- Current report filing (8-K)
April 14 2009 - 4:35PM
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 8
, 200
9
InSite
Vision Incorporated
(Exact
name of registrant as specified in its charter)
Delaware
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1-14207
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94-3015807
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(State
or other jurisdiction
of
incorporation)
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(Commission
File No.)
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(I.R.S.
Employer
Identification
Number)
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965 Atlantic Ave.
Alameda, California 94501
(Address
of principal executive offices)
Registrant’s
telephone number, including area code:
510-865-8800
N/A
(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:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April
8, 2009, InSite Vision Incorporated (the “Company”), received a notice from NYSE
Amex LLC (f/k/a NYSE Alternext US LLC) (the “Exchange”), stating that the
Exchange’s Listing Qualifications Panel (the “Panel”) determined not to grant
the Company’s request for continued listing of its common stock on the
Exchange. The Panel concluded that the Company is not in compliance
with the Exchange’s requirements for continued listing set forth in (a) Section
1003(a)(i) of the Company Guide, because its stockholders’ equity was less than
the required $2,000,000 and it had losses from continuing operations and net
losses in two of its three most recent fiscal years, and (b) Section 1003(a)(ii)
of the Company Guide, because its stockholders’ equity was less than the
required $4,000,000 and it had losses from continuing operations and net losses
in three of its four most recent fiscal years. The Panel also
determined that the Company had not “sufficiently demonstrated” that it could
bring itself into compliance with all applicable listing standards within the
applicable timeframe required by the Exchange. Accordingly, the
Exchange intends to suspend trading in the Company’s common stock and file an
application with the Securities and Exchange Commission to strike the Company’s
common stock from listing on the Exchange. The Company has been
informed by the Exchange that the delisting will be effective at the open of
trading on April 20, 2009.
The
Company expects that its common stock will be eligible for trading on the
Over-The-Counter Bulletin Board or the Pink OTC Markets, Inc. on the April 20th
delisting date, or as soon as practicable thereafter.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The
following exhibits are filed herewith:
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No.
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Exhibit
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99.1
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Press
release, dated April 14, 2009, announcing receipt of notification of NYSE
AMEX Panel Decision
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date:
April 14, 2009
INSITE
VISION INCORPORATED
(Registrant)
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By:
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/s/
Louis
Drapeau
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Name:
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Louis
Drapeau
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Title:
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Interim
Chief Executive Officer, Vice President, and Chief Financial
Officer
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EXHIBIT
INDEX
No.
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Exhibit
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99.1
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|
Press
release, dated April 14, 2009, announcing receipt of notification of NYSE
AMEX Panel Decision
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