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 AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): January 4, 2007
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GREATER ATLANTIC FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-26467 54-1873112
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(Commission File Number) (IRS Employer
Identification Number)
10700 Parkridge Boulevard, Suite P50 Reston, Virginia 20191
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(Address of Principal Executive Offices) (Zip Code)
(703) 391-1300
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(Registrant's telephone number, including area code)
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
(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
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OR STANDARD; TRANSFER OF LISTING
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On January 10, 2007, Greater Atlantic Financial Corp. (the "Company"),
the holding company for Greater Atlantic Bank (the "Bank'), issued a news
release announcing that on January 4, 2007, it received a Nasdaq Additional
Staff Determination Letter indicating that the Company's failure to timely file
its Annual Report on Form 10-K for the fiscal year ended September 30, 2006 with
the Securities and Exchange Commission serves as an additional basis for
delisting the Company's securities from the Nasdaq Stock Market. The Letter is
formal notification that the Nasdaq Listing Qualifications Panel (the "Panel")
will consider this matter in rendering a determination regarding the Company's
continued listing on The Nasdaq Global Market.
The Company will present its written views with respect to those
matters to the Panel no later than January 11, 2007, as provided by the most
recent Nasdaq Letter. There can be no assurance that the Panel will grant the
Company's request for continued listing at that time. The text of the news
release is attached as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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Exhibit 99.1 News Release dated January 10, 2007.
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.
GREATER ATLANTIC FINANCIAL CORP.
Date: January 10, 2007 By: /s/ Carroll E. Amos
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Carroll E. Amos
President and Chief Executive Officer
Date: January 10, 2007 By: /s/ David E. Ritter
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David E. Ritter
Senior Vice President and
Chief Financial Officer