DE | 26-1631624 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
In accordance with NASDAQ Marketplace Rule 4450(e)(2), the Company will be provided 180 calendar days, or until March 16, 2009, to regain compliance with the minimum bid price requirement. If, at any time before March 16, 2009, the bid price of the Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the NASDAQ staff will provide the Company with a written notification that it has achieved compliance with the minimum bid price requirement.
If the Company does not regain complian ce with the minimum bid price requirement by March 16, 2009, the NASDAQ staff will provide the Company with written notification that the Common Stock will be delisted from The NASDAQ Global Market. At that time, the Company may appeal the delisting determination to a NASDAQ Listing Qualifications Panel. Alternatively, the Company may also apply to transfer the Common Stock to The NASDAQ Capital Market if the Common Stock satisfies all criteria, other than compliance with the minimum bid price requirement, for initial inclusion on such market. In the event of such a transfer, the NASDAQ Marketplace Rules provide that the Company will be afforded an additional 180 calendar days to comply with the minimum bid price requirement while listed on The NASDAQ Capital Market.
On September 22, 2008, the Company issued a press release regarding the notification, a copy of which is attached hereto as Exhibit 99.1.
Air Transport Services Group, Inc. | ||||||||
Date: September 22, 2008 | By: | /s/ W. Joseph Payne | ||||||
W. Joseph Payne | ||||||||
Sr. VP, Corporate General Counsel & Secretary | ||||||||
Exhibit No. | Description | |
EX-99.1 | ATSG RECEIVES NASDAQ DEFICIENCY NOTICE |