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): February 13, 2007
SONIC SOLUTIONS
(Exact name of registrant as specified in its charter)
California 23190 93-0925818
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of organization) Identification No.)
101 Rowland Way, Suite 110 Novato, CA 94945
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 893-8000
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 (see General Instruction A.2. below):
|_| 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 OR
STANDARD; TRANSFER OF LISTING
On February 13, 2006, Sonic Solutions (the "Company") received a Nasdaq
Staff Determination notice from The Nasdaq Stock Market stating that the
Company's common stock is subject to delisting from The Nasdaq Global Select
Market. The notice, which Sonic expected, was issued in accordance with standard
Nasdaq procedures as a result of the Company's inability to timely file its
Quarterly Report on Form 10-Q for the quarter ended December 31, 2006. Timely
filing of periodic reports with the SEC is a requirement for continued listing
under Nasdaq Marketplace Rule 4310(c)(14). The Company will appeal the Nasdaq
Staff Determination and request a hearing before a Nasdaq Listing Qualifications
Panel (the "Panel") in accordance with the Nasdaq Marketplace Rules. The appeal
and hearing request will automatically stay delisting of the Company's common
stock pending the Panel's review and determination. Until the Panel issues a
determination following the hearing, the Company's common stock will continue to
be listed on The Nasdaq Global Market. There can be no assurance that the Panel
will grant the Company's request for continued listing.
On February 16, 2007 the Company issued a related press release
announcing its receipt of the Nasdaq Staff Determination and its plans to appeal
and request a hearing. The full text of the press release is attached as Exhibit
99.1 to this report and is hereby incorporated by reference herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
d. Exhibits
The following exhibit is furnished with this Current Report on Form 8-K:
Exhibit Description
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99.1 Press Release of Sonic Solutions dated February 16, 2007
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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.
SONIC SOLUTIONS
By: /s/ David C. Habiger
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Name: David C. Habiger
Title: President and Chief Executive Officer
(Principal Executive Officer)
Date: February 16, 2007
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