Current Report Filing (8-k)
September 17 2020 - 4:18PM
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 11, 2020
JAKKS
PACIFIC, INC.
(Exact name of registrant as specified in
its charter)
Delaware
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0-28104
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95-4527222
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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2951 28 th Street, Santa Monica, California
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90405
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (424) 268-9444
Securities registered or to be registered
pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol
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Name of each exchange on which registered
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Common Stock, $.001 par value
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JAKK
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NASDAQ Global Select Market
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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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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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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. ¨
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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 September 11, 2020, JAKKS Pacific, Inc.
(the “Company”) received written notice from the Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”)
notifying the Company that the Company is required to maintain a minimum Market Value of Publicly Held Shares (“MVPHS”)
of $15,000,000 and for the last 30 consecutive business days the Company no longer met this requirement (the “September 11
Letter”). The Company has until March 10, 2021 (the “Compliance Period”) to cure this deficiency and/or meet
any of Nasdaq’s other alternative continuing qualification criteria. If at any time during the Compliance Period the Company’s
MVPHS closes at $15,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide the Company with written
confirmation of compliance and this matter will be closed.
The issuance of
the September 11 Letter has no immediate effect on the listing or trading of the Company’s common shares, which will continue
to trade on Nasdaq under the symbol “JAKK” during the Compliance Period.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
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JAKKS PACIFIC, INC.
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By:
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/S/ John L. Kimble
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John L. Kimble, CFO
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Date: September 17, 2020
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