Date of Report (Date of Earliest Event
Reported): September 11, 2020
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Delaware
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94-3263974
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(State or Other Jurisdiction of
incorporation)
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(I.R.S. Employer Identification
No.)
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1440 Chapin Avenue,
Suite 310 Burlingame, CA
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94010
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(Address of principal executive
offices)
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(Zip Code)
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(650)-340-1888
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Registrant’s telephone number, including
area code:
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Not
Applicable
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Former Name or Former Address, if changed
since last report
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Title of each
class
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Trading
Symbol(s)
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Name of each exchange on which
registered
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Common Stock, par value $0.001 per
share
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ACY
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NYSE American
Exchange
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Item
3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of
Listing
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On September
11, 2020, AeroCentury Corp. (the “Company”) received a
deficiency letter from NYSE American LLC (the “NYSE
American”) stating that the Company is not in compliance with
the continued listing standards as set forth in Section 1003(a)(i)
– (iii) of the NYSE American Company Guide (the
“Company Guide”) as it has reported a
stockholders’ equity deficiency as of June 30, 2020 and
net losses in its two most recent fiscal years ended
December 31, 2018 and December 31, 2019. The letter has
no immediate effect on the listing of the Company’s common
stock on the NYSE American. The Company’s common stock will
continue to trade on the NYSE American while the Company takes
measures in an attempt to regain compliance with the continued
listing standards. Consistent with the rules set forth in the
Company Guide, the Company intends to submit a detailed plan of
compliance to the NYSE American within thirty days after receipt of
the Deficiency Letter, advising the NYSE American of the actions
the Company has taken, or plans to take, that would bring it into
compliance with the continued listing standards within 18 months of
receipt of the Deficiency Letter.
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(1)
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the election of two
members to the Board of Directors;
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(2)
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the approval, in a
non-binding vote, of the compensation of the Company's named
executive officers as disclosed in the Proxy Statement;
and
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(3)
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the ratification of the
appointment of BDO USA, LLP as the Company’s
independent registered public accounting firm.
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Nominee
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Votes For
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Votes Withheld
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Broker Non-Votes
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Roy E.
Hahn
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513,477 |
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133,113
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440,468
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Toni M.
Perazzo
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517,647
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128,943
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440,468
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Votes For
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Votes Against
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Votes Abstained
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Broker Non-Votes
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||||||||
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521,404
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117,282
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6,904
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440,468
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Votes For
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Votes Against
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Votes Abstained
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959,959 |
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55,432
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71,667
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AEROCENTURY CORP.
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Date: September 16,
2020
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By:
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/s/ Harold M.
Lyons
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Title: Sr. Vice -
President, Finance
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