Failure to Satisfy a Continued Listing

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

As previously reported, on May 16, 2013, Gaming Partners International Corporation (the "Company") notified the Nasdaq Stock Market ("NASDAQ"), the stock exchange on which the Company's common stock is listed, that the Company is not in compliance with NASDAQ Listing Rule 5605(c)(2) requiring the Company to have an Audit Committee comprised of three independent directors.

On May 24, 2013, the Company received a letter from NASDAQ regarding the noncompliance. Consistent with NASDAQ Listing Rule 5605(c)(4), NASDAQ granted a cure period to allow the Company to regain compliance with NASDAQ Listing Rule 5605(c)(2) as follows:

until the earlier of the Company's next annual stockholder's meeting or May 15, 2014; or

if the next annual stockholders meeting is held before November 11, 2013, then the Company must evidence compliance no later than November 11, 2013.

Because the Company does not intend to hold its next annual stockholder's meeting prior to November 11, 2013, the Company expects that the cure period granted by NASDAQ will expire on May 15, 2014.

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