-----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, TxilWtICEvfxcyLQM4NvlJrmaDt6/icCKr6y9p6D0cu4u2yKl8SbUcR4y+WpuH5h 7dVkKua7DUIQhhiwzw12Dg== 0001193125-11-021506.txt : 20110202 0001193125-11-021506.hdr.sgml : 20110202 20110202131431 ACCESSION NUMBER: 0001193125-11-021506 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110201 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110202 DATE AS OF CHANGE: 20110202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFOSONICS CORP CENTRAL INDEX KEY: 0001274032 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 330599368 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32217 FILM NUMBER: 11565788 BUSINESS ADDRESS: STREET 1: 4350 EXECUTIVE DRIVE, SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858 373-1600 MAIL ADDRESS: STREET 1: 4350 EXECUTIVE DRIVE, SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 d8k.htm FORM 8-K Form 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): February 1, 2011 (February 2, 2011)

 

 

InfoSonics Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-32217   33-0599368

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

4350 Executive Drive, Suite #100,

San Diego, CA 92121

(Address of principal executive offices)

Registrant’s telephone number, including area code: (858) 373-1600

Not Applicable

(Former name or former 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 (see General Instruction A.2. below):

 

¨ 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 February 1, 2011 the Company received notification from The NASDAQ Stock Market that the Company had regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price requirement. The Company had been notified on May 4, 2010 that the bid price of its common stock had closed at less than $1.00 per share over the previous 30 consecutive business days and was provided 180 calendar days, or until November 1, 2010, to regain compliance. On November 2, 2010, NASDAQ approved the Company’s application to transfer the listing of its common stock to The NASDAQ Capital Market from its then current position on The NASDAQ Global Market. Upon transfer to the Capital Market, the Company was afforded an additional 180 calendar days until May 2, 2011 to regain compliance with the $1.00 bid price requirement. The NASDAQ Stock Market has indicated that this matter is now closed.

 

Item 8.01. Other Events

On February 2, 2011, the Registrant issued a press release announcing that it had received notification from The NASDAQ Stock Market that the Company had regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price requirement.

 

Item 9.01. Financial Statements and Exhibits

Exhibit 99.1 Press Release dated February 2, 2011.

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.

 

    InfoSonics Corporation
   

/s/ Vernon A. LoForti

    Vernon A. LoForti
Date: February 2, 2011     Chief Financial Officer
 EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

InfoSonics Regains Compliance with NASDAQ Rule 5550,

$1.00 Minimum Bid Requirement

SAN DIEGO, February 2, 2011 – InfoSonics Corporation (NASDAQ: IFON) today announced that, on February 1, 2011 it received a notification from the NASDAQ Stock Market indicating that the Company has regained compliance with NASDAQ Rule 5550(a)(2) in that the Company’s closing bid price has been at $1.00 per share or greater for at least 10 consecutive business days. The notification stated that the matter of the deficiency, which arose as of May 4, 2010, is now closed.

About InfoSonics Corporation

InfoSonics is a provider of wireless handsets and related products to carriers and distributors in Latin America and Asia Pacific. The Company distributes products supplied by OEMs and also designs, develops, manufactures, markets, sells and provides after-sales support for its own proprietary line of products under the verykool® and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and at www.verykool.net.

Contacts:

Vernon A. LoForti

Chief Financial Officer

vern.loforti@infosonics.com

858-373-1675

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