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 Earliest Event Reported February 11, 2009
Environmental Tectonics Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania
(State or other jurisdiction of incorporation of organization)
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| 1-10655
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23-1714256 |
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(IRS Employer Identification Number) |
| County Line Industrial Park |
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| Southampton, Pennsylvania
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18966 |
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(Zip Code) |
Registrant’s telephone number, including area code (215) 355-9100
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 (see General Instruction A.2):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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 3.01. |
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing. |
On February 11, 2009, Environmental Tectonics Corporation (the “Company”) received a letter
from NYSE Alternext US LLC, the successor to the American Stock Exchange, stating that the Company
was not in compliance with Section 704 of the NYSE Alternext US Company Guide. Specifically, the
Company is not in compliance with Section 704 of the NYSE Alternext US Company Guide in that the
Company failed to hold an annual meeting of its stockholders in 2008.
The non-compliance by the Company with Section 704 of the NYSE Alternext US Company Guide
makes the Company’s common stock subject to being delisted from NYSE Alternext US LLC. The Company
is required to submit a plan to NYSE Alternext US LLC by March 10, 2009, advising NYSE Alternext US
LLC of the actions that it intends to take to bring the Company into compliance with the continued
listing standards set forth in the NYSE Alternext US Company Guide by August 11, 2009. The Company
intends to submit a plan to bring the Company back into compliance with this continued listing
standard by such date. There can be no assurance that NYSE Alternext US LLC will accept the
Company’s plan for compliance plan or, if accepted, that the plan will be implemented by August 11,
2009.
As a consequence of falling below the continued listing standards of the NYSE Alternext US
Company Guide, the Company will be included in a list of issuers that are not in compliance with
NYSE Alternext US LLC continued listing standards. Additionally, an indicator will be added to the
Company’s trading symbol noting the Company’s non-compliance with the continued listing standards
of the NYSE Alternext US Company Guide until such time as the Company regains compliance with the
applicable listing standards.
A copy of the press release issued by the Company on February 16, 2009 regarding receipt of
the letter of non-compliance from NYSE Alternext US LLC is filed as Exhibit 99.1 to this Current
Report on Form 8-K and incorporated herein by reference.
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