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): May 29, 2009
SPARTON CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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| Ohio
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1-1000
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38-1054690 |
| (State or other jurisdiction
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(Commission File Number)
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(IRS Employer |
| of incorporation)
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Identification No.) |
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| 2400 East Ganson Street |
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| Jackson, Michigan
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49202 |
| (Address of Principal Executive Offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (517) 787-8600
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:
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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 8.01. Other Events.
On May 29, 2009 the New York Stock Exchange (the “NYSE”) notified Sparton Corporation
(“Sparton” or the “Company”) that it had submitted a rule filing with the Securities and Exchange
Commission to lower the continued listing threshold levels regarding the 30 trading-day average
market capitalization and total stockholders’ equity from $75 million to $50 million, effective
immediately on a Pilot Program basis, through October 31, 2009. The NYSE has indicated that it
expects to follow the aforementioned rule filing with another that will make the lower thresholds
permanent in the near future. Sparton currently satisfies the revised standard and remains
compliant with the other continued listing standards, including the $15 million minimum 30
trading-day average market capitalization threshold which is in effect through June 30, 2009.
Sparton will therefore continue to trade on the NYSE.
The Company had been notified in September 2008 that it had fallen below the NYSE’s continued
listing criteria regarding 30 trading-day average market capitalization of not less than $75
million and total stockholders’ equity of not less than $75 million, and had been in the process of
appealing the NYSE’s determination of April 9, 2009 to proceed with a delisting. The Company’s
June 1, 2009 hearing to appeal the prior delisting decision was cancelled upon receipt of the
notice described above.
A copy of the press release announcing the Company’s continued listing on the NYSE is attached
as Exhibit 99.1 to this Form 8-K.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit 99.1 |
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Press Release dated June 2, 2009 issued by Sparton Corporation. |