Current Report Filing (8-k)
January 06 2021 - 4:20PM
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 31, 2020
Technical Communications
Corporation
(Exact name of registrant as specified in
its charter)
Massachusetts
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001-34816
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04-2295040
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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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100 Domino Drive, Concord, MA
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01742
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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 (978)
287-5100
Not Applicable
(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))
Securities registered or to be registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common
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TCCO
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NASDAQ Capital Market
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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 (17 CFR §230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 December 31, 2020,
Technical Communications Corporation (the “Company”) received notice from the Nasdaq Listing Qualifications department
of the Nasdaq Stock Market (“Nasdaq”) that because the Company failed to maintain a minimum
of $500,000 in net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal
years, and since the Company does not meet the alternatives of market value of listed securities or stockholders’
equity, the Company no longer complies with Listing Rule 5550(b) for continued listing. Pursuant to such notice, the Company will
have 45 days to submit a plan to Nasdaq to regain compliance; if the plan is accepted, Nasdaq can
grant an extension of up to 180 days from the date of the notice to regain compliance.
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Item 9.01
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Financial Statements and Exhibits.
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a.
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Financial statements of businesses acquired. Not applicable.
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b.
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Pro forma financial information. Not applicable.
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c.
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Shell company transactions. Not applicable.
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d.
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Exhibits. Not applicable.
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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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Technical Communications Corporation
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Dated: December 31, 2020
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By:
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/s/ Carl H. Guild, Jr.
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Carl H. Guild, Jr.
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President and Chief Executive Officer
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