- Current report filing (8-K)
January 12 2009 - 3:34PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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):
January
6, 2009
_____________________
MONACO
COACH CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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1-14725
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35-1880244
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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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91320
Industrial Way,
Coburg,
Oregon 97408
(Address
of principal executive offices, including zip code)
(541)
686-8011
(Registrant’s
telephone number, including area code)
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:
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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))
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Item 3.01 Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of
Listing
On
January 6, 2009, the New York Stock Exchange. (“NYSE”) notified Monaco Coach
Corporation (the “Company”) that the Company had fallen below the NYSE’s
continued listing standard relating to minimum share price. Rule
802.01C of the NYSE’s Listed Company Manual requires that the Company’s common
stock have a minimum average closing stock price of not less than $1.00 over 30
consecutive trading days.
The
Company intends to notify the NYSE that it will seek to cure the
deficiency. The Company must bring its share price and average share
price back above $1.00 within six months from the receipt of the NYSE notice, to
regain compliance with the NYSE’s minimum average closing price requirement, or
it will be subject to suspension and delisting procedures. Under the NYSE rules,
the Company’s common stock will continue to be listed on the NYSE during the
cure period, subject to the Company’s compliance with other NYSE continued
listing requirements.
In
addition, in the same communication, the NYSE observed that the Company’s
average market capitalization over a recent 30 consecutive trading day period
was below the NYSE minimum quantitative continued listing criteria of
$25 million. While this is normally grounds for immediate
suspension and delisting under Rule 802.01B, the NYSE has advised the Company
that it is continuing to assess the Company’s listing status in connection with
this deficiency, and the Company cannot predict whether or when the NYSE may
take action with respect to this matter.
As
required under NYSE rules, the Company has also issued a press release regarding
these developments, a copy of which is attached to this Current Report on Form
8-K as Exhibit 99.1 and is incorporated herein by reference.
Item
9.01.
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Financial
Statements and Exhibits
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99.1
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Press
Release dated January 12, 2009.
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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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MONACO
COACH CORPORATION
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Date: January
12, 2009
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/s/ P.
Martin Daley
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P.
Martin Daley
Vice
President and Chief Financial
Officer
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INDEX
TO EXHIBITS
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99.1
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Press
Release dated January 12, 2009.
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