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SPCHA > SEC Filings for SPCHA > Form 8-K on 28-Oct-2013All Recent SEC Filings

Show all filings for SPORT CHALET INC



Other Events

Item 8.01 Other Events.

Class B Shares Regain Compliance with Nasdaq Listing Rules

On October 24, 2013, Sport Chalet, Inc. (the "Company") received a letter from the staff ("the Staff") of the NASDAQ Stock Market ("Nasdaq") notifying the Company that it has regained compliance with the requirement for continued listing set forth in Rule 5460(a)(2) (the "Rule") of the Nasdaq Listing Rules.

As previously disclosed, on April 23, 2013, the Staff notified the Company that its Class B Common Stock had failed to maintain a minimum market value of publicly held shares ("MVPHS") of $1 million over the previous 30 consecutive business days as required by the Rule. The Staff also notified the Company that it had a period of 180 calendar days in which to regain compliance. In a letter dated October 24, 2013, the Staff informed the Company that it had determined that the MVPHS of the Company's Class B Common Stock has been $1 million or greater for the prior ten consecutive business days, from October 10, 2013 to October 23, 2013 and, accordingly, the Company has regained compliance with the Rule.

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