-----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, UTDq7ZYmk/ytjGhQfZCMdN7JID98DHFjlWyutMUS4xfFpxBBWMrhJLCqyg9dM38p oCqxY01Zbue2hsrBm3UM4w== 0000899140-01-500092.txt : 20010607 0000899140-01-500092.hdr.sgml : 20010607 ACCESSION NUMBER: 0000899140-01-500092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010531 ITEM INFORMATION: FILED AS OF DATE: 20010606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBALSTAR TELECOMMUNICATIONS LTD CENTRAL INDEX KEY: 0000933401 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 133795510 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25456 FILM NUMBER: 1654832 BUSINESS ADDRESS: STREET 1: CEDAR HOUSE 41 CEDAR AVENUE STREET 2: HAMILTON CITY: BERMUDA HM12 STATE: D0 BUSINESS PHONE: 4412952244 MAIL ADDRESS: STREET 1: 600 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 8-K 1 global020202.txt CURRENT REPORT ON 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): May 31, 2001 ------------------------------- GLOBALSTAR TELECOMMUNICATIONS LIMITED -------------------------------------------------- (Exact name of registrant as specified in its charter) Islands of Bermuda 0-25456 13-3795510 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12 --------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: --------------------------------------------------------- (441) 295-2244 Item 5. Other Events. ------------ On May 31, 2001, Globalstar Telecommunications Limited ("GTL") received a Nasdaq Staff Determination indicating that GTL no longer complied with the Minimum Bid Price requirements for continued listing as set forth in Market Place Rule 4450(a)(5) and that it was therefore subject to delisting from the Nasdaq National Market. GTL has applied to transition its listing to the Nasdaq SmallCap Market, and, accordingly, delisting from the Nasdaq National Market has been stayed until a final determination regarding its application is made. There can be no assurance that GTL's application for listing on the Nasdaq SmallCap Market will be approved. If it is not approved, GTL's listing will be transferred to the Over-The-Counter Bulletin Board, a regulated quotation service that offers real-time quotes, last-sale prices and volume information on selected over-the-counter equity securities. 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. GLOBALSTAR TELECOMMUNICATIONS LIMITED ----------------------------- (Registrant) Date: June 5, 2001 By: /s/ Avi Katz ------------------------------ Avi Katz Vice President and Secretary -----END PRIVACY-ENHANCED MESSAGE-----