- Current report filing (8-K)
May 22 2009 - 8:34AM
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 18, 2009
ETRIALS WORLDWIDE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
000-50531
|
20-0308891
|
(Commission
File Number)
|
(IRS
Employer ID
Number)
|
4000 Aerial Center Parkway, Morrisville, North
Carolina
|
27560
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area code
(919)
653-3400
__________________
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:
£
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
£
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
T
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
£
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
On
May 18, 2009, etrials Worldwide, Inc. received a notice from the Nasdaq
Stock Market indicating that it no longer complies with the requirements of
Nasdaq Marketplace Rule 5450(b)(1)(A) for continued listing on the Nasdaq Global
Market. The rule requires that etrials maintain minimum stockholders’ equity of
$10,000,000. As reported in etrials’ Quarterly Report on Form 10-Q for the three
months ended March 31, 2009, etrials’ stockholders’ equity was $9,626,348
as of March 31, 2009.
etrials
has until June 2, 2009 to provide a plan to regain compliance with the Nasdaq
Global Market listing requirement and a time frame to complete the plan. If
Nasdaq determines that etrials’ plan is not sufficient to achieve and sustain
compliance in the long term, it will provide written notice that etrials’
securities will be delisted. At such time, etrials may appeal the decision to a
Nasdaq Listing Qualifications Panel. etrials is currently preparing its plan for
compliance with Nasdaq Global Market listing requirements and expects to submit
the plan to Nasdaq by the June 2, 2009 deadline. etrials may also consider
applying to list its securities on the Nasdaq Capital Market if it satisfies the
requirements for continued listing on that market.
On May
22, 2009, etrials issued a press release regarding the notification from Nasdaq,
a copy of which is attached to this report as Exhibit 99.1 and incorporated
herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
99.1
|
Press
release dated May 22, 2009.
|
SIGNATURE
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 thereunto duly
authorized.
|
ETRIALS
WORLDWIDE, INC.
|
|
|
|
|
Date: May
22, 2009
|
|
|
/s/ Joseph (Jay) F. Trepanier,
III
|
|
Joseph
(Jay) F. Trepanier, III
|
|
Chief
Financial Officer
|
Etrials Worldwide (MM) (NASDAQ:ETWC)
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