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): January 11, 2011
CASCADE MICROTECH, INC.
(Exact name of registrant as specified in its charter)
OREGON | 000-51072 | 93-0856709 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2430 N.W. 206th Avenue
Beaverton, Oregon 97006
(503) 601-1000
(Address, including zip code, and telephone number, including
area code, of registrants principal executive offices)
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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | 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 |
As previously disclosed, Keith L. Barnes resigned from the Board of Directors of Cascade Microtech, Inc. (the Company) effective as of December 31, 2010. Mr. Barnes had also served on the Audit Committee of the Companys Board of Directors. As a result of Mr. Barnes resignation from the Companys Board of Directors, the composition of the Audit Committee was reduced from three members to two members. On January 11, 2011, the Company received a letter from the Nasdaq Stock Market (Nasdaq) stating that the Company is no longer in compliance with Nasdaq Listing Rule 5605 (the Listing Rule), which requires that the Audit Committee be comprised of at least three independent directors. Under the Listing Rule, the Company will have until the earlier of the Companys next annual meeting of shareholders or December 31, 2011 to regain compliance with the requirements of the Listing Rule; provided that, if the Companys next annual meeting of shareholders is held before June 29, 2011, then the Company must evidence compliance with the requirements of the Listing Rule by that date. The Company expects to regain compliance with the requirements of the Listing Rule before June 29, 2011.
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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 on January 18, 2011.
CASCADE MICROTECH, INC. | ||
(Registrant) | ||
By | /s/ Jeff A. Killian | |
Jeff A. Killian | ||
Vice President and Chief Financial Officer |
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