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EX-99.1 - EXHIBIT 99.1 - MGT CAPITAL INVESTMENTS, INC. | v300846_ex99-1.htm |
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 31, 2012 (January 26, 2012)
MGT Capital Investments, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 0-26886 | 13-4148725 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
500 Mamaroneck Avenue – Suite 204
Harrison, NY 10528
(Address of principal executive offices, including zip code)
914-630-7430
(Registrant’s Telephone Number, Including Area Code)
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):
¨ | 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
On January 26, 2012, MGT Capital Investments, Inc. (the “Company”) was informed by NYSE Amex LLC (the “Exchange”) that the Exchange had accepted the Company’s plan of compliance (the “Plan”) with respect to previously disclosed non-compliance with Section 704 of the listing standards of the Exchange’s Company Guide, for failure to hold an annual meeting of its stockholders during 2011 for the fiscal year ended December 31, 2010. The Exchange accepted the Company’s Plan with a targeted date of compliance of July 3, 2012 (the “Plan Completion Date”). The Company will be subject to periodic review by Exchange staff during the extension period. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the Exchange.
The Company issued a press release (attached as Exhibit 99.1 hereto and incorporated herein by reference) on January 31, 2012 disclosing the Exchange’s acceptance of the Plan and Plan Completion Date.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired
Not applicable.
(b) Pro forma Financial Information
Not applicable.
(c) Shell Company Transactions
Not applicable.
(d) Exhibit
Exhibit | ||
No. | Description | |
99.1 | Press Release dated January 31, 2012 entitled “MGT Capital Investments, Inc.: NYSE AMEX LLC Accepts Plan of Compliance Related to Lack of Shareholder Meeting in 2011.” |
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.
Dated: January 31, 2012 | MGT CAPITAL INVESTMENTS, INC. | ||
By: | /s/ Robert Ladd | ||
Name: Robert Ladd | |||
Title: Interim President and CEO | |||