Current Report Filing (8-k)
March 22 2017 - 4:36PM
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): March 21, 2017
HOUSTON
AMERICAN ENERGY CORP.
(Exact
name of registrant as specified in Charter)
Delaware
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1-32955
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76-0675953
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
No.)
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(IRS
Employer
Identification
No.)
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801
Travis St., Suite 1425
Houston,
Texas 77002
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(Address
of Principal Executive Offices)(Zip Code)
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713-222-6966
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(Issuer
Telephone number)
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(Former
name or former address, if changed since last report)
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Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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.
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Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On
March 21, 2017, Houston American Energy Corp. (the “Company”) received notification (the “Deficiency Letter”)
from the NYSE MKT LLC that it continues to be in non-compliance with certain NYSE MKT continued listing standards relating to
stockholders’ equity. Specifically, the Company is not in compliance with Section 1003(a)(iii) of the NYSE MKT Company Guide
(requiring stockholders’ equity of $6.0 million or more if it has reported losses from continuing operations and/or net
losses in its five most recent fiscal years) and Section 1003(a)(ii) (requiring stockholders’ equity of $4.0 million or
more if it has reported losses from continuing operations and/or net losses in its four most recent fiscal years). As of December
31, 2016, the Company had stockholders’ equity of $2.86 million.
As
previously reported, the Company has submitted a plan to regain compliance with NYSE MKT listing standards. If the Company does
not regain compliance with those standards by September 18, 2017, or does not make progress consistent with the plan, the NYSE
MKT staff may commence delisting proceedings. The Company’s common stock continues to be listed on the NYSE MKT during the
plan period.
The
Company issued a press release on March 22, 2017, announcing that it had received the Deficiency Letter. A copy of the press release
is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item
9.01.
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Financial
Statements and Exhibits.
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99.1
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Press
release, dated March 22, 2017, regarding NYSE MKT notice of non-compliance
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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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HOUSTON
AMERICAN ENERGY CORP.
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Dated:
March 22, 2017
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By:
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/s/
John P. Boylan
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John
P. Boylan, President
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Houston American Energy (AMEX:HUSA)
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