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AVID > SEC Filings for AVID > Form 8-K on 18-Sep-2013All Recent SEC Filings

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Form 8-K for AVID TECHNOLOGY, INC.


18-Sep-2013

Other Events


Item 8.01. Other Events.

On September 16, 2013 Avid Technology, Inc. received a letter from The NASDAQ Stock Market LLC ("NASDAQ") indicating that the NASDAQ Hearings Panel (the "Panel") had granted the Company's request to extend the stay of the delisting of the Company's common stock pending the final determination regarding the Company's listing status. At a hearing before the Panel, the Company will present its plan to regain compliance with NASDAQ's filing requirement, as set forth in Listing Rule 5250(c)(1) (the "Rule") and request the continued listing of its common stock on NASDAQ pending such compliance. The Panel has the discretion to grant the Company an extension until March 14, 2014 to regain compliance with the Rule. There can be no assurance that the Panel will grant the Company's request. The Company will provide an update regarding its continued listing status once the Panel has reached a decision on the matter. Cautionary Note Regarding Forward-Looking Statements. Except for historical information contained in this Form 8-K and the press release attached as an exhibit hereto, this Form 8-K and the press release contain forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements.
Item 9.01. Financial Statements and Exhibits.

(d)          Exhibits.

Exhibit
Number  Description
99.1*   Press release dated September 18, 2013.

*Document furnished herewith


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