0000876661-20-000427.txt : 20200520
0000876661-20-000427.hdr.sgml : 20200520
20200520154601
ACCESSION NUMBER: 0000876661-20-000427
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20200520
DATE AS OF CHANGE: 20200520
EFFECTIVENESS DATE: 20200520
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: J C PENNEY CO INC
CENTRAL INDEX KEY: 0001166126
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311]
IRS NUMBER: 260037077
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0201
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15274
FILM NUMBER: 20897972
BUSINESS ADDRESS:
STREET 1: 6501 LEGACY DRIVE
CITY: PLANO
STATE: TX
ZIP: 75024-3698
BUSINESS PHONE: 9722431100
FORMER COMPANY:
FORMER CONFORMED NAME: J C PENNEY HOLDINGS INC
DATE OF NAME CHANGE: 20020128
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0001166126
J C PENNEY CO INC
001-15274
6501 Legacy Drive
Plano
TX
TEXAS
75024
(972) 243-1000
5.65% Senior Notes due June 1, 2020
17 CFR 240.12d2-2(b)
Christopher Rances
Senior Analyst
2020-05-20
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of the Common Stock, Preferred Stock Purchase Rights, and 5.65% Senior Notes due June 1, 2020 (the 'Securities') of J. C. Penney Company, Inc. (the 'Company') from listing and registration on the Exchange at the opening of business on June 1, 2020, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Securities are no longer suitable for continued listing and trading on the Exchange.
The Exchange reached its decision pursuant to Section 802.01D of the Listed Company Manual (the "Manual) based on the Company's May 15, 2020 announcement that it had filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.
Section 802.01D of the Manual states that the Exchange would normally give consideration to suspending or removing from the list a security of a company when 'an intent to file under any of the sections of the bankruptcy law has been announced or a filing has been made or liquidation has been authorized and the company is committed to proceed.'
Pursuant to the above authorization, the Company was notified by phone and letter on May 18, 2020 of the Exchange's intention to initiate delisting proceedings. Further, on May 18, 2020, press releases noting the initiation of delisting proceedings and the suspension of trading in the Securities were issued and posted on the Exchange's website.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the 'Committee') the determination to delist the Securities, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. On May 18, 2020, the Company disclosed that it did not intend to appeal the determination. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.