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): November 26,
2010
P
& F INDUSTRIES, INC.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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1-5332
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22-1657413
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(State
or Other Jurisdiction
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(Commission
File No.)
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(IRS
Employer
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of
Incorporation)
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Identification
Number)
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445 Broadhollow Road, Suite
100, Melville, New York 11747
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code: (631)
694-9800
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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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR
240.14d-2(b))
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o
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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
8.01. Other Events.
On
November 26, 2010, P&F Industries, Inc. (the “Registrant”) received a letter
(the “November 26, 2010 Letter”) from The NASDAQ Stock Market (“NASDAQ”)
advising the Registrant that it had regained compliance with NASDAQ’s
Marketplace Rule 5450(b)(1)(C) (the “Rule”) which requires companies listed on
The Nasdaq Global Market to maintain a minimum market value of publicly held
shares (“MVPHS”) of $5 million.
Previously,
on September 20, 2010, NASDAQ notified the Registrant that it was not in
compliance with the Rule over the previous 30 consecutive trading days and that
NASDAQ would provide the Company 180 calendar days to regain compliance by
achieving a MVPHS of at least $5 million for at least 10 consecutive trading
days.
In the
November 26, 2010 Letter, NASDAQ confirmed to the Registrant that the matter is
now closed.
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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P
& F INDUSTRIES, INC.
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Date:
December
2, 2010
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By:
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/s/ Joseph A. Molino, Jr. | |
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Joseph
A. Molino, Jr.
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Chief
Operating Officer and
Chief
Financial Officer
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