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VRS > SEC Filings for VRS > Form 8-K on 18-Feb-2014All Recent SEC Filings

Show all filings for VERSO PAPER CORP.



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 February 14, 2014, the New York Stock Exchange, or "NYSE," notified us that it has accepted our plan to regain compliance with the NYSE's market capitalization continued listing standard. As previously disclosed, the NYSE notified us on December 16, 2013, that we had fallen below the NYSE's continued listing standard requiring that we maintain an average market capitalization over a consecutive 30 trading-day period of at least $50 million or stockholders' equity of at least $50 million. As permitted by the NYSE's rules, we recently submitted to the NYSE a plan to regain compliance with the market capitalization standard. With the NYSE's acceptance of the plan, we have until February 21, 2015, in which to regain compliance. In the meantime, our common stock will continue to be traded on the NYSE, subject to ongoing monitoring by the NYSE and our compliance with all other applicable NYSE requirements. As of the close of trading on February 14, 2014, our average market capitalization over the prior 30 consecutive trading days was approximately $159 million. On February 17, 2014, we issued a press release announcing the developments disclosed in this report. A copy of the press release is included as an exhibit to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits The following exhibit is included with this report:

Number                              Description

 99.1     Press release issued by Verso Paper Corp. on February 17, 2014.

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