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QCCO > SEC Filings for QCCO > Form 8-K on 30-Jul-2013All Recent SEC Filings

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Form 8-K for QC HOLDINGS, INC.


30-Jul-2013

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;


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

On July 24, 2013, the Company was notified by The Nasdaq Stock Market that due to the resignations of two directors effective as of the date of the Company's annual meeting of shareholders on June 5, 2013, the Company no longer was in compliance with Nasdaq's audit committee requirements set forth in Listing Rule 5605. As a result of the retirement of two independent directors from the Board of Directors (both of whom previously served on the Audit Committee), as of June 5, 2013, the Company had only two members (both independent, as defined in Nasdaq Listing Rule 5605) on its Audit Committee rather than the required three members. While Nasdaq granted the Company a cure period until the Company's next annual meeting in June 2014, the Board of Directors, at its regularly scheduled meeting on July 30, 2013, appointed a third independent member of the Board to the Audit Committee, effective as of July 30, 2013. The Company notified Nasdaq that the Company has regained compliance with the audit committee requirements set forth in Listing Rule 5605 and received a letter from Nasdaq acknowledging the company's compliance.

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