- Current report filing (8-K)
December 02 2009 - 3:58PM
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)
: November 25, 2009
Sterling
Banks, Inc.
(Exact
Name of Registrant as Specified in Charter)
New
Jersey
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333-133649
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20-4647587
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(State
or Other Jurisdiction of
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(Commission
File
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(I.R.S.
Employer
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Incorporation)
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Number
)
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Identification
No.)
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3100
Route 38
Mount
Laurel, New Jersey 08054
(Address
of Principal Executive Offices and Zip Code)
Registrant's
telephone number, including area code: (856) 273-5900
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)
[ ] 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
November 25, 2009, Sterling Banks, Inc. (the “Company”) received a Nasdaq Staff
Delinquency Letter indicating that the Company is not in compliance with the
filing requirements under Nasdaq Marketplace Rule 5250(c)(1) since the Company’s
Form 10-Q for the period ended September 30, 2009 (the “Filing”) has not yet
been reviewed in accordance with Statement of Auditing Standards No. 100, as
required by Rule 8-03 of Regulation S-X. Additionally, the Filing did
not contain the certifications required under Section 906 of the Sarbanes-Oxley
Act of 2002. Pursuant to the Nasdaq Marketplace Rules, the Company
has 60 calendar days (or until January 25, 2010) to submit a plan to regain
compliance. If Nasdaq accepts the Company’s plan, then Nasdaq may
provide the Company with up to 180 calendar days from the due date of the
initial delinquent filing (or until May 24, 2010) to regain
compliance. If Nasdaq does not accept the Company’s plan, the Company
will have the opportunity to appeal that decision to a Hearings Panel. The
Company intends to timely submit a compliance plan with Nasdaq. The
Nasdaq notification has no effect on the listing of the Company’s common stock
at this time. On December 2, 2009, the Company issued a press release
announcing the receipt of the Nasdaq Staff Delinquency Letter. A copy
of the press release is attached hereto as Exhibit 99.1 and incorporated herein
by reference.
The
information in this Item 3.01 and the accompanying Exhibit 99.1 shall not be
deemed to be “filed” for purposes of Section 18 of the Securities and Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that section
or Sections 11 and 12(a)(2) of the Securities Act of 1933, as
amended. The information contained in this Item 3.01 and in the
accompanying Exhibit 99.1 shall not be incorporated by reference into any
offering circular, report or other document filed with the Securities and
Exchange Commission by the Company, whether made before or after the date
hereof, regardless of any general incorporation language in such filing, except
as shall be expressly set forth by specific reference in any such
filing.
Item
9.01.
Financial Statements and
Exhibits
.
(d)
Exhibits
.
Exhibit Number
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Description
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Press
release dated December 2, 2009, announcing the receipt of
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Nasdaq
Staff Delinquency Letter.
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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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STERLING
BANKS, INC.
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Date:
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December
2, 2009
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By:
/s/ Robert H.
King
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Name:
Robert H. King
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Title:
President and Chief Executive
Officer
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EXHIBIT
INDEX
Exhibit Number
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Description
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Press
release dated December 2, 2009, announcing the receipt
of
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Nasdaq
Staff Delinquency Letter.
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