-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B/j7fPeo0A442PuqmMmP/vLhhKT0CuwsTr28oxurPsG+rlPM6imCwFgG3sfyH9S2 8y3xIhKE3StiowRG2NqNUQ== 0000916641-02-001980.txt : 20021115 0000916641-02-001980.hdr.sgml : 20021115 20021115171843 ACCESSION NUMBER: 0000916641-02-001980 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021115 ITEM INFORMATION: Other events FILED AS OF DATE: 20021115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30110 FILM NUMBER: 02830498 BUSINESS ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 5619957670 MAIL ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 8-K 1 d8k.txt CURRENT REPORT 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 November 15, 2002 SBA COMMUNICATIONS CORPORATION ------------------------------ (Exact name of registrant as specified in its charter) Florida 000-30110 65-0716501 - -------------------------------------------------------------------------------- (State or other jurisdiction of Commission File Number (I.R.S. Employer incorporation or organization) Identification No.) 5900 Broken Sound Parkway NW Boca Raton, Florida 33487 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) (561) 995-7670 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5 Other Events and Required FD Disclosure SBA Communications Corporation (the "Company") received a notice from Nasdaq Listing Qualifications of The Nasdaq Stock Market, Inc. ("Nasdaq") dated November 12, 2002 indicating that the Company was not in compliance with Marketplace Rule 4450(a)(5), because the Company's Class A Common Stock has closed below the minimum $1.00 per share requirement during the past 30 consecutive trading days. The Company has been granted until February 10, 2003 to regain compliance with Marketplace Rule 4450(a)(5). If at any time before February 10, 2003, the bid price of the Company's Class A Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance. If compliance with this requirement is not demonstrated by February 10, 2003, Nasdaq will provide written notification that the Company's Class A Common Stock will be delisted from the Nasdaq National Market, at which time, the Company may appeal Nasdaq's determination. The Nasdaq notice stated that the Company may want to apply to transfer its Class A Common Stock to the Nasdaq SmallCap Market provided that the Company satisfies the continued inclusion requirements for that market. If the Company submits a transfer application and pays the applicable listing fees by February 10, 2003, the initiation of the delisting proceedings will be stayed pending Nasdaq's review of the application. If the Company is unable to meet the minimum maintenance requirements during the initial grace period, or its application to transfer to the Nasdaq SmallCap Market, if made, is denied, then the Company would be subject to delisting. Delisting of the Company's Class A Common Stock could materially affect the market price and liquidity of the Class A Common Stock and the Company's future ability to raise necessary capital. 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. November 15, 2002 /s/ John F. Fiedor ------------------- John F. Fiedor Chief Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----