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): August 10, 2012
CENTRAL EUROPEAN DISTRIBUTION CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE | 001-35293 | 54-1865271 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
3000 Atrium Way, Suite 265 Mount Laurel, New Jersey |
08054 | |||
(Address of Principal Executive Offices) | (Zip Code) |
(856) 273-6980
(Registrants 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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | 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.
On August 10, 2012, Central European Distribution Corporation (the Company) received a notification letter from a representative of the Listing Qualifications Department of The NASDAQ OMX Group (NASDAQ) stating that due to the Companys inability to timely file its Form 10-Q for the period ended June 30, 2012 (the 2nd Quarter Form 10-Q), the Company was not in compliance with NASDAQ Listing Rule 5250(c)(1). This notification was issued in accordance with standard NASDAQ procedures, in connection with the Companys announcement on August 10, 2012, on Form 12b-25 that the Company would not be able to timely file its 2nd Quarter Form 10-Q.
The NASDAQ notification letter noted that the Company has until October 9, 2012 to submit to NASDAQ a plan to regain compliance with the applicable listing rule. Upon acceptance of the Companys compliance plan, NASDAQ may grant the Company an exception of up to 180 calendar days from the 2nd Quarter Form 10-Qs initial due date, or until February 5, 2013, for the Company to regain compliance with NASDAQs filing requirements for continued listing. The Company intends to file its 2nd Quarter Form 10-Q with the United States Securities and Exchange Commission as soon as practicable. If necessary, the Company will submit a plan to regain compliance with NASDAQs filing requirements within the 60 day deadline.
Item 7.01 Regulation FD Disclosure.
On August 13, 2012, the Company issued a press release, a copy of which is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d) | Exhibits |
Exhibit |
Description | |
99.1 | Press Release dated August 13, 2012 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Central European Distribution Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CENTRAL EUROPEAN DISTRIBUTION CORPORATION | ||
By: |
/s/ Chris Biedermann | |
Chris Biedermann Chief Financial Officer |
Date: August 13, 2012
Exhibit 99.1
Central European Distribution Corporation
Receives NASDAQ Notification Letter
Mt. Laurel, New Jersey August 13, 2012 Central European Distribution Corporation (NASDAQ: CEDC) announced that on August 10, 2012, CEDC received a notification letter from a representative of the Listing Qualifications Department of The NASDAQ OMX Group (NASDAQ) stating that due to CEDCs inability to timely file its Form 10-Q for the period ended June 30, 2012 (the 2nd Quarter Form 10-Q), CEDC was not in compliance with NASDAQ Listing Rule 5250(c)(1). This notification was issued in accordance with standard NASDAQ procedures, in connection with CEDCs announcement on August 10, 2012, on Form 12b-25 that CEDC would not be able to timely file its 2nd Quarter Form 10-Q.
The NASDAQ notification letter noted that CEDC has until October 9, 2012 to submit a plan to regain compliance with the applicable listing rule to NASDAQ. Upon acceptance of CEDCs compliance plan, NASDAQ may grant CEDC an exception of up to 180 calendar days from the 2nd Quarter Form 10-Qs initial due date, or until February 5, 2013, for CEDC to regain compliance with NASDAQs filing requirements for continued listing.
The NASDAQ notice has no immediate effect on the listing or trading of CEDCs common stock on the NASDAQ Global Select Market. CEDC intends to file its 2nd Quarter Form 10-Q as soon as practicable and to fully regain compliance with the NASDAQ continued listing requirements upon such filing of its 2nd Quarter Form 10-Q. If necessary, CEDC will submit a plan to regain compliance with NASDAQs filing requirements within the 60 day deadline.
About Central European Distribution Company
CEDC is one of the worlds largest producers of vodka and Central and Eastern Europes largest integrated spirit beverage company. CEDC produces the Green Mark, Absolwent, Zubrowka, Bols, Parliament, Zhuravli, Royal and Soplica brands, among others. CEDC exports its products to many markets around the world, including the United States, England, France and Japan. CEDC also is a leading importer of alcoholic beverages in Poland, Russia and Hungary.
In Poland, CEDC imports many of the worlds leading brands, including Carlo Rossi Wines, Concha y Toro wines, Metaxa Liqueur, Rémy Martin Cognac, Sutter Home wines, Grants Whisky, Jagermeister, E&J Gallo, Jim Beam Bourbon, Sierra Tequila, Teachers Whisky, Campari, Cinzano, and Old Smuggler. CEDC is also a leading importer of premium spirits and wines in Russia with brands such as Concha y Toro, among others.
Cautionary Statement about Forward-Looking Information
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements about CEDCs anticipated time frame for filing restated financial statements and its 2nd Quarter Form 10-Q and CEDCs future compliance with the NASDAQ continued listing requirements. Forward looking statements are based on CEDCs knowledge of facts as of the date hereof and involve known and unknown risks and uncertainties that may cause the actual results, performance or
achievements of CEDC to be materially different from any future results, performance or achievements expressed or implied by CEDCs forward looking statements. Such risks include, among others, uncertainties regarding the timing of the completion of CEDCs Audit Committees investigation and the restatement, unanticipated accounting issues or audit issues regarding the financial data for the periods to be restated or adjusted, the inability of CEDC or its independent registered public accounting firm to confirm relevant information or data, unanticipated issues which prevent or delay CEDCs independent public accounting firm from concluding the audit or that require additional efforts, procedures or review, CEDCs inability to design or improve internal controls to address the identified issues, the impact of the late filing on CEDCs compliance with certain covenants included in CEDCs debt obligations, and the impact of the restatement and the late filing of its 2nd Quarter Form 10-Q, on CEDCs ongoing compliance with its legal and regulatory requirements. Investors are cautioned that forward looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. CEDC undertakes no obligation to publicly update or revise any forward looking statements or to make any other forward looking statements, whether as a result of new information, future events or otherwise, unless required to do so by securities laws. Investors are referred to the full discussion of risks and uncertainties included in CEDCs Form 10-K for the fiscal year ended December 31, 2011, including statements made under the captions Item 1A. Risks Relating to Our Business and in other documents filed by CEDC with the SEC.
Contact
Jim Archbold
Investor Relations Officer
Central European Distribution Corporation
856-273-6980
Anna Załuska
Corporate PR Manager
Central European Distribution Corporation
48-22-456-6061