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): May 20, 2013
MAUI LAND & PINEAPPLE COMPANY, INC.
(Exact name of registrant as specified in its charter)
Hawaii |
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001-06510 |
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99-0107542 |
(State of Incorporation) |
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(Commission File Number) |
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(IRS Employer |
200 Village Road, Lahaina, Maui, Hawaii 96761
(Address of principal executive offices) (Zip Code)
(808) 877-3351
(Registrants telephone number, including area code)
N/A
(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 14a-12 under the Exchange Act (17 CFR 240.14a-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 8.01 Other Events
On May 20, 2013, Maui Land & Pineapple Company, Inc. was informed by the New York Stock Exchange (NYSE) that it has returned to compliance with the NYSE continued listing standards. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number |
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Description |
99.1 |
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Maui Land & Pineapple Company, Inc. Press Release dated May 20, 2013. |
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.
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MAUI LAND & PINEAPPLE COMPANY, INC. | |
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Date: May 22, 2013 |
By: |
/s/ TIM T. ESAKI |
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Tim T. Esaki |
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Chief Financial Officer |
Exhibit 99.1
NEWS RELEASE |
Contact: |
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Tim T. Esaki |
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(808) 665-5480 |
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tesaki@kapalua.com |
MAUI LAND & PINEAPPLE BACK IN NYSE COMPLIANCE
KAPALUA RESORT, Hawaii, May 20, 2013 (BUSINESS WIRE)
Maui Land & Pineapple Company, Inc. (NYSE: MLP) has been informed by the New York Stock Exchange (NYSE) that it is now considered a company back in compliance with the NYSEs continued listing standards. The NYSE decision was based on MLPs consistent positive performance with respect to its business plan and the NYSEs market capitalization standards over the past two quarters.
The NYSE notified the Company in October 2012 that it was not in compliance with the NYSEs continued listing standards because its average market capitalization was less than $50 million over a 30 trading-day period and its most recently reported shareholders equity was less than $50 million. In December 2012, the Company submitted a business plan outlining its actions to achieve compliance within 18 months.
On May 20, 2013, MLPs average market capitalization over a 30 trading-day period was approximately $81 million.
About Maui Land & Pineapple Company, Inc.
Maui Land & Pineapple Company, Inc. develops, sells, and manages residential, resort, commercial, and industrial real estate. The Company owns approximately 23,000 acres of land on Maui and manages properties, utilities, and a nature preserve at the Kapalua Resort.
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