-----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, Nw7Xb1CaU3etj+Lq43TxvXvzkigd5oOqNaYKO4/t5EDJPvzHQpJiYbAl3l+vuSmv i8LjgHCIVbRBZr2Sc/YJ3Q== 0000026987-03-000004.txt : 20030421 0000026987-03-000004.hdr.sgml : 20030421 20030421145756 ACCESSION NUMBER: 0000026987-03-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030421 ITEM INFORMATION: Other events FILED AS OF DATE: 20030421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMTEK INTERNATIONAL INC CENTRAL INDEX KEY: 0000026987 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 330213512 STATE OF INCORPORATION: DE FISCAL YEAR END: 0702 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08101 FILM NUMBER: 03656788 BUSINESS ADDRESS: STREET 1: 200 SCIENCE DRIVE CITY: MOORPARK STATE: CA ZIP: 93021 BUSINESS PHONE: 8055322800 MAIL ADDRESS: STREET 1: 200 SCIENCE DRIVE CITY: MOORPARK STATE: CA ZIP: 93021 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES DATE OF NAME CHANGE: 19880817 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DDL ELECTRONICS INC DATE OF NAME CHANGE: 19940119 8-K 1 delist.txt 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 14, 2003 _____________________ Exact Name of Registrant as Specified in Its Charter: SMTEK INTERNATIONAL, INC. ___________________________________ DELAWARE 1-8101 33-0213512 _____________________________ ____________ _____________ State or Other Jurisdiction of Commission I.R.S. Employer Incorporation or Organization File Number Identification No. Address of Principal Executive Offices: 200 Science Drive Moorpark, CA 93021 _________________________ Registrant's Telephone Number, Including Area Code: (805) 532-2800 _________________________ Former Name or Former Address, if Changed Since Last Report: Not Applicable _________________________ Item 5. Other Events and Required FD Disclosure. On April 21, 2003, SMTEK International, Inc. (the "Company") issued a press release announcing that it had received formal written notice from Nasdaq that the Staff had determined that the Company is not in compliance with Nasdaq Rule 4310(c)(2)(B) requiring that the Company maintain a minimum of $2,500,000 in stockholders' equity, and that its securities are, therefore, subject to delisting from The Nasdaq SmallCap Market effective upon the opening of business on April 23, 2003. A copy of the Company's press release is filed as Exhibit 99.1 hereto and is incorporated herein. Item 7. Financial Statements and Exhibits. (c) Exhibits: The following exhibits are filed with this report on Form 8-K: Exhibit Number Description of Exhibit 99.1 Press release, dated April 21, 2003. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 21, 2003 SMTEK INTERNATIONAL, INC. By: /s/ Kirk A. Waldron _________________________________ Kirk A. Waldron Senior Vice President Chief Financial Officer EXHIBIT INDEX Exhibit Number Description 99.1 Press release, dated April 21, 2003. [Footnote continued from previous page] [Footnote continued on next page] EX-99 3 press.txt Exhibit 99.1 [Company Logo} FOR IMMEDIATE RELEASE CONTACT: SMTEK INTERNATIONAL, INC. Kirk A. Waldron, CFO (805) 532-2800, ext. 111 SMTEK ANNOUNCES NASDAQ DELISTING NOTICE MOORPARK, Calif. (April 21, 2003) - SMTEK International, Inc. (NASDAQ: SMTI; Pacific Exchange: SMK), a provider of electronics manufacturing services, today announced that it received, on April 14, 2003, formal written notice from Nasdaq that the Staff had determined that the Company is not in compliance with Nasdaq Rule 4310(c)(2)(B) requiring that the Company maintain a minimum of $2,500,000 in stockholders' equity, and that its securities are, therefore, subject to delisting from The Nasdaq SmallCap Market effective upon the opening of business on April 23, 2003. In addition, as previously announced, the Company has been notified by Nasdaq that it is not in compliance with Nasdaq Rule 4310(c)(4) that requires the Company to maintain a minimum bid price of $1.00 per share for its common stock. The Company has requested a hearing before a Nasdaq Listing Qualifications Panel to appeal the staff's determination. The hearing date will be determined by Nasdaq, and the Company believes such hearings ordinarily occur within 45 days of the date of a company's request for a hearing. The Company's common stock will continue to be listed on The Nasdaq SmallCap Market pending the outcome of the hearing. There can be no assurance that the Company's request for continued listing on The Nasdaq SmallCap Market will be granted. If the Company's appeal is denied, its common stock will be delisted from The Nasdaq SmallCap Market. Although the Company's common stock may be eligible for quotation on the OTC Bulletin Board's electronic quotation system or another quotation system or exchange, there can be no assurance that the Company's securities will continue to be listed on any such system or exchange. About SMTEK Headquartered in Moorpark, California, SMTEK International, Inc. is an electronics manufacturing services provider serving original equipment manufacturers in the industrial instrumentation, medical, telecommunications, security, financial services automation, aerospace and defense industries. We provide integrated solutions to original equipment manufacturers across the entire product life cycle, from design to manufacturing to end-of-life services, for the worldwide low to medium volume, high complexity segment of the electronics manufacturing services industry. We have five operating facilities with locations in Moorpark, California; Santa Clara, California; Marlborough, Massachusetts; Fort Lauderdale, Florida; and the Ayuttya Province in Thailand. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor provisions created by those sections. Any forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are cautioned that forward-looking statements regarding future events and the future performance of SMTEK International, Inc. involve various risks and uncertainties that could cause actual results to differ materially from those described in these statements. Readers are referred to the documents filed by SMTEK International, Inc. with the Securities and Exchange Commission, including our most recent Reports on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time, for a more complete description of important risk factors and other information with respect to risks and uncertainties relating to the materials in this press release, as well as to other aspects of our business and financial condition. -----END PRIVACY-ENHANCED MESSAGE-----