-----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, UMexTcYTODtgEaR9ttZdCOTRwdkArBNaKfGfwbiPhrhgmuV5HTbn5o5VUAbkUL28 gAjxdtjWSbryeRIQId8S0g== 0001193125-03-067364.txt : 20031027 0001193125-03-067364.hdr.sgml : 20031027 20031027112902 ACCESSION NUMBER: 0001193125-03-067364 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031020 ITEM INFORMATION: FILED AS OF DATE: 20031027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RURAL METRO CORP /DE/ CENTRAL INDEX KEY: 0000906326 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 860746929 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22056 FILM NUMBER: 03957787 BUSINESS ADDRESS: STREET 1: 8401 EAST INDIAN SCHOOL RD CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 4809943886 8-K 1 d8k.htm FORM 8-K Form 8-K

 

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): October 20, 2003

 


 

RURAL/METRO CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE   0-22056   86-0746929

(State or other

jurisdiction of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

8401 East Indian School Road

Scottsdale, Arizona

  85251
(Address of Principal Executive Offices)   (Zip Code)

 

(480) 606-3886

(Registrant’s telephone number, including area code)

 



Item 12.   Results of Operations and Financial Condition

 

On October 20, 2003, Rural/Metro Corporation, a Delaware corporation (the “Company”) received written notice from the Nasdaq Listing Qualifications Panel (the “Panel”) stating that although the Company filed its Form 10-Q for the third quarter ended March 31, 2003, and its Form 10-K for the fiscal year ended June 30, 2003, the Company no longer satisfies the $500,000 net income from continuing operations standard, or the alternative standards, for continued listing of the Company’s Common Stock on the Nasdaq SmallCap Market. Accordingly, before the Panel renders a determination in connection with the Company’s continued listing status, the Company is invited to submit a plan of compliance to Nasdaq no later than October 27, 2003. The Company plans to file a plan of compliance by such date.

 

The Panel also stated that, because the Company is now in compliance with The Nasdaq Stock Market’s filing requirement, effective with the opening of business on Thursday, October 23, 2003, the Company’s trading symbol will be changed from RUREC to RURLC.

 

A copy of the release is filed herewith as Exhibit 99.1.

 

The information in this Form 8-K, including the exhibits, shall not be deemed to be “filed” for purposes of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities thereof, nor shall it be deemed to be incorporated by reference in any filing under the Exchange Act or under the Securities Act of 1933, as amended, except to the extent specifically provided in any such filing.

 

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.

 

       

RURAL/METRO CORPORATION

Date: October 23, 2003       By:  

/s/    John S. Banas III        

         
               

John S. Banas III

Senior Vice President


CURRENT REPORT ON FORM 8-K

 

EXHIBIT INDEX

 

Exhibit No.

  

Exhibit


99.1

   Press Release of Rural/Metro Corporation dated October 22, 2003
EX-99.1 3 dex991.htm PRESS RELEASE Press Release

EXHIBIT 99.1

 

CONTACT:   

Liz Merritt, Rural/Metro Corporation

(480) 606-3337

Financial Dynamics, Investor Relations

Jim Byers (Investors)

(415) 439-4504

Christopher Katis (Media)

(415) 439-4518

 

For immediate release

 

RURAL/METRO RECEIVES NASDAQ DETERMINATION

 

SCOTTSDALE, Ariz. (October 22, 2003) – Rural/Metro Corporation (Nasdaq: RUREC/RURLC), a leading U.S. provider of ambulance and fire protection services, announced today that it has received a Nasdaq Staff Determination that the company has demonstrated compliance with the regulatory filing listing exception granted on July 17, 2003 by the Nasdaq Listing Qualifications Panel.

 

The Nasdaq Staff Determination received on October 20, 2003 further noted that due to the company’s recent restatement of prior-period financial statements and the discontinuation of its Latin American operations, it does not currently meet the standard for net income from continuing operations, or the alternative standards of shareholders’ equity or market value, as set forth in Marketplace Rule 4310(c)(2)(B). As a result, the company has been invited to submit a plan of compliance to the Panel so that it can make a final determination with regard to the company’s continued listing.

 

On October 14, 2003, the company filed its Form 10-Q for the third-quarter ended March 31, 2003 and Form 10-K for the fiscal year ended June 30, 2003, thereby complying with the filing requirement exception. In addition to the filing exception, the Panel required the company to timely file all periodic reports with the Securities and Exchange Commission and Nasdaq for all reporting periods ending on or before March 31, 2004. Should the company miss a filing deadline during this period, it will not be entitled to a new hearing on the matter and its securities may be delisted from The Nasdaq Stock Market.

 

The company’s common stock will continue to be traded on The Nasdaq SmallCap Market with the conditional listing identified by the character “C” remaining at the end of its trading symbol. The listing exception, identified by the character “E”, will be removed. Effective with the open of trading on Thursday, October 23, 2003, the trading symbol of the company’s securities will be changed from RUREC to RURLC.

 

Jack Brucker, President and Chief Executive Officer, said, “We are confident that we have a strong plan for continued compliance and will submit our response promptly to the Nasdaq Panel. We have worked diligently over the past several months to address a number of significant matters and strengthen our company for the future. We expect our first-quarter results to be on plan and remain


optimistic about the company’s outlook for fiscal 2004. We look forward to demonstrating to the Panel our ability to remain a Nasdaq-listed company.”

 

Rural/Metro Corporation provides emergency and non-emergency medical transportation, fire protection, and other safety services in 24 states and more than 400 communities throughout the United States.

 

Except for historical information herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the Company’s ability to successfully maintain its listing on the Nasdaq SmallCap Market; final determination of the Company’s results for the quarter ended September 30, 2003; the company’s ability to collect its accounts receivable; competitors’ actions; litigation matters; and the company’s ability to sustain operating cash flow, secure new contracts, retain existing contracts, improve earnings and operating margins, further enhance the efficiency of the collection process, and effectively manage collateral requirements and costs related to its insurance coverage. Additional factors that could affect the company are described in its Form 10-K for the year ended June 30, 2003 under the caption “Risk Factors” in the Management’s Discussion and Analysis section, and other factors as described from time to time in the company’s SEC filings. The company disclaims any obligation to update its forward-looking statements.

 

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