8-K 1 v129688_8k.htm Unassociated Document
 

 
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): October 21, 2008

WORKSTREAM INC.
(Exact Name of Registrant as Specified in Charter)
 
CANADA
 
001-15503
 
N/A
(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer 
Identification No.)
 

495 MARCH ROAD, SUITE 210, OTTAWA, ONTARIO, CANADA K2K-3G1
(Address of Principal Executive Offices) (Zip Code)

(613) 270-0619
 (Registrant's 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 (see General Instruction A.2. below):

oWritten 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))
 

 
 
 


 

On October 24, 2008, Workstream Inc. (the “Company”) issued a press release announcing that on October 21, 2008 it received additional notification from the Nasdaq Stock Market (“Nasdaq”) that it is not in compliance with the requirements for continued listing set forth in Nasdaq Marketplace Rule 4310(c)(14) because of its failure to file its quarterly report on Form 10-Q for the fiscal quarter ended August 31, 2008.  On September 17, 2008, the Company received a notice from Nasdaq stating that the Company was not in compliance with the requirements for continued listing because of its failure to file its annual report on Form 10-K for the fiscal year ended May 31, 2008. The Company filed an appeal of that decision with the Nasdaq Listing Qualifications Panel (the “Panel”) on September 23, 2008, requesting continued listing of its common shares until the Panel’s review and determination.  A hearing before the Panel to consider the appeal has been scheduled for October 30, 2008. In its October 21, 2008 letter, Nasdaq informed the Company that the Panel would consider the latest Market Place Rules violation at the hearing on October 30, 2008. The suspension of trading and delisting remains stayed pending such appeal.

A copy of the press release is attached hereto as Exhibit 99.1.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release issued by the Company on October 24, 2008

 
 
 

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.
  
     
 
WORKSTREAM INC.
 
 		  
 		  
 
Dated: October 24, 2008
 By:   /s/ Steve Purello
 
Name: Stephen Purello
 
Title: Chief Executive Officer
 

 

 
 
 

EXHIBIT INDEX


ExhibitNo.
Description
   
99.1
Press release issued by the Company on October 24, 2008