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): December 8, 2010
PEOPLES
EDUCATIONAL HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Its Charter)
|
Delaware
(State
or Other Jurisdiction of Incorporation)
|
|
|
000-50916
(Commission
File Number)
|
41-1368898
(I.R.S.
Employer Identification No.)
|
|
299
Market Street
Saddle
Brook, NJ
(Address
of Principal Executive Offices)
|
07663
(Zip
Code)
|
|
Registrant’s
telephone number, including area code: (201)
712-0090
|
|
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
8.01
|
OTHER
EVENTS.
|
As
disclosed in a Current Report on Form 8-K filed by Peoples Educational Holdings,
Inc. (the “Company”) on November 1, 2010, on October 27, 2010 the Company
received a letter (“Notice”) from The Nasdaq Stock Market (“Nasdaq”) stating
that, because the bid price for its Common Stock had been below $1.00 per share,
a deficiency existed with regard to Nasdaq Marketplace Rule 5550(a)(2), which
requires a minimum bid price of $1.00 per share (the “Minimum Bid Price
Requirement”). Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the
Company was provided an initial compliance period of 180 calendar days, or until
April 25, 2011, to regain compliance with the Minimum Bid Price
Requirement.
On
December 8, 2010, the Company received a letter from Nasdaq stating that the
closing bid price of the Common Stock has been at $1.00 per share or greater for
15 consecutive business days, from November 16, 2010 to December 7, 2010, and
accordingly the Company has regained compliance with the Minimum Bid Price
Requirement and this matter is now closed.
- 2
-
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, thereunto
duly authorized.
| PEOPLES EDUCATIONAL HOLDINGS, INC. | |||
| (Registrant) | |||
|
By: /s/ Brian T.
Beckwith
Name:
Brian T. Beckwith
Title:
President and Chief Executive Officer
|
|||
Date: December
10, 2010
- 3
-