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 2, 2004
PPT VISION, INC.
(Exact name of Registrant as specified in its charter)
Minnesota |
| 0-11518 |
| 41-1413345 |
(State or other jurisdiction of |
| (Commission File Number) |
| (I.R.S. Employer Identification |
|
|
|
|
|
12988 Valley View Road |
| 55344 | ||
(Address of principal executive offices) |
| (Zip Code) | ||
Registrant’s telephone number, including area code (952) 996-9500
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Items 1,2, 4-8 are not applicable and therefore omitted.
ITEM 3.01 NOTICE OF FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD
On November 2, 2004 the Company was informed by Nasdaq that the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4310(c)(4) (the “Rule”). The Company has been provided 180 calendar days, or until May 2, 2005, to regain compliance. If, at anytime before May 2, 2005, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company complies with the Rule. An additional 180 day grace period may be provided if, at the end of the initial grace period, the Company meets the Nasdaq SmallCap Market initial listing criteria as set forth in Marketplace Rule 4310(c), except for the bid price requirement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits—None
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.
|
| PPT VISION, INC. | ||
|
|
|
| |
|
| By | /s/ Timothy C. Clayton |
|
|
|
| Timothy C. Clayton | |
|
|
| Chief Financial Officer | |
|
|
|
| |
Dated: November 8, 2004 |
|
|
| |
2