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) MARCH 18, 2010
---------------------
Presidential Realty Corporation
- ---------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 1-8594 13-1954619
- ---------------------------- ------------ ------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
180 South Broadway, White Plains, New York 10605
- ------------------------------------------- ------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (914) 948-1300
--------------
No change since last Report
- -------------------------------------------------------------
(Former name or former address, if changed since last report)
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:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17CFR230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17CFR240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17CFR240.13e-4(c))
Item 8.01. Other Events.
------------
On March 18, 2010, Presidential Realty Corporation (the "Company")
received a notice from the NYSE Amex LLC (the "Exchange") indicating that the
Company has resolved the continued listing deficiencies with respect to its
Class B common stock, and is currently in compliance with all continued listing
standards of the Exchange.
On May 13, 2009, the Company received a notice from the Exchange
indicating that the Company was below certain of the Exchange's continued
listing standards due to (1) having stockholders' equity of less than $4,000,000
and losses from continuing operations and net losses in its three of its four
most recent fiscal years as set forth in Section 1003(a)(iii) of the Exchange's
Company Guide and (2) the Company's Class A common stock having an aggregate
market value of shares publicly held of less than $1,000,000 for more than 90
consecutive days as set forth in Section 1003(b)(i)(C) of the Exchange's Company
Guide. In response to the latter deficiency, the Company voluntarily delisted
its Class A common stock from the Exchange.
The notice dated March 18, 2010 indicates that based upon a review of
publicly available information, including the Company's Forms 10-Q for the
periods ended June 30 and September 30, 2009, the Exchange staff concluded that
the Company has regained compliance with all continued listing standards of the
Exchange and the matter is now closed.
A copy of the Company's press release announcing this information is
attached to this report as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed herewith:
Exhibit Description
------- -----------------------------------------------
99.1 Press release, dated March 22, 2010, announcing
receipt of Notice from the NYSE Amex regarding
regaining compliance with Continued Listing Standards.
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: March 22, 2010
PRESIDENTIAL REALTY CORPORATION
By: /s/ Jeffrey F. Joseph
-------------------------
Jeffrey F. Joseph
President
EXHIBIT INDEX
Exhibit Description
- ------- -----------------------------------------------------
99.1 Press release, dated March 22, 2010, announcing
receipt of Notice from the NYSE Amex regarding
regaining compliance with Continued Listing Standards.