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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: FEBRUARY 26, 2001
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(DATE OF EARLIEST EVENT REPORTED)
INSURANCE MANAGEMENT SOLUTIONS GROUP, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA 000-25273 59-3422536
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(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION
INCORPORATION) NUMBER)
360 CENTRAL AVENUE
ST. PETERSBURG, FLORIDA 33701
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(727) 803-2040
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
Insurance Management Solutions Group, Inc. (the "Company") is
filing this Current Report on Form 8-K to report that the Company's
common stock was delisted from trading on the Nasdaq National Market
at the opening of business on February 26, 2001. This action was taken
by Nasdaq as a result of the failure of the Company's common stock to
satisfy the maintenance criteria for continued listing on the Nasdaq
National Market. The Company has been advised by William R. Hough &
Co., a registered broker-dealer based in St. Petersburg, Florida, that
it intends to register as a "market maker" for the Company's common
stock on the OTC Bulletin Board. No assurances can be given, however,
that the Company's common stock will become eligible for trading on
the OTC Bulletin Board, or that a liquid market for the Company's
common stock can or will be provided.
Certain statements contained in this report, including
statements regarding the potential for future trading on the OTC
Bulletin Board market, and the statements contained herein regarding
matters that are not historical facts, are "forward-looking"
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995). Because such statements are subject to
risks and uncertainties, actual results may differ materially from
those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements include, but
are not limited to, difficulties in obtaining or retaining market
makers for the Company's common stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
Not applicable
(b) Pro forma financial information.
Not applicable
(c) Exhibits.
None
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SIGNATURE
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.
INSURANCE MANAGEMENT SOLUTIONS GROUP, INC.
By: /s/ David M. Howard
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David M. Howard
President and Chief Executive Officer
Date: February 26, 2001
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