Current Report Filing (8-k)
June 04 2019 - 4:30PM
Edgar (US Regulatory)
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)
May 29, 2019
ENGlobal
Corporation
(Exact name of registrant as specified in its charter)
Nevada
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001-14217
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88-0322261
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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654
N. Sam Houston Parkway E., Suite 400, Houston, Texas
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77060-5914
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
281-878-1000
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
stock, $0.001 par value
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ENG
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Nasdaq
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
3.01
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Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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As
previously reported, on November 27, 2018, ENGlobal Corporation (the “Company”) received written notice from The Nasdaq
Stock Market (“Nasdaq”) indicating that the Company was not in compliance with the $1.00 minimum bid price requirement
for continued listing on the Nasdaq Capital Market, as set forth in Listing Rule 5550(a)(2) and that the Company had a period
of 180 calendar days, or until May 28, 2019, to regain compliance with the minimum bid price requirement.
Although
the Company did not regain compliance with the minimum bid price requirement by the May 28, 2019 deadline, on May 29, 2019, the
Company received notification from Nasdaq indicating that the Company will have an additional 180-day grace period, or until approximately
November 25, 2019, to regain compliance with the minimum bid requirement.
If,
at any time during this additional grace period, the closing bid price of the Company’s common stock is at least $1 per
share for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and
the matter will be closed. If the Company chooses to implement a reverse stock split, however, it must complete the split no later
than 10 business days prior to the expiration of the additional grace period in order to timely regain compliance.
If
the Company does not meet the minimum bid requirement during the additional 180-day grace period, Nasdaq will provide written
notification to the Company that its common stock will be subject to delisting. At that time, the Company can request Nasdaq for
a hearing to present a plan to regain compliance.
The
Nasdaq notification does not impact the Company’s listing on the Nasdaq Capital Market at this time, and the Company’s
common stock will continue to trade under its current symbol “ENG” during the additional 180-day compliance period.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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ENGlobal
Corporation
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(Registrant)
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June
4, 2019
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/s/
Mark A. Hess
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(Date)
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Mark
A. Hess
Chief
Financial Officer, Corporate Secretary and Treasurer
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