-----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, WtMWtMco2nK1FDZX8hDcSO4Rr1zIAkEqLJ67F3dPgirAqQZ5xQcD0eXCN+ZDkzIN leXHR1Hok+kiHGX0yQXurw== 0000950153-05-001565.txt : 20050706 0000950153-05-001565.hdr.sgml : 20050706 20050706160219 ACCESSION NUMBER: 0000950153-05-001565 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050629 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20050706 DATE AS OF CHANGE: 20050706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRILLIAN CORP CENTRAL INDEX KEY: 0001232229 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 050567906 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50289 FILM NUMBER: 05940770 BUSINESS ADDRESS: STREET 1: 1600 NORTH DESERT DRIVE CITY: TEMPE STATE: AZ ZIP: 85281-1230 BUSINESS PHONE: 6023898888 MAIL ADDRESS: STREET 1: 1600 NORTH DESERT DRIVE CITY: TEMPE STATE: AZ ZIP: 85281-1230 8-K 1 p70872e8vk.htm 8-K e8vk
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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

                              June 29, 2005                              

Date of Report (Date of earliest event reported)

          BRILLIAN CORPORATION          

(Exact Name of Registrant as Specified in Charter)
         
DELAWARE   000-50289   05-0567906
         
(State or Other
Jurisdiction of Incorporation) 		  (Commission File Number)   (IRS Employer
Identification No.)

1600 N. DESERT DRIVE
TEMPE, ARIZONA
                                        85281                                        

(Address of Principal Executive Offices) (Zip Code)

                              (602) 389-8888                              

(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):

     
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 Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
SIGNATURES

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Item 3.01.   Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     On June 29, 2005, we received a letter from the staff of The Nasdaq Stock Market stating that the staff believes that we did not comply with the stockholder approval requirements set forth in Nasdaq Marketplace Rule 4350(i)(1)(D)(ii) with respect to the private placement of certain of our 7% convertible debentures and warrants in April 2005 as a result of certain features of those debentures and warrants.

     In its letter, the staff stated that we failed to comply with Nasdaq shareholder approval requirements because the total potential issuance upon conversion of the debentures and exercise of the warrants is greater than 20% of our total shares outstanding pre-transaction at a price less than the greater of our book value or market value, which required us to obtain shareholder approval prior to these issuances. The staff of the Nasdaq National Market has asked us to provide a specific plan to achieve and sustain compliance with the Nasdaq rules by July 14, 2005.

     We are in the process of making the necessary revisions to the debentures and warrants in a manner that we believe will resolve the issue.

 

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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.
         
  BRILLIAN CORPORATION
 		  
Date: July 6, 2005  By:   /s/ Wayne A. Pratt    
    Wayne A. Pratt   
    Vice President and Chief Financial Officer   
 

 

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