-----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, WK3+yiHtQMUukm5kCIGPGl0lZJNDtLrFeAMZ1AWAWSZ7Y/VyZri+8DVhvbTrasTh NEspoQSUPm9Qy2T88rzMrA== 0001193125-04-116863.txt : 20040713 0001193125-04-116863.hdr.sgml : 20040713 20040712200850 ACCESSION NUMBER: 0001193125-04-116863 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040709 ITEM INFORMATION: Other events FILED AS OF DATE: 20040713 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: 04911015 BUSINESS ADDRESS: STREET 1: 8401 EAST INDIAN SCHOOL RD CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 4809943886 8-K 1 d8k.htm FORM 8K Form 8K

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 9, 2004

 


 

RURAL/METRO CORPORATION

(Exact name of registrant as specified in its charter)

 


 

DELAWARE

(State or other jurisdiction of incorporation)

 

0-22056   86-0746929
(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 5. Other Events

 

On July 9, 2004, Rural/Metro Corporation, a Delaware corporation (the “Company”) received notification from The Nasdaq SmallCap Market that it does not meet the market value of listed securities requirement for continued listing on the Nasdaq SmallCap Market. Effective with the open of business on July 13, 2004, the Company’s common stock will trade on the Over The Counter Bulletin Board (OTCBB) under the symbol RURL.

 

As previously disclosed, the Company was notified in April 2004 that it was not in compliance with Marketplace Rule 4310(c)(2)(B), which requires companies listed on the NASDAQ SmallCap Market to have a minimum of $35 million market value of listed securities, $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years, or $2.5 million in stockholders’ equity.

 

A copy of the Company’s press release relating to this notification is filed herewith as Exhibit 99.1.

 

The information in this Form 8-K, including the exhibit(s), 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: July 12, 2004

 

By:

 

/s/ Michael S. Zarriello


       

Michael S. Zarriello

       

Senior Vice President and Chief Financial Officer


CURRENT REPORT ON FORM 8-K

 

EXHIBIT INDEX

 

Exhibit No.

 

Exhibit


99.1   Press Release of Rural/Metro Corporation dated July 12, 2004
EX-99.1 2 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 NOTICE REGARDING LISTING

 

SCOTTSDALE, Ariz. (July 12, 2004) – Rural/Metro Corporation (Nasdaq: RURLC), a leading national provider of medical transportation and fire protection services, announced today that it has received notice from the Nasdaq Listing Qualifications Panel that it does not meet the market value of listed securities requirement for continued listing on the Nasdaq SmallCap Market. Effective with the open of business on Tuesday, July 13, 2004, the company’s common stock will trade on the Over The Counter Bulletin Board (OTCBB) under the symbol RURL.

 

Jack Brucker, President and Chief Executive Officer, said, “The decision by Nasdaq and the move to the OTCBB does not impact our operations or affect our ability to continue to implement our business plan. We believe our recent financial performance reflects the progress we are making toward achieving consistent, solid financial results and sustainable growth. Furthermore, we believe we are well positioned to achieve further improvement in fiscal 2005.”

 

For the nine months ended March 31, 2004, the company reported net revenue of $401.0 million, and net income from continuing operations of $5.1 million.

 

Brucker continued, “The system on which our stock is traded does not reflect our ability to perform financially or to provide top-quality service to our customers. The OTC Bulletin Board is a well-established trading system, and we look forward to working with them.”

 

As previously disclosed, the company was notified in April that it was not in compliance with Marketplace Rule 4310(c)(2)(B), which requires companies listed on the NASDAQ SmallCap Market to have a minimum of $35 million market value of listed securities, $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years, or $2.5 million in stockholders’ equity.

 

The OTCBB is a regulated quotation service that displays real-time quotes, last sale prices and volume information in over-the-counter equity securities. OTCBB securities are traded by a community of registered market makers that enter quotes and trade reports through a computer network. Information regarding the OTCBB, including stock quotes, can be found at www.otcbb.com. Investors should contact their broker for further information about executing trades in Rural/Metro’s common stock on the OTCBB.


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 may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the continued trading of the Company’s common stock on the OTC Bulletin Board; 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, and improve earnings and operating margins. Additional factors that could affect the company are described in its Form 10-K as amended 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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