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SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Date of report (Date of earliest event reported): December 3, 2002
SMARTDISK CORPORATION
Delaware | 000-27257 | 65-0733580 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
3506 Mercantile Avenue, Naples, Florida 34104
Registrant’s telephone number, including area code: (239) 436-2500
Item 5. Other Events | ||||||||
Item 7. Exhibits | ||||||||
SIGNATURES | ||||||||
EX-99.1 |
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SMARTDISK CORPORATION
FORM 8-K
CURRENT REPORT
Item 5. Other Events
On December 3, 2002, SmartDisk Corporation (the “Company”) received a notice from the NASDAQ Listing Qualifications Panel indicating it had determined to transfer the listing of the Company’s common stock to the NASDAQ SmallCap market, effective with the open of business on Wednesday, December 4, 2002, pursuant to an exception to the minimum bid price requirement. Pursuant to the exception, on or before December 26, 2002 the Company must evidence a closing bid price of at least $1.00 per share and, immediately thereafter, a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days. In the event the Company fails to evidence a closing bid price of at least $1.00 per share upon the expiration of the exception, it may be eligible for an additional 180-day grace period, provided it is able to demonstrate compliance with the other requirements for continued listing on the NASDAQ SmallCap Market.
Item 7. Exhibits
99.1 Press Release dated December 4, 2002
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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.
Date: December 5, 2002 | SMARTDISK CORPORATION | |||
By: | /s/ Michael S. Battaglia | |||
Michael S. Battaglia | ||||
President and Chief Executive Officer |
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