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): July 23, 2007
SONIC SOLUTIONS
(Exact name of registrant as specified in its charter)
California | 23190 | 93-0925818 |
(State or other jurisdiction of organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
101 Rowland Way, Suite 110 Novato, CA | 94945 | |
(Address of principal executive offices) | (Zip code) |
Registrant's telephone number, including area code: | (415) 893-8000 |
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)) |
Item 8.01 Other Events.
On July 23, 2007, Sonic Solutions (“Sonic”) received notice that the NASDAQ Listing Hearing and Review Council (the “Listing Council”) has determined to call for review the decision by the NASDAQ Listing Qualifications Panel (the “Panel”) dated June 20, 2007. In that decision, the Panel had decided to continue Sonic’s listing, provided that Sonic file its Form 10-Q for the quarter ended December 31, 2006 and its Form 10-K for the period ended March 31, 2007, and solicit proxies and hold an annual meeting for its fiscal year ended March 31, 2006, on or before July 23, 2007. As previously announced, Sonic’s filings and holding of an annual meeting were delayed due to its voluntary review of its historical and current stock option grant practices and related accounting. Concurrent with the call for review, the Listing Council determined to stay the suspension of Sonic’s securities by the Panel. Accordingly, pending further action by the Listing Council, Sonic’s shares will remain listed on The Nasdaq Global Select Market. The Listing Council has invited Sonic to make a submission on or before August 31, 2007.
While Sonic’s common stock will remain listed on The Nasdaq Global Select Market pending the conclusion of the Listing Council’s review, there can be no assurance that the Listing Council will determine that Sonic’s shares should remain listed on The Nasdaq Global Select Market following the completion of its review.
On July 23, 2007, Sonic issued a press release announcing its receipt of the notice of the Listing Council decision to call the Panel decision for review. The full text of the press release is attached as Exhibit 99.1 to this Current Report and is hereby incorporated herein by reference.
Item 9.01. Financial Statements And Exhibits.
d. Exhibits
The following exhibits are furnished with this Current Report on Form 8-K:
Exhibit | Description | |
99.1 | Press release dated July 23, 2007 regarding call for review by NASDAQ Listing Hearing and Review Council of June 20, 2007 decision by the NASDAQ Listing Qualifications Panel. |
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.
SONIC SOLUTIONS | ||
| | |
By: | /s/ David C. Habiger | |
Name: David C. Habiger | ||
Title: President and Chief Executive Officer | ||
(Principal Executive Officer) | ||
Date: July 24, 2007 |