-----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, KVjDRcXYvk73bkYC8M4eqq0by62Te9FvqHv8NfFpGcDAO6gcWIhtAbZh1+knqNeZ H+iskFVt9McuL7UsuxeARA== 0001193125-05-034703.txt : 20050223 0001193125-05-034703.hdr.sgml : 20050223 20050223075320 ACCESSION NUMBER: 0001193125-05-034703 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050223 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20050223 DATE AS OF CHANGE: 20050223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL ELECTRONICS INC CENTRAL INDEX KEY: 0000717751 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 042654231 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16305 FILM NUMBER: 05632809 BUSINESS ADDRESS: STREET 1: 427 TURNPIKE ST CITY: CANTON STATE: MA ZIP: 02072 BUSINESS PHONE: 6178215566 MAIL ADDRESS: STREET 1: 427 TURNPIKE STREET CITY: CANTON STATE: MA ZIP: 02021 8-K 1 d8k.htm FORM 8-K Form 8-K

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: February 23, 2005

 

Commission File Number 0-16305

 


 

INTERNATIONAL ELECTRONICS, INC.

(Exact name of small business issuer as specified in its charter)

 


 

MASSACHUSETTS   04-2654231

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

 

427 Turnpike Street, Canton, Massachusetts 02021

(Address of principal executive offices, including zip code)

 

(781) 821-5566

(Issuer’s telephone number, including area code)

 


 

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 (see General Instruction A.2. below):

 

¨ 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

 

On January 18, 2005, International Electronics, Inc. (“IEI” or “Company”) received notice from Nasdaq that IEI does not comply with Nasdaq marketplace rule 4310(c)(2)(B) which requires IEI to have a minimum of $2,500,000 in stockholders equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.

 

On February 2, 2005, IEI furnished to Nasdaq certain materials and a request for continued listing on the Nasdaq SmallCap Market. On February 17, 2005, Nasdaq determined that the Company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. Accordingly, Nasdaq informed the Company that IEI’s securities will be delisted from the Nasdaq SmallCap Market at the opening of business on February 28, 2005.

 

IEI intends to appeal the Nasdaq staff determination to a Nasdaq Listings Qualifications Panel pursuant to Nasdaq Marketplace Rule 4800 Series. Such a hearing request will stay the delisting of IEI securities pending the Panel’s decision.


SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: February 23, 2005

  INTERNATIONAL ELECTRONICS, INC.
    By:  

/s/ John Waldstein


        John Waldstein
        President, Chief Executive Officer,
        Chief Financial Officer and Treasurer
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