Current Report Filing (8-k)
October 03 2018 - 5:17PM
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): September 27, 2018
United Development Funding IV
(Exact Name of Registrant as Specified in Its Charter)
Maryland
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001-36472
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26-2775282
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(State or other jurisdiction of incorporation
or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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1301 Municipal
Way, Suite 200, Grapevine, Texas
76051
(Address of principal executive offices)
(Zip Code)
(214) 370-8960
(Registrant’s telephone number, including area code)
None
(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:
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¨
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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))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
¨
On September 27, 2018,
United Development Funding IV (the “Trust”) received an Order Instituting Administrative Proceedings and Notice of
Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, File No. 3-18832, dated September 24, 2018 (the “Order”).
The Order was issued by the U.S. Securities and Exchange Commission (the “Commission”) via Release No. 84273 and commences
an Administrative Proceeding alleging that the Trust failed to comply with Section 13(a) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), and Rules 13a-1 and 13a-13 thereunder (the “Allegations”) by failing to
file periodic reports since the Trust filed a Form 10-Q for the period ended September 30, 2015. The Commission seeks to determine
whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or
revoke, the registration of the Trust’s common shares registered pursuant to Section 12 of the Exchange Act.
The Trust expects to shortly
engage in discussions with the Commission’s staff seeking to resolve the Administrative Proceeding without de-registration. However, there
can be no assurance that the Trust will be able to avoid de-registration or how long the Administrative Proceeding may take to
conclude.
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.
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United Development Funding
IV
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Dated: October 3, 2018
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By:
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/s/
Hollis M. Greenlaw
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Hollis M. Greenlaw
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Chief Executive Officer
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