Current Report Filing (8-k)
April 13 2018 - 4:40PM
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 11, 2018
TAYLOR DEVICES, INC.
|
(Exact name of registrant as specified in its charter)
|
New York
|
0-3498
|
16-0797789
|
(State or other
jurisdiction of
incorporation)
|
(Commission File
Number)
|
(IRS Employer
Identification No.)
|
90 Taylor Drive
|
North Tonawanda, New York
|
14120-0748
|
(Address of principal executive offices)
|
(Zip Code)
|
Registrant's telephone number, including area code:
|
(716) 694-0800
|
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
Section
3 -- Securities and Trading Markets
Item 3.01 Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Due
to the unexpected death of Board member Mr. Reginald B. Newman II on April 7, 2018, Taylor Devices, Inc.
received a Nasdaq
Staff Deficiency Letter dated April 11, 2018, indicating that the Company no longer complies with Nasdaq's independent director
and audit committee requirements as set forth in Listing Rule 5605. The Company will be provided a cure period of no later than
November 2, 2018 in order to regain compliance. The Company must submit documentation to Nasdaq, including biographies of any new
directors, proving compliance with the rules no later than November 2, 2018. Written notification of delisting will be provided
by Nasdaq if the Company does not regain compliance within this period. Management anticipates that it will be able to timely comply
with Nasdaq's directive.
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
hereunto duly authorized.
TAYLOR DEVICES, INC.
(registrant)
Dated: April 13, 2018
By:
/s/Mark V. McDonough
Mark V. McDonough
Chief Financial Officer
Taylor Devices (NASDAQ:TAYD)
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