Current Report Filing (8-k)
June 20 2014 - 4:02PM
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)
June
20, 2014
PORTER BANCORP, INC.
(Exact
Name of Registrant as specified in Charter)
Kentucky
|
001-33033
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61-1142247
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
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2500 Eastpoint Parkway, Louisville, Kentucky
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40223
|
(Address
of principal executive offices)
|
(Zip
code)
|
(502) 499-4800
(Registrant’s
telephone number, including area code)
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:
⃞
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))
Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On June 20, 2014, Porter Bancorp, Inc. (the “Company”) received a
deficiency letter from the Listing Qualifications Department of The
NASDAQ Stock Market (the “Staff”), notifying it that, for the last 30
consecutive business days, the closing bid price of our common stock has
not been maintained at the minimum required closing bid price of at
least $1 per share as required for continued listing on The NASDAQ
Capital Market pursuant to Listing Rule 5550(a)(2) (“Minimum Bid Price
Rule”).
In accordance with NASDAQ Listing Rules, the Company has been given 180
calendar days, or until December 17, 2014, to regain compliance with the
Minimum Bid Price. If at any time before December 17, 2014 the closing
bid price of the Company’s common stock is at $1 for a minimum of 10
consecutive business days, the Staff will provide written notification
to the Company that it complies with the Minimum Bid Price Rule.
If the Company does not regain compliance with the Minimum Bid Price
Rule by December 17, 2014, the Staff will provide written notification
to the Company that its common stock is subject to delisting. At that
time, the Company may appeal the Staff’s delisting determination to a
Hearings Panel (the “Panel”). The Company would remain listed pending
the Panel’s decision. There can be no assurance that, if the Company
does appeal the delisting determination by the Staff to the Panel, such
appeal would be successful.
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 thereunto duly authorized.
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PORTER BANCORP, INC.
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|
|
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Date:
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June 20, 2014
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By:
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/s/ Phillip W. Barnhouse
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|
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Phillip W. Barnhouse
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|
|
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Chief Financial Officer
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3
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