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): October 28, 2008
FLEETWOOD ENTERPRISES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-7699 95-1948322
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
3125 Myers Street, Riverside, California 92503-5527
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (951) 351-3500
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
provisions:
__ Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
__ 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))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard
On October 28, 2008, Fleetwood Enterprises, Inc. (the "Company") received
formal notification from NYSE Regulation, Inc. that it was not in compliance
with the New York Stock Exchange ("NYSE") continued listing standard under
Section 802.01C of the NYSE Listed Company Manual, which requires that the
average closing price of the Company's common stock trade at a minimum average
closing price of $1.00 over a consecutive 30-trading day period for continued
listing on the NYSE. The Company has six months, or until April 28, 2009, to
regain compliance with this standard or it will be subject to suspension and
delisting procedures. Compliance may be achieved if the Company brings its
share price and average share price above $1.00. During this six-month cure
period, and subject to compliance with the NYSE's other continued listing
standards, the Company expects that its common stock will continue to be
listed on the NYSE.
The Company will notify NYSE Regulation, Inc. prior to November 11, 2008
of its intent to cure this non-compliance. The Company is pursuing various
solutions to satisfy the continued listing standard, including successful
completion of the recently announced exchange offer and the satisfactory
resolution in December 2008 of any remaining repurchase obligations it may
have with respect to its 5.00% Senior Subordinated Convertible Debentures. In
addition, the Company will continue to pursue ongoing restructuring
initiatives to improve operations and further reduce costs.
On October 30, 2008, the Company issued a press release, referenced hereto
as Exhibit 99.1, relating to, among other things, the matters described above.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated October 30, 2008 (incorporated herein by
reference to Exhibit 99.1 to the Current Report on Form 8-K
filed on October 30, 2008).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: November 3, 2008
FLEETWOOD ENTERPRISES, INC.
By: /s/ Leonard J. McGill
--------------------------
Leonard J. McGill
Senior Vice President, Corporate
Development, General Counsel and
Secretary
Exhibit Number Description of Exhibit
99.1 Press release dated October 30, 2008 (incorporated herein by
reference to Exhibit 99.1 to the Current Report on Form 8-K
filed on October 30, 2008.