-----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, V9/HzipfR+4DdBoR/rIA82PNuP+vnEWNAMR0M1NvyUVOQruvjzFWPLM33u7ciscg MlJAQFxJDMGzEuQwEBbxbQ== 0001104659-06-055964.txt : 20060818 0001104659-06-055964.hdr.sgml : 20060818 20060818084804 ACCESSION NUMBER: 0001104659-06-055964 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060814 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: 20060818 DATE AS OF CHANGE: 20060818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GTSI CORP CENTRAL INDEX KEY: 0000850483 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 541248422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19394 FILM NUMBER: 061042240 BUSINESS ADDRESS: STREET 1: 3901 STONECROFT BLVD CITY: CHANTILLY STATE: VA ZIP: 20151-0808 BUSINESS PHONE: 703-502-2000 MAIL ADDRESS: STREET 1: 3901 STONECROFT BLVD CITY: CHANTILLY STATE: VA ZIP: 20151-1010 8-K 1 a06-18293_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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): August 14, 2006

 

GTSI Corp.

 

Incorporated in Delaware

 

Commission File No. 0-19394

 

I.R.S. Employer Identification No. 54-1248422

 

3901 Stonecroft Boulevard

Chantilly, Virginia  20151-1010

(703) 502-2000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy 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 materials 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 3.01                                           Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 14, 2006, GTSI Corp. (“Company” or “GTSI”) received a Nasdaq Staff Determination stating that GTSI failed to satisfy the requirements for continued listing under Nasdaq Market Place Rule 4310(c)(14) as a result of GTSI’s failure to file its Quarterly Report on Form 10-Q for the period ended June 30, 2006 with the Securities and Exchange Commission (“SEC”), and that the Company’s securities would be subject to delisting from the Nasdaq National Stock Market.

GTSI requested, and was granted, a hearing before the Nasdaq Listing Qualification Panel (“Panel”) to review the Staff Determination which will stay the delisting pending the final written decision of the Panel. This hearing is scheduled for September 14, 2006.

While there is no assurance, the Company expects to avoid delisting of its common stock from The Nasdaq National Market by filing its Form 10-Q for the period ended June 30, 2006 with the SEC before delisting would otherwise take effect.

The August 16, 2006 press release announcing the receipt of this letter by the Company is attached as Exhibit 99.1 hereto.

Item 9.01               Financial Statements and Exhibits

(d) Exhibits.

99.1

 

Press Release issued by GTSI Corp., headlined “GTSI Reports Receipt of Nasdaq Staff Determination Letter”, dated August 16, 2006.

 

2




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 thereunto duly authorized.

 

GTSI Corp.

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Joe Ragan

 

 

 

 

Joe Ragan

 

 

 

 

Senior Vice President and CFO

Date:  August 18, 2006

3



EX-99.1 2 a06-18293_1ex99d1.htm EX-99

Exhibit 99.1

GTSI Reports Receipt of Nasdaq Staff Determination Letter

CHANTILLY, VA. — August 16, 2006 — GTSIÒ Corp. (Nasdaq: GTSI), today announced that it has received a staff determination letter from The Nasdaq Stock Market stating that because the Company has not filed its quarterly report on Form 10-Q for the period ending June 30, 2006 with the Securities and Exchange Commission (SEC), as required by Market Place Rule 4310(c)(14), GTSI’s common stock is subject to delisting from The Nasdaq National Market.  GTSI expects to request a hearing with Nasdaq which would stay the delisting pending the determination of NASDAQ’s hearing panel.

“This notification is standard operating procedure for Nasdaq,” said Jim Leto President and Chief Executive Officer of GTSI.  “We are confident that the thorough review of our financials is the prudent action to take, which resulted in the late filing of the 10-Q.  We look forward to presenting our plan of action to Nasdaq’s hearing panel.”

The company is in the process of amending and restating its 2004, 2005 and Q1 2006 financial statements.  While there is no assurance, the Company expects to avoid delisting of its common stock from The Nasdaq National Market by filing its Form 10-Q for June 30, 2006 with the SEC before delisting would otherwise take effect.

About GTSI Corp.

GTSI Corp. is the leading information technology product and solutions provider, combining best of breed products and services to produce solutions that meet government’s evolving needs. For more than two decades, GTSI has focused exclusively on Federal, State, and Local government customers worldwide, offering a broad range of products and services, an extensive contract portfolio, flexible financing options, global integration and worldwide distribution. GTSI’s practices incorporate certified experts and deliver exceptional solutions to support government’s critical transformation efforts.  Additionally, GTSI focuses on systems integrators on behalf of government programs. GTSI is headquartered in Northern Virginia, outside of Washington, D.C. Further information about the Company is available at www.GTSI.com/About.

Except for historical information, all of the statements, expectations, beliefs and assumptions contained in the foregoing are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management — including, but not limited to, those relating to revenue, margins, operating results and net income, and the effect of new contracts as well as new vendor relationships — may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements.  In addition to the above factors, other important factors that could cause actual results to differ materially are those listed in the Company’s most recent report on Form 10—K and included from time to time in other documents filed by the Company with the Securities and Exchange Commission.

GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other countries.  All trade names are the property of their respective owners.

GTSI Contact:

Paul Liberty

Area Vice President, Corporate Affairs & Investor Relations

703.502.2540

paul.liberty@gtsi.com

### ### ###



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