Current Report Filing (8-k)
April 10 2015 - 4:32PM
Edgar (US Regulatory)
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):
April 9, 2015
American
Superconductor Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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000-19672 |
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04-2959321 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
of incorporation) |
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File Number) |
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Identification No.) |
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64 Jackson Road
Devens, Massachusetts |
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01434 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (978) 842-3000
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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On April 9, 2015, the American Superconductor Corporation (the
Company) received a letter from The NASDAQ Stock Market LLC (Nasdaq) notifying the Company that (a) the Companys common stock had a closing bid price of at least $1.00 for a minimum of 10 consecutive
business days, from March 25, 2015 to April 8, 2015, and (b) it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market.
On January 14, 2015, the Company had received a letter (the Notification Letter) from Nasdaq notifying the Company that it was not in
compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of
$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Companys
common stock for the 30 consecutive business days prior to the date of the Notification Letter, the Company no longer had met the minimum bid price requirement.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until July 13, 2015, to regain compliance with
Nasdaq Listing Rule 5450(a)(1). To regain compliance, the Companys common stock needed to have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
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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 hereunto duly authorized.
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AMERICAN SUPERCONDUCTOR CORPORATION |
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Date: April 10, 2015 |
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By: |
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/s/ David A. Henry |
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David A. Henry Executive Vice President and
Chief Financial Officer |
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