-----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, FQIf+A8L4J+e1CKijwyW7b4iXA0eTCsBQH4MG9pAjzPYLcLm9Q0Jr4T5dbuh11z1 F4Pfu9kx79ghfB0vB/dCtg== 0001104659-08-074188.txt : 20081202 0001104659-08-074188.hdr.sgml : 20081202 20081202171709 ACCESSION NUMBER: 0001104659-08-074188 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081201 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081202 DATE AS OF CHANGE: 20081202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERCOM COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001067837 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 231701044 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14461 FILM NUMBER: 081225776 BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 610-660-5610 MAIL ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 8-K 1 a08-29609_18k.htm 8-K

 

 

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):  December 1, 2008

 

ENTERCOM COMMUNICATIONS CORP.

(Exact Name of Registrant as Specified in Charter)

 

Pennsylvania

 

001-14461

 

23-1701044

(State or Other Jurisdiction

 

(Commission File Number)

 

(I.R.S. Employer

of Incorporation)

 

 

 

Identification No.)

 

 

 

 

 

401 City Avenue, Suite 809

 

 

Bala Cynwyd, Pennsylvania

 

19004

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (610) 660-5610

 

 

(Former Address of Principal Executive Offices)

 

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 (see General Instruction A.2. below):

 

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))

 

 

 



 

Item 3.01.                  Notice of Failure to Satisfy a Continued Listing Rule.

 

On December 1, 2008, Entercom Communications Corp. (the “Company”) was notified by the New York Stock Exchange (“NYSE”) that it is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual relating to the average minimum share price required over a consecutive 30 trading day period.

 

In accordance with NYSE rules, the Company intends to notify the NYSE within 10 business days of its intent to cure the deficiency and return to compliance with the listing standards within the cure period provided by NYSE rules.  During this time the Company’s common stock will continue to be listed on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements.

 

As required under NYSE rules, the Company issued a Press Release on December 2, 2008, announcing that it had received the notice and that the Company intends to cure the deficiency.  A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01.                  Exhibits

 

(d)                                 Exhibits

 

Exhibit No.

 

Title

 

 

 

99.1

 

Entercom Communications Corp.’s Press Release, issued December 2, 2008.

 

2



 

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.

 

 

Entercom Communications Corp.

 

 

 

 

 

By:

/s/ John C. Donlevie

 

 

John C. Donlevie

 

 

Executive Vice President

 

 

 

Dated: December 2, 2008

 

 

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Title

 

 

 

99.1

 

Entercom Communications Corp.’s Press Release, issued December 2, 2008.

 

4


EX-99.1 2 a08-29609_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Entercom Communications Corp.

Receives Continued Listing Standards Notice From The NYSE

 

(Bala Cynwyd, Pa. December 2, 2008) Entercom Communications Corp. (NYSE: ETM) announced today that on December 1, 2008 the Company received notification from the New York Stock Exchange (the “NYSE”) that the Company has fallen below the continued listing standard which requires a minimum average closing price of $1.00 per share over 30 consecutive trading days.

 

The Company has a period of six months, subject to possible extension, to bring its share price and average share price to at least $1.00.  Under NYSE rules, the Company’s common stock will continue to be listed on the NYSE during the cure period, subject to the Company’s compliance with other NYSE continued listing requirements.  The Company plans to notify the NYSE that it intends to cure the deficiency.

 

Note Regarding Forward-Looking Statements

 

This news announcement contains certain forward-looking statements that are based upon current expectations and certain unaudited pro forma information that is presented for illustrative purposes only and involves certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.  Additional information and key risks are described in the Company’s filings on Forms 8-K, 10-Q and 10-K with the Securities and Exchange Commission.  Readers should note that these statements might be impacted by several factors including changes in the economic and regulatory climate and the business of radio broadcasting, in general.  The Company assumes no obligation to publicly update or revise any forward-looking statements.

 

Contact:

Steve Fisher

Executive Vice President-Operations and Chief Financial Officer

610-660-5647

 


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