-----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, VyNIrjFX6UF9K2xpxXoMOzViR+wvM0GBe4j7DL3LqmU1RAFqOuF1DgYmfQXvIvJ7 7mEfP9YOe0IMG4kEmIziGQ== 0001193125-10-161850.txt : 20100720 0001193125-10-161850.hdr.sgml : 20100720 20100720170039 ACCESSION NUMBER: 0001193125-10-161850 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100715 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: 20100720 DATE AS OF CHANGE: 20100720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: C&D TECHNOLOGIES INC CENTRAL INDEX KEY: 0000808064 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 133314599 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09389 FILM NUMBER: 10960964 BUSINESS ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 BUSINESS PHONE: 2156192700 MAIL ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 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

(Date of earliest event reported)

July 15, 2010

 

 

C&D Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-9389   13-3314599

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

1400 Union Meeting Road,

Blue Bell, Pennsylvania

  19422
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (215) 619-2700

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:

 

¨ 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 15, 2010, we received notification from the New York Stock Exchange (the “NYSE”) that we have fallen below the continued listing standard which requires a minimum average closing price of $1.00 per common share over thirty consecutive trading days. Specifically, the NYSE advised us that we were “below criteria” for the average closing price of our common stock less than $1.00 per share over a consecutive 30-trading-day period, with an average closing price of $.97 as of July 8, 2010. As a result, the NYSE informed us that we were not in compliance with the NYSE’s continued listing criteria under Section 802.01C of the NYSE Listed Company Manual.

Under NYSE rules, we have a period of six months following receipt of the notification to bring our average common share price above $1.00 per share for thirty consecutive trading days in order to avoid delisting of our common shares on the NYSE. Our common stock will continue to be listed on the NYSE during this six month interim period, subject to compliance with other NYSE continued listing requirements and the NYSE’s right to reevaluate continued listing determinations. We plan to notify the NYSE that we intend to cure this deficiency in accordance with the NYSE rules.

A copy of our press release related to this matter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

99.1 Press Release dated July 20, 2010, furnished herewith.

 

2


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.

 

C&D TECHNOLOGIES, INC.
By:  

/S/    IAN J HARVIE        

 

Ian J. Harvie,

Vice President and Chief Financial Officer

Date: July 20, 2010

 

3

EX-99.1 2 dex991.htm PRESS RELEASE DATED JULY 20 , 2010 Press Release dated July 20 , 2010

EXHIBIT 99.1

LOGO

Shareholder Contacts:

Ian J. Harvie of C&D: 215-619-7835

C&D Technologies Receives Notice Regarding NYSE Listing

BLUE BELL, Pa., July 20, 2010 /PRNewswire-FirstCall/ — C&D Technologies, Inc. (NYSE: CHP - News), a leading North American producer and marketer of electrical power storage and conversion systems used in telecommunications, uninterrupted power supply (UPS) systems, utility and other high reliability applications, announced today that the Company received notification from the New York Stock Exchange (the “NYSE”) that the Company has fallen below the continued listing standard which requires a minimum average closing price of $1.00 per common share over thirty consecutive trading days.

Under NYSE rules, the Company has a period of six months following receipt of the notification to bring its average common share price above $1.00 per share for thirty consecutive trading days in order to avoid delisting of its common shares on the NYSE. The Company’s common stock will continue to be listed on the NYSE during this six month interim period, subject to compliance with other NYSE continued listing requirements and the NYSE’s right to reevaluate continued listing determinations. The Company plans to notify the NYSE that it intends to cure this deficiency in accordance with the NYSE rules.

About C&D Technologies:

C&D Technologies, Inc. provides solutions and services for the switchgear and control (utility), telecommunications, and uninterruptible power supply (UPS), as well as emerging markets such as solar power. C&D Technologies engineers, manufactures, sells and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored. C&D Technologies is headquartered in Blue Bell, PA. For more information about C&D Technologies, visit http://www.cdtechno.com.


Forward-looking Statements:

This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934), which are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Factors that appear with the forward- looking statements, or in the Company’s Securities and Exchange Commission filings (including without limitation the Company’s annual report on Form 10-K for the fiscal year ended January 31, 2010, or the quarterly and current reports filed on Form 10-Q and Form 8-K thereafter), could cause the Company’s actual results to differ materially from those expressed in any forward-looking statements made herein, including but not limited to the Company’s ability to achieve and maintain an average share price above $1.00 per share of its common stock at the expiration of the six month period, commencement by the NYSE of suspension and delisting procedures for failure to implement successfully a plan to correct non-compliance with the NYSE listing standards, the Company’s ability to satisfy the NYSE’s other continued listing standards, and the NYSE’s right to take more immediate listing action in the event that the Company’s stock trades at levels that are viewed as abnormally low on a sustained basis or based on other factors.

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-----END PRIVACY-ENHANCED MESSAGE-----