1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. ____________________ 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) APRIL 3, 1996 ------------- THE ARLEN CORPORATION ------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) NEW YORK --------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-6675 13-2668657 ----------------------- ------------- (Commission File Number) (IRS Employer Identification No.) 505 EIGHTH AVENUE, NEW YORK, NEW YORK 10018 - ---------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) (212) 736-8100 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 1 2 Item 5. Other Events. Effective as of April 3, 1996, the shares of Common Stock of The Arlen Corporation (the "Registrant") ceased to be listed on the Philadelphia Stock Exchange (the "Exchange"). Such delisting followed the filing by the Exchange of a Delisting Certificate with the Securities and Exchange Commission requesting that the Registrant's Common Stock be removed from listing and registration on the Exchange. The delisting action, which, as previously reported, had been anticipated, was based upon the inability of the Registrant to meet certain minimum per share trading price and net tangible asset requirements adopted by the Exchange in 1994 as part of new criteria which must be met in order for a company to maintain the listing of its securities on the Exchange. 2 3 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. THE ARLEN CORPORATION (Registrant) By: /s/ Allan J. Marrus -------------------------- Allan J. Marrus, President Dated: April 15, 1996 3