0000909518-11-000421.txt : 20111229 0000909518-11-000421.hdr.sgml : 20111229 20111229170146 ACCESSION NUMBER: 0000909518-11-000421 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111229 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: 20111229 DATE AS OF CHANGE: 20111229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMR CORP CENTRAL INDEX KEY: 0000006201 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 751825172 STATE OF INCORPORATION: DE FISCAL YEAR END: 0120 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08400 FILM NUMBER: 111287267 BUSINESS ADDRESS: STREET 1: 4333 AMON CARTER BLVD CITY: FORT WORTH STATE: TX ZIP: 76155 BUSINESS PHONE: 8179631234 MAIL ADDRESS: STREET 1: 4333 AMON CARTER BLVD CITY: FORT WORTH STATE: TX ZIP: 75261-9616 8-K 1 jg12-2911_8k.htm 8-K jg12-2911_8k.htm

 
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 earliest event reported:  December 27, 2011
 
 
AMR CORPORATION
(Exact name of registrant as specified in its charter)
 
 
          Delaware                                 1-8400                                  75-1825172       
(State of Incorporation)  ( Commission File Number)   (IRS Employer Identification No.)
 
 
4333 Amon Carter Blvd.      Fort Worth, Texas              76155
(Address of principal executive offices)                     (Zip Code)
 
 
                     (817) 963-1234      
                                                                                          (Registrant's telephone number)
 
 
 
           (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:
 
[ ]   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 December 27, 2011, AMR Corporation (“AMR”) received written notification from the New York Stock Exchange (“NYSE”) that the average closing price of AMR's common stock fell below the NYSE's continued listing minimum share price standard of $1.00 over a consecutive 30-trading-day period as of December 27, 2011.  This condition subjected AMR's common stock (ticker symbol AMR), 7.875% Public Income Notes (PINES) due 2039 (ticker symbol AAR), and 9.00% Debentures due 2016 (ticker symbol AMR 16) to the NYSE's suspension and delisting procedures.  The NYSE expects that trading in AMR’s securities will be suspended prior to the opening of the market on Thursday, January 5, 2012.

AMR has informed the NYSE that, due to its recent Chapter 11 filing, it is not able to affirm an intent to cure the aforementioned share price deficiency and, accordingly, does not oppose the suspension and delisting from trading on the NYSE of its securities.  AMR expects its securities to be delisted from the NYSE upon approval by the Securities and Exchange Commission.

Item 8.01.                      Other Events

On December 29, 2011 AMR issued a press release that announced the matters addressed in Item 3.01 of this Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1.


Item 9.01.                      Financial Statement and Exhibits
 
 Exhibit
Number
Description  
 
99.1  
 
Press release dated December 29, 2011.
 
 
 
 
 

 
 
SIGNATURE
 
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.
 
 
 
AMR CORPORATION
 
       
 
  /s/ Kenneth W. Wimberly  
    Kenneth W. Wimberly  
    Corporate Secretary  
       
 
Dated:  December 29, 2011
 
 
 
 

 
 
 
EXHIBIT INDEX
 
Exhibit
 
99.1
 
Description
 
Press release dated December 29, 2011.
 


 
EX-99.1 2 jg12-2911_8kex991.htm PRESS RELEASE jg12-2911_8kex991.htm
Exhibit 99.1
 



 
 
CONTACT:
Sean Collins
   
Corporate Communications
   
Fort Worth, Texas
   
817-967-1577
   
mediarelations@aa.com

FOR RELEASE: Thursday, Dec. 29, 2011
 
AMR COMMON STOCK AND RELATED LISTED SECURITIES
TO BE DELISTED FROM NEW YORK STOCK EXCHANGE
 
FORT WORTH, Texas –  AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, reported that it has received written notification from the New York Stock Exchange (NYSE) advising AMR that its common stock traded under the symbol AMR, its 9% Debentures due 2016 traded under the symbol AMR 16 and its 7.875% PINES (Public Income Notes) due 2039 traded under the symbol AAR will be suspended from trading on the NYSE, and that the NYSE will apply to the  Securities and Exchange Commission to commence delisting procedures for these securities.  The suspension will begin prior to the opening of the market on Thursday, Jan. 5, 2012. NYSE advised AMR that it is taking these steps because the average closing price of AMR’s common stock fell below the NYSE’s continued listing minimum share price standard of $1 over a consecutive 30-trading-day period.
Due to the company’s Chapter 11 filing, AMR is not able to affirm an intent to cure the aforementioned share price deficiency and, accordingly, does not oppose the suspension and delisting of its securities.
The company expects that price quotations for its common stock and publicly traded debt securities will be available under new symbols on the OTC Bulletin Board (OTCBB) and Pink Sheets Electronic Quotation Service as early as January 5, 2012.  The company will publicly announce the new symbols and their effective date as soon as practicable.  Information about these services is available at www.otcbb.com and www.pinksheets.com.
AMR cannot predict what the ultimate value of any of its securities may be, and it remains too early to determine whether holders of any such securities will receive any distribution in the Chapter 11 reorganization. In particular, in most Chapter 11 cases, holders of equity securities receive little or no recovery of value from their investment.
 
 
--more--
 

AMR COMMON STOCK AND RELATED LISTED SECURITIES TO BE DELISTED
 
Dec. 29, 2011
Page 2
 
As a result, AMR urges investors to exercise appropriate caution with respect to any existing or future investments in AMR's securities.
 
About American Airlines
 
American Airlines, American Eagle and the AmericanConnection® carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,300 daily flights. The combined network fleet numbers more than 900 aircraft. American's award-winning website, AA.com®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 10,000 daily flights to 149 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc.
 
AMR Corporation, and certain of its United States-based subsidiaries, including American Airlines, Inc. and AMR Eagle Holding Corporation, on Nov. 29 filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York. More information about the Chapter 11 filing is available on the Internet at http://aa.com/restructuring.
 
Forward Looking Statement
 
This press release contains "forward-looking statements." These statements are based on AMR management's current expectations and assumptions, and as such involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that the company now anticipates — both in connection with the Chapter 11 filings and AMR's business and financial prospects. Statements of management's expectations, including its desire to successfully restructure in order to return the company to long term viability and financial strength, to compete effectively in the marketplace, to cut costs and to restore profitability, are based on current assumptions and expectations. No assurance can be made that these events will come to fruition. Readers are referred to the documents filed by the company with the Securities and Exchange Commission, which further identify the important risk factors which could cause actual results to differ materially from the forward-looking statements in this release. Those risks include, without limitation, the potential impact of volatile and rising fuel prices. The company disclaims any obligation to update any forward-looking statements.
 
# # #
 
 
 
 
AMR Corp. releases can be accessed on the Internet.
 
The address is http://www.aa.com
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