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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): SEPTEMBER 11, 2006
DURA AUTOMOTIVE SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 000-21139 38-3185711
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2791 RESEARCH DRIVE, ROCHESTER HILLS, MICHIGAN 48309
(Address of Principal Executive Offices, including Zip Code)
(248) 299-7500
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(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 (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)
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ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR
STANDARD; TRANSFER OF LISTING.
On September 19, 2006, Dura Automotive Systems, Inc. ("Dura") announced
that on September 11, 2006 it received notification from The Nasdaq Stock Market
indicating that for the last 30 consecutive business days, the bid price of
Dura's Class A common stock has closed below the minimum $1.00 per share
requirement for continued inclusion under Marketplace Rule 4450(b)(4) (the "Bid
Price Rule"). The Nasdaq notice indicated that in accordance with Marketplace
Rule 4450(e)(2), Dura will be provided 180 calendar days, or until March 12,
2007, to regain compliance by having its shares close above $1.00 for a minimum
of 10 consecutive trading days. If Dura has not regained compliance with the Bid
Price Rule by March 12, 2007, Nasdaq will issue a letter notifying Dura that its
Class A common stock will be delisted. At that time, Dura may appeal the
determination to delist its Class A common stock to a Listings Qualifications
Panel. Alternatively, Dura may apply to have its Class A common stock
transferred to The Nasdaq Capital (SmallCap) Market if it otherwise satisfies
the applicable initial listing requirements for such market. If such application
is approved, Dura will be afforded the remainder of this market's second 180
calendar day compliance period in order to regain compliance while on The Nasdaq
Capital Market. Dura has not determined what action, if any, it will take in
response to the notice.
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, thereunto duly authorized.
DURA AUTOMOTIVE SYSTEMS, INC.
Date: September 11, 2006 By /s/ Keith R. Marchiando
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Keith R. Marchiando
Vice President, Chief Financial Officer
(principal accounting and financial officer)
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