- Current report filing (8-K)
November 25 2008 - 4:22PM
Edgar (US Regulatory)
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 )
November 20,
2008
CRYSTAL RIVER CAPITAL, INC.
(Exact name of registrant as specified in its charter)
Maryland
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001-32958
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20-2230150
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Three World Financial Center,
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200 Vesey Street, 10th Floor
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New York, New York
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10281-1010
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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) 549-8400
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 (see General Instruction A.2. below):
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
November 20, 2008, Crystal River Capital, Inc. (the Company) was
notified by NYSE Regulation, Inc. that the Company is not in compliance
with NYSE Rule 802.01B, which requires a company to maintain an average
global market capitalization over a consecutive 30 trading-day period of $25
million or above. As a result, the New
York Stock Exchange (NYSE) has informed the Company that the listing of the
Companys common stock on the NYSE will be suspended prior to the market
opening on Tuesday, December 2, 2008.
On
November 25, 2008, the Company issued a press release (the Press Release)
entitled Crystal River Statement Concerning NYSE Listing Standards,
announcing that it had received the NYSEs notice of non-compliance and that it
is in the process of moving the trading of its common stock to Over the Counter
(OTC) trading. The Company expects its
common stock to begin trading on Pink Sheets by Tuesday, December 2,
2008. A copy of the Press Release is
attached to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits
The Exhibit Index appearing after the signature page below
is incorporated herein by reference.
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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.
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CRYSTAL RIVER CAPITAL,
INC.
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By:
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/s/
William M. Powell
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Name: William
M. Powell
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Title:
President and Chief Executive Officer
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Date: November 25,
2008
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EXHIBIT
INDEX
Exhibit
99.1
Press Release, dated November 25,
2008, entitled Crystal River Statement Concerning NYSE Listing Standards.
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