Salton, Inc. Continued Listing Plan Accepted by New York Stock Exchange
August 21 2006 - 3:00PM
Business Wire
Salton, Inc. (NYSE:SFP) today announced that the New York Stock
Exchange (NYSE) has notified the Company that it has accepted
Salton's proposed plan for continued listing on the NYSE. As a
result of the acceptance, Salton's common stock will continue to be
listed on the NYSE pending quarterly reviews by the NYSE's Listing
and Compliance Committee during an 18 month period (which started
on May 19, 2006) to ensure compliance with the goals and
initiatives outlined in the plan. Salton previously announced that
the NYSE notified it that it was considered "below criteria"
because its total average market capitalization over a consecutive
30-day trading period and its stockholders' equity were each less
than $75 million. About Salton, Inc. Salton, Inc. is a leading
designer, marketer and distributor of branded, high quality small
appliances, electronics, home decor and personal care products. Its
product mix includes a broad range of small kitchen and home
appliances, electronics for the home, time products, lighting
products, picture frames and personal care and wellness products.
The Company sells its products under a portfolio of well recognized
brand names such as Salton(R), George Foreman(R), Westinghouse(TM),
Toastmaster(R), Melitta(R), Russell Hobbs(R), Farberware(R),
Ingraham(R) and Stiffel(R). It believes its strong market position
results from its well-known brand names, high quality and
innovative products, strong relationships with its customer base
and its focused outsourcing strategy.
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