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JOB > SEC Filings for JOB > Form 8-K on 12-Jun-2013All Recent SEC Filings

Show all filings for GENERAL EMPLOYMENT ENTERPRISES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for GENERAL EMPLOYMENT ENTERPRISES INC


12-Jun-2013

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

On June 6, 2013, General Employment Enterprises, Inc. (the "Company") received a letter (the "Letter") from NYSE MKT, LLC (the "NYSE MKT") stating that the Company did not meet certain of the Exchange's continued listing standards as set forth in the NYSE MKT Company Guide (the "Company Guide") and stated, among other things, that the Company has equity less than $4 million and has sustained losses from continuing operations and/or net losses in three of its four most recent fiscal years and, in the opinion of the Exchange, it is questionable as to whether the Company will be able to continue operations and/or meet its obligations as they mature based on its current overall financial condition, pursuant to Sections 1003(a)(ii) and 1003(a)(iv) of the NYSE MKT's Company Guide, respectively. The Company must submit a plan of compliance to the NYSE MKT by July 8, 2013.

On June 12, 2013 a press release announcing the receipt of the letter from the NYSE MKT, LLC was issued. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K.



Item 7.01 Regulation FD disclosure

Recently the motion to dismiss the Company and Michael Schroering from a lawsuit, brought by Derby Capital LLC and Derby Capital JOB LLC, was granted and fulfilled the requirement of the Fifth Amendment to the Account Purchase agreement with Wells Fargo.



Item 9.01 Financial Statements and Exhibits.

Exhibit No.   Description
   99.1       Press release issued by General Employment Enterprises, Inc. dated June
              12, 2013.


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