0000876661-16-000698.txt : 20160106
0000876661-16-000698.hdr.sgml : 20160106
20160106151735
ACCESSION NUMBER: 0000876661-16-000698
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20160106
DATE AS OF CHANGE: 20160106
EFFECTIVENESS DATE: 20160106
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: INTERNATIONAL SHIPHOLDING CORP
CENTRAL INDEX KEY: 0000278041
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
IRS NUMBER: 362989662
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1028
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10852
FILM NUMBER: 161326583
BUSINESS ADDRESS:
STREET 1: 11 NORTH WATER STREET
STREET 2: SUITE # 18290
CITY: MOBILE
STATE: AL
ZIP: 36602
BUSINESS PHONE: 2512439100
MAIL ADDRESS:
STREET 1: P.O. BOX 2004
CITY: MOBILE
STATE: AL
ZIP: 36652
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
278041
INTERNATIONAL SHIPHOLDING CORP
001-10852
11 North Water Street
Suite 18290
Mobile
AL
ALABAMA
36606
(251) 243-9100
Common Stock
17 CFR 240.12d2-2(b)
Benjamin Sawyer
Manager
2016-01-06
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
New York Stock Exchange LLC ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of Common Stock, the 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock, and the 9.00% Series B Cumulative Redeemable Perpetual Preferred Stock (collectively, 'the Securities') of International Shipholding Corporation (the 'Company') from listing and registration on the Exchange at the opening of business on January 19, 2016, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Securities are no longer suitable for continued listing and trading on the Exchange.
The Exchange is taking this action because the Company fell below the continued listing standard requiring a listed company to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15 million.
1. Section 802.01B of the NYSE Listed Company Manual states, in part, that the Exchange will promptly delist a security of either a domestic or non-U.S. issuer when the issuer's average global market capitalization over a consecutive 30 trading-day period falls below $15 million regardless of the original standard under which the issuer listed.
2. The Exchange, on December 18, 2015, determined that the Securities should be suspended from trading after the close of trading on December 18, 2015, and directed the preparation and filing with the Commission of this application for the removal of the Securities from listing and registration on the Exchange. The Company was notified by phone and letter on December 18, 2015.
3. Pursuant to the above authorization, a press release was issued December 18, 2015. An announcement was made on the 'ticker' of the Exchange at the close of the trading session on December 18, 2015 and other dates of the proposed suspension of trading in the Securities. Similar information was included on the Exchange's website.
4. The Company had a right to appeal to the Committee for Review (the 'Committee') of the Board of Directors of NYSE Regulation, the determination to delist the Securities, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.