0001144204-12-040274.txt : 20120720 0001144204-12-040274.hdr.sgml : 20120720 20120720104227 ACCESSION NUMBER: 0001144204-12-040274 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120719 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: 20120720 DATE AS OF CHANGE: 20120720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN LEARNING Corp CENTRAL INDEX KEY: 0000774517 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SOCIAL SERVICES [8300] IRS NUMBER: 112601199 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14807 FILM NUMBER: 12971242 BUSINESS ADDRESS: STREET 1: ONE JERICHO PLAZA CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: 5169388000 MAIL ADDRESS: STREET 1: ONE JERICHO PLAZA CITY: JERICHO STATE: NY ZIP: 11753 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN CLAIMS EVALUATION INC DATE OF NAME CHANGE: 19920703 8-K 1 v319103_8k.htm 8-K CURRENT REPORT

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): July 20, 2012 (July 19, 2012)

 

 

American Learning Corporation

(Exact name of registrant as specified in its charter)

 

 

New York 0-14807 11-2601199
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)    

 

 

One Jericho Plaza, Jericho, New York 11753
(Address of principal executive offices) (Zip Code)

 

 

Registrant's telephone number, including area code: (516) 938-8000

 

 

 

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 July 19, 2012, American Learning Corporation (the “Company”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has regained compliance with Listing Rule 5550(a)(2) relating to the minimum bid price of the Company’s common stock (the “Shares”).
   
  On June 1, 2012, the Company had received a deficiency letter from Nasdaq indicating that the Company’s Shares were subject to delisting from The Nasdaq Capital Market because the Company’s Shares had a bid price below the $1.00 minimum bid for 30 consecutive business days as required for continued listing.
   
  In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided a grace period of 180 calendar days, or until November 27, 2012, to regain compliance with this requirement.  Since then, the closing bid price of the Company’s Shares has been at $1.00 per share or greater for at least 10 consecutive business days.  Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now considered closed.
   
Item 9.01 Financial Statements and Exhibits.
   
  (d)    Exhibits.
   
Exhibit 99.1 Press Release of American Learning Corporation, dated July 20, 2012.

 

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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.

 

 

 

  AMERICAN LEARNING CORPORATION
     
     
Date:    July 20, 2012 By:  /s/ Gary Gelman
    Gary Gelman
    President and Chief Executive Officer

 

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EXHIBIT INDEX

 

 

Exhibit No. Description
   
      99.1 Press Release of American Learning Corporation, dated July 20, 2012.

 

 

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 EX-99.1 2 v319103_ex99-1.htm EXHIBIT 99.1

 

 

EXHIBIT 99.1

 

 

 

AMERICAN LEARNING CORPORATION REGAINS

COMPLIANCE WITH NASDAQ MARKETPLACE RULES

 

JERICHO, NY, July 20, 2012: American Learning Corporation (Nasdaq: ALRN) (the “Company”) announced today that it received notice from The Nasdaq Stock Market LLC (“Nasdaq”) on July 19, 2012 indicating that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) relating to the minimum bid price of the Company’s common stock (the “Shares”).

 

On June 1, 2012, the Company had received a deficiency letter from Nasdaq indicating that the Company’s Shares were subject to delisting from The Nasdaq Capital Market because for 30 consecutive business days the Company’s Shares had a bid price below the $1.00 minimum bid as required for continued listing.

 

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided a grace period of 180 calendar days, or until November 27, 2012, to regain compliance with this requirement for continued inclusion on The Nasdaq Capital Market. Since then, the closing bid price of the Company’s Shares has been at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now considered closed.

 

American Learning Corporation, through its wholly owned subsidiaries, Interactive Therapy Group Consultants, Inc. and Signature Learning Resources, Inc., offers a comprehensive range of services to children with developmental delays and disabilities.

 

For further information contact: Gary J. Knauer, Chief Financial Officer, American Learning Corporation, One Jericho Plaza, Jericho, NY 11753; telephone number (516) 938-8000.