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): February 18, 2016
ACCURIDE CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
Delaware
(State or Other Jurisdiction
of Incorporation)
 
 
001-32483
(Commission
File Number)
 
 
61-1109077
(IRS Employer Identification No.)
         
7140 Office Circle, Evansville, IN                                                                                                                                              47715
(Address of Principal Executive Offices)                                                                                                                                              (Zip Code)
Registrant's telephone number, including area code (812) 962-5000
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):

    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 February 18, 2016, Accuride Corporation (the "Company") was notified by NYSE Regulation ("NYSER") that the Company is not in compliance with the New York Stock Exchange's ("NYSE") continued listing criteria under Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period as of February 16, 2016.

The Company plans to notify the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements.  The Company can avoid delisting if, during the six-month period following receipt of the NYSE notice, on the last trading-day of any calendar month, the Company's common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.

Under NYSE rules, the Company's common stock will continue to be traded on the NYSE during this period, subject to the Company's compliance with other applicable continued listing requirements.

The NYSER notification does not affect the Company's business operations, Securities and Exchange Commission reporting requirements or debt obligations.

Item 8.01.                          Other Events.

As required by NYSE rules, on February 19, 2016, the Company issued a press release announcing that it had received the notice of noncompliance with NYSE continued listing standards.  A copy of the press release is furnished as Exhibit 99.1 hereto.

Item 9.01.                          Financial Statements and Exhibits.

(d)            Exhibits
99.1 Press Release of Accuride Corporation, dated February 19, 2016.

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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.

Date: February 22, 2016
 
ACCURIDE CORPORATION

/s/ Stephen A. Martin
Stephen A. Martin
Sr. Vice President / General Counsel & HR
 



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EXHIBIT INDEX

Exhibit Number                       Description
99.1
Press Release of Accuride Corporation, dated February 19, 2016.
 
   



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Media Relations Contact
Timothy G. Weir, APR
Director of Public Affairs, Communications & Marketing
(812) 962-5128 | tweir@accuridecorp.com
Investor Relations Contact
Todd Taylor
Vice President and Treasurer
(812) 962-5105 | ttaylor@accuridecorp.com

FOR IMMEDIATE RELEASE



Accuride Corporation Receives Notice of NYSE Continued Listing Noncompliance
·
Common stock continues trading under symbol "ACW"

EVANSVILLE, Ind. – February 19, 2016 – Accuride Corporation (NYSE: ACW) ("The Company") – a leading supplier of components to the North American and European commercial vehicle industries – announced that it was notified by the New York Stock Exchange ("NYSE") on February 18, 2016 that the Company was not in compliance with the NYSE Continued Listing standard requiring listed-company common stock to maintain an average closing price of not less than $1.00 per share over a period of 30 consecutive trading days.  Accuride has 10 business days in which to inform the NYSE that we intend to restore our compliance with its share-price requirement, and we intend to comply with this requirement.

Under NYSE requirements, Accuride has six months from receipt of this notification – subject to possible extension – to regain compliance with the minimum share price requirement or be subject to suspension and delisting by the NYSE.   The Company may regain compliance at any time during the six-month cure period if its common stock has a closing share price of at least $1.00 on the last trading day of any calendar month during the period, and also has an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.

Accuride is exploring alternatives for curing this deficiency and restoring compliance with the NYSE Continued Listing standards.  The notice does not affect the company's normal business operations or the listing of the Company's common stock, which will continue to trade on the NYSE under the symbol "ACW."  The NYSE will assign the stock a ".BC" designation to signify that the company is not in compliance with NYSE Continued Listing standards.

About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American and European commercial vehicle industries. The company's products include commercial vehicle wheels; wheel-end components and assemblies; and specialty cast-iron components for a range of agricultural, construction and mining, and oil and gas equipment applications.  The company's products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite®, Gianetti Ruote™ and Brillion™. Accuride's common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company's website at http://www.accuridecorp.com.



Forward-Looking Statements
Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Accuride's expectations, hopes, beliefs, and intentions with respect to future results. Such statements are subject to the impact on Accuride's business and prospects generally of, among other factors, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Accuride's Securities and Exchange Commission filings, including those described in Item 1A of Accuride's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Any forward-looking statement reflects only Accuride's belief at the time the statement is made. Although Accuride believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee its future results, levels of activity, performance or achievements. Except as required by law, Accuride undertakes no obligation to update any forward-looking statements to reflect events or developments after the date of this news release.

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