-----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, CfKkkk5WM1K4xP0SLbNmtnlbLVn9gJUqcuh9d0KQg8VLnR7nha6wYChBexPZg7Ee V7SFIbJxNRlCVar1ntxinQ== 0000950134-08-006462.txt : 20080411 0000950134-08-006462.hdr.sgml : 20080411 20080411170720 ACCESSION NUMBER: 0000950134-08-006462 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080407 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20080411 DATE AS OF CHANGE: 20080411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PFSWEB INC CENTRAL INDEX KEY: 0001095315 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 752837058 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28275 FILM NUMBER: 08752887 BUSINESS ADDRESS: STREET 1: 500 NORTH CENTRAL EXPRESSWAY CITY: PLANO STATE: TX ZIP: 75074 BUSINESS PHONE: 9728812900 MAIL ADDRESS: STREET 1: 500 NORTH CENTRAL EXPRESSWAY CITY: PLANO STATE: TX ZIP: 75074 8-K 1 d55775e8vk.htm FORM 8-K e8vk
 

 
 
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): APRIL 7, 2008
PFSweb, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware
(STATE OR OTHER JURISDICTION
OF INCORPORATION) 		  000-28275
(COMMISSION FILE NUMBER) 		  75-2837058
(IRS EMPLOYER
IDENTIFICATION NO.)
500 NORTH CENTRAL EXPRESSWAY
PLANO, TX 75074
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(972) 881-2900
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE )
N/A
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
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:
o   Written communication 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))
 
 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 3.01.   Notice of Delisting of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
     PFSweb, Inc. (the “Company”) has received a Nasdaq Staff Deficiency Letter dated April 7, 2008 indicating that, based on a review of the Company’s closing bid price for a consecutive 30 day period, the Company did not comply with the minimum $1.00 minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Marketplace Rule 4310(c)(4) (the “Rule”). This notification has no effect on the listing of the Company’s common stock at this time.
     In accordance with Marketplace Rule 4310(c)(8)(D), the Company has been afforded a 180-day grace period in order to achieve compliance through achieving or exceeding the $1 minimum closing bid price requirement for a minimum of 10 consecutive business days. If compliance with the Rule cannot be demonstrated within the 180 day period, Nasdaq will determine whether the Company meets the Nasdaq Capital Market initial listing criteria as set forth in Marketplace Rule 4310(c), except for the minimum closing bid price requirement. If the Company meets the initial listing criteria, Nasdaq will notify the Company that it has been granted an additional 180 calendar day compliance period.
     The Company will seek to regain compliance within the initial 180 day cure period and will consider alternatives to address compliance with the continued listing standards of The Nasdaq Stock Market, including seeking to effect a reverse stock split.

 

 

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.
         
  PFSweb, Inc.
 		  
Dated: April 11, 2008  By:   /s/ Thomas J. Madden    
    Thomas J. Madden   
    Executive Vice President,
Chief Financial and
Accounting Officer 		  
 

 

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