Current Report Filing (8-k)
June 14 2017 - 4:31PM
Edgar (US Regulatory)
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)
June 14, 2017 (June 13, 2017)
CAPSTONE TURBINE CORPORATION
(Exact name of registrant as specified in
its charter)
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Delaware
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001-15957
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95-4180883
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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21211 Nordhoff Street,
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Chatsworth, California
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91311
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(Address of principal executive offices)
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(Zip Code)
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(818) 734-5300
(Registrant’s telephone number, including
area code)
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:
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On June 13, 2017, Capstone Turbine Corporation,
a Delaware corporation (the “Company”), received notice that the Listing Qualifications Department of the Nasdaq Stock
Market (“Nasdaq”) has granted the Company an additional 180 days to regain compliance with Nasdaq’s $1.00 per
share minimum bid price requirement under Nasdaq Marketplace Listing Rule 5810(c)(3)(A), which will end on December 11, 2017. Previously,
on December 12, 2016, Nasdaq notified the Company that it did not meet the minimum bid price requirement required for continued
listing on The Nasdaq Capital Market, and the Company was given until June 12, 2017 to achieve compliance.
The Company may achieve compliance during
this additional 180-day period if the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum
of 10 consecutive business days by December 11, 2017. If the Company fails to regain compliance on or prior to December 11, 2017,
the Company’s stock will be subject to delisting by Nasdaq. The Company has provided written notice of its intention to cure
the minimum bid price deficiency during the second grace period by effecting a reverse stock split if necessary. The Company intends
to request stockholder approval of a reverse stock split at the Company’s annual meeting of stockholders, to be held on August
31, 2017.
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 hereunto duly authorized.
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CAPSTONE TURBINE CORPORATION
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Date: June 14, 2017
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By:
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/s/ Jayme L. Brooks
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Jayme L. Brooks
Chief Financial Officer and
Chief Accounting Officer
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