- Current report filing (8-K)
December 30 2009 - 4:30PM
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) December 24, 2009
(Exact name of registrant as specified in its charter)
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DELAWARE
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001-34102
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36-4614616
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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1325 Avenue of Americas, 21st Floor, New York, NY
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10019
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code
(212) 977-9001
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 (see General Instruction
A.2. below):
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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))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
(a) On December 24, 2009, RHI Entertainment, Inc. (the Company) received a notice from The Nasdaq
Stock Market (Nasdaq) stating that the Company no longer meets the $1.00 per share requirement
for continued listing on Nasdaq in accordance with Listing Rule 5450(a)(1). This notice does not
result in an immediate delisting of the Companys common stock from Nasdaq, as a grace period of
180 calendar days (June 22, 2010) is provided under Listing Rule 5810(c)(3)(A).
If at anytime during this grace period the bid price of the Companys common stock closes at $1.00
per share or more for a minimum of 10 consecutive business days, Nasdaq will provide the Company
written confirmation of compliance.
If the Company does not regain compliance under Listing Rule 5450(b)(1)(C) within the grace period
of 180 days, Nasdaq will provide written notification to the Company that its common stock may be
delisted. At that time, the Company may apply for the transfer of its common stock to The Nasdaq
Capital Market prior to the delisting date if it satisfies all of the requirements, other than
minimum bid price, for initial listing on The Nasdaq Capital Market as set forth in Listing Rule
5505. If the Company elects to apply for such transfer, and the application is approved, the
Company would be eligible for an additional 180 calendar day grace period.
In addition, the Company also received a notice from Nasdaq stating that the Companys common stock
failed to maintain a minimum market value of publicly held shares (MVPHS) of $5,000,000 for the
previous 30 consecutive trading days, as required for continued inclusion on Nasdaq in accordance
with Listing Rule 5450(b)(1)(C). This notice does not result in an immediate delisting of the
Companys common stock from Nasdaq, as a grace period of 90 calendar days (March 24, 2010) is
provided under Listing Rule 5810(c)(3)(D). To regain compliance, the Companys MVPHS needs to close
at $5,000,000 or more for a minimum of 10 consecutive business days. The Company may apply for
transfer of its common stock to The Nasdaq Capital Market prior to the expiration of the 90-day
grace period if it satisfies all of the requirements for initial listing on The Nasdaq Capital
Market as set forth in Listing Rule 5505.
At this time, neither notification has any effect on the listing of the Companys common stock on
Nasdaq and the Companys common stock will continue to trade on Nasdaq under the symbol RHIE. The
Company is evaluating all of its options following receipt of these notifications and intends to
work diligently to attempt to retain listing of its common stock on Nasdaq.
SIGNATURES
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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RHI ENTERTAINMENT, INC.
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(Registrant)
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Date: December 30, 2009
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By:
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/s/ William J. Aliber
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Name:
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William J. Aliber
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Title:
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Chief Financial Officer
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