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PEI > SEC Filings for PEI > Form 8-K on 21-Jun-2013All Recent SEC Filings

Show all filings for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST | Request a Trial to NEW EDGAR Online Pro



Notice of Delisting or Failure to Satisfy a Continued L

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

In connection with the annual meeting of shareholders of Pennsylvania Real Estate Investment Trust (the "Company"), the term of trustee Stephen Cohen ended, including his term as a member of the audit committee. As a result, there were only two continuing members of that committee.

Section 303A.07 of the NYSE Listed Company Manual requires that the audit committee have a minimum of three members at all times, and on June 19, 2013, the Company received a letter from the New York Stock Exchange indicating that the Company was deficient in meeting the requirements of that section, and that if the deficiency was not cured by June 26, 2013, the Company would be deemed noncompliant.

On June 20, 2013, the Company's board of trustees appointed Charles Pizzi, a new trustee elected at this year's annual meeting, to the audit committee. As a result, the Company is now in compliance with Section 303A.07 of the NYSE Listed Company Manual.

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