-----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, Uu1eijNpXdu8IwOZzasPQhQyu4WApifgn/iuso+bzcMyuhvdV82yuOMMrj1JBi1l ZItOLfct2qmlf0nSOAVDnQ== 0001104659-08-043043.txt : 20080630 0001104659-08-043043.hdr.sgml : 20080630 20080630144102 ACCESSION NUMBER: 0001104659-08-043043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080625 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080630 DATE AS OF CHANGE: 20080630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVANS & SUTHERLAND COMPUTER CORP CENTRAL INDEX KEY: 0000276283 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 870278175 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14677 FILM NUMBER: 08925325 BUSINESS ADDRESS: STREET 1: 770 KOMAS DR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: 8015881815 MAIL ADDRESS: STREET 1: 770 KOMAS DR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 8-K 1 a08-17653_18k.htm 8-K

 

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): June 25, 2008

 

EVANS & SUTHERLAND COMPUTER CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Utah

 

0-8771

 

87-0278175

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

770 Komas Drive, Salt Lake City, Utah

 

 

 

84108

(Address of Principal Executive Offices)

 

 

 

(Zip Code)

 

(Registrant’s telephone number, including area code) (801) 588-1000

 

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:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 425 under the Exchange Act (17 CFR 240.14.a-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

 

On June 25, 2008, Evans & Sutherland Computer Corporation (“E&S”) received a notice of non-compliance from the Listing Qualifications Staff of The Nasdaq Stock Market (the “Staff”) indicating that E&S had failed to regain compliance with the minimum market value of publicly held shares requirement of Marketplace Rule 4450(a)(2) (the “Staff Determination”).  As a result, E&S’ common stock was subject to delisting unless E&S requested a hearing before The Nasdaq Listing Qualifications Panel (the “Panel”).  E&S has requested a hearing to review the Staff Determination regarding compliance with the Marketplace Rule 4450(a)(2).  E&S’ shares will continue to be listed on The Nasdaq Global Market pending the decision of the Panel. There can be no assurance, however, that the Panel will reverse the Staff Determination.

 

In the event of an unfavorable determination by the Panel, E&S could apply to have its common stock transferred to The Nasdaq Capital Market. The Company may also elect to make such application prior to the Panel hearing.

 

On June 30, 2008, E&S issued a press release to announce the Staff Determination, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein.

 

Item 9.01                                             Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release, dated June 30, 2008, issued by Evans & Sutherland Computer Corporation

 

2



 

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.

 

 

Date: June 30, 2008

EVANS & SUTHERLAND COMPUTER

 

CORPORATION

 

 

 

By:

  /s/ Paul Dailey

 

Name: Paul Dailey

 

Its:  Chief Financial Officer and Corporate

 

Secretary

 

3


EX-99.1 2 a08-17653_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

770 Komas Drive

 

NEWS RELEASE

Salt Lake City, UT 84108 USA

 

For Immediate Release

 

Evans & Sutherland Receives Nasdaq Notification

 

SALT LAKE CITY, UTAH, June 30, 2008, Evans & Sutherland Computer Corporation (E&S) (NASDAQ: ESCC) today announced that it has requested a hearing before The NASDAQ Listing Qualifications Panel (the “Panel”) to appeal a Staff Determination to delist E&S’ common stock from The Nasdaq Global Market.

 

E&S received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market on June 25, 2008 indicating that E&S had failed to regain compliance with the minimum market value of publicly held shares requirement of Marketplace Rule 4450(a)(2) (the “Staff Determination”).  As a result, E&S’ common stock was subject to delisting unless E&S requested a hearing before the Panel.  E&S has requested a hearing to review the Staff Determination regarding compliance with the Marketplace Rule 4450(a)(2).  E&S’ shares will continue to be listed on The Nasdaq Global Market pending the decision of the Panel. There can be no assurance, however, that the Panel will reverse the Staff Determination.

 

In the event of an unfavorable determination by the Panel, E&S could apply to have its common stock transferred to The Nasdaq Capital Market. The Company may also elect to make such application prior to the Panel hearing.

 

Statements in this press release which are not historical, including statements regarding E&S’ or management’s intentions, hopes, beliefs, expectations, representations, projections, plans, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The Company assumes no obligation except as required by law to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “should,” “plan,” “goal,” “believe,” “confident” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance together with the negative of such expressions. Among the factors that could cause actual results to differ

 



 

materially are the following: the ability of the Company to successfully integrate the Spitz business; the ability to complete production models of its laser projectors without further delays or higher costs; the Company’s ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; results of the Board’s evaluation of alternatives available to enhance value for shareholders; and market and general economic conditions. A further list and description of these risks, uncertainties and other matters can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

E&S is a registered trademark of Evans & Sutherland Computer Corporation.

 

###

 

Contact:

David H. Bateman

President and CEO

Evans & Sutherland

770 Komas Drive, Salt Lake City, UT 84108

801-588-1674

dbateman@es.com

 


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