Attached files
file | filename |
---|---|
EX-99.1 - RMG Networks Holding Corp | exh99_01.htm |
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): February 23, 2016
RMG NETWORKS HOLDING CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware | 001-35534 | 27-4452594 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
15301 North Dallas Parkway Addison, TX | 75001 |
(Address of Principal Executive Offices) | (Zip Code) |
(800) 827-9666
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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
[_]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[_]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[_]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 8.01. | Other Events. |
On February 23, 2016, RMG Networks Holding Corporation (the Company) received approval from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq) to transfer the listing of the Companys common stock from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer will be effective at the opening of business on February 25, 2016. The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market and listed companies must meet certain financial requirements and comply with Nasdaqs corporate governance requirements. The Companys common stock will continue to trade under the symbol RMGN.
As previously reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission on August 28, 2015, the Company received a letter from Nasdaq on August 25, 2015 notifying the Company that the Company did not meet the minimum bid price requirement for continued listing on the Nasdaq Global Market. Following the transfer of its listing, the Company has been granted an additional 180-day grace period to regain compliance with the Nasdaqs $1.00 minimum bid price requirement. To regain compliance and qualify for continued listing on the Nasdaq Capital Market, the minimum bid price per share of the Companys common stock must be at least $1.00 for at least ten consecutive business days during the additional 180-day grace period, which will end on August 22, 2016. If the Company fails to regain compliance during this grace period, its common stock will be subject to delisting by Nasdaq. The Company has provided written notice of its intention to cure the minimum bid price deficiency during the second grace period by carrying out a reverse stock split, if necessary.
On February 25, 2016, the Company issued a press release regarding the matters described above. The full text of this press release is attached hereto as Exhibit 99.1and incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d)
Exhibits
Exhibit No. |
Description | |
99.1 |
Press release issued February 25, 2016. |
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, hereunto duly authorized.
Dated: February 25, 2016
RMG NETWORKS HOLDING CORPORATION
By: /s/ Loren Buck
Name: Loren Buck
Title: Executive Vice President and Chief Operating Officer
3
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 |
Press release issued February 25, 2016. |