- Current report filing (8-K)
April 15 2011 - 6:45AM
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): April 12, 2011
HELIOS AND MATHESON NORTH AMERICA
INC.
(Exact name of registrant as
specified in its charter)
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Delaware
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0-22945
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13-3169913
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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200 Park Avenue South, New
York, New York
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10003
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number,
including area code:
(212) 979-8228
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(Former name or former address if changed since last report.)
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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:
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))
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ITEM 8.01 OTHER
EVENTS
On July 20, 2010
and on July 23, 2010, Helios and Matheson North America Inc. (the
“Company”) received letters from The NASDAQ Stock Market
(“NASDAQ”) regarding the Company’s failure to comply with
NASDAQ Listing Rules 5550(a)(5) (the “Market Value Rule”) and
5550(a)(2) (the “Minimum Bid Price Rule”), respectively. On
January 19, 2011 and on January 20, 2011 the Company received letters
from NASDAQ indicating that the Company’s continued failure to comply
with the Market Value Rule and the Minimum Bid Price Rule would result in the
Company’s securities being delisted from NASDAQ unless the Company
requested a hearing to appeal this determination.
The Company requested
a hearing and on February 24, 2011, the Company appeared before the NASDAQ
hearing panel. On April 12, 2011, the Company received a letter from
NASDAQ informing the Company that the Nasdaq Hearing Panel granted the
Company’s request for continued listing subject to the condition that, on
or before July 18, 2011, the Company must have evidenced a closing bid
price of $1.00 or more for a minimum of ten prior consecutive trading days and
a market value of publically held shares of at least $1,000,000 for a minimum
of ten prior consecutive trading days.
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SIGNATURES
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.
HELIOS AND MATHESON
NORTH AMERICA INC.
By:
/s/ Umesh
Ahuja
Chief
Financial Officer
Date:
April 14, 2011
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