Applica Incorporated
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 22, 2005
(Exact name of Registrant as specified in its charter)
Commission File Number 1-10177
|
|
|
Florida
|
|
59-1028301 |
|
|
|
(State or other jurisdiction of incorporation or organization)
|
|
(I.R.S. Employer Identification Number) |
|
|
|
3633 Flamingo Road, Miramar, Florida
|
|
33027 |
|
|
|
(Address of principal executive offices)
|
|
(Zip Code) |
Registrants telephone number, including area code: (954) 883-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2 below):
|
|
|
o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
|
|
|
o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)) |
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) |
|
|
|
Item 3.01 |
|
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
Applica Incorporated today announced that the New York Stock Exchange has notified the Company
that it has accepted Applicas proposed plan for continued listing on the NYSE.
As a result of the acceptance, Applicas common stock will continue to be listed on the NYSE
pending quarterly reviews by the NYSEs Listing and Compliance Committee to ensure progress against
the plan. Applica previously announced that the NYSE notified it that it was considered below
criteria because its total average market capitalization over a consecutive 30-day trading period
and its shareholders equity were each less than $75 million.
Failure to achieve the plans financial or operational goals could result in Applica being
subject to NYSE trading suspension and delisting. If Applica is unable to gain compliance with the
new standards, Applica will seek listing on another exchange.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits. On November 22, 2005, Applica issued a press release announcing that the NYSE
had accepted Applicas proposed plan for continued listing on the NYSE. A copy of the press
release is attached as Exhibit 99 to this report.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
Date: November 22, 2005 |
Applica Incorporated
|
|
|
By: |
/s/ Terry Polistina
|
|
|
|
Terry Polistina, Senior Vice President and Chief |
|
|
|
Financial Officer of Applica Incorporated |
|
3
Exhibit Index
|
|
|
|
|
Exhibit No. |
|
Description |
|
99 |
|
|
Applica Incorporated Press Release dated November 22, 2005 |
4