BVSN

vom Januar 2002
 www.goodwinprocter.com/publications/...tates&extends_12_01.pdf
SmallCap Market companies will now have up
to 180, rather than 90, days to regain compliance
with minimum bid price and public float
market value requirements. This will allow
National Market companies that fail to
achieve compliance during their 90-day grace
period to move to the SmallCap Market for
the balance of the first 180-day period, rather
than moving to the OTC Bulletin Board.

SmallCap Market companies (including
National Market issuers moved to the
SmallCap Market) that fail to comply with
these requirements during the first 180 day
period will have up to an additional 180 days
to achieve compliance with the minimum bid
and float requirements if they comply with the
core initial listing requirements of the
SmallCap Market ($750,000 net income, $5
million stockholders’ equity, or $50 million
market capitalization).


National Market issuers that move to the
SmallCap Market will be eligible to return to
trading on the National Market if they maintain
both (1) a minimum $1.00 bid price per share
during the last 30 consecutive trading days of
the applicable grace period and (2) compliance
with all other National Market maintenance
requirements at all times while trading on the
SmallCap market.

Summary: We propose to add 11 new items that would require a company to file Form 8-K under the Securities Exchange Act of 1934. In addition, we propose to move two disclosure items currently required to be included in companies' annual and quarterly reports to Form 8-K and to amend several of the existing Form 8-K disclosure items. We also propose to shorten the filing deadline for Form 8-K to two business days after an event triggering the form's disclosure requirements. Currently, the filing deadline is five business days or 15 calendar days after the triggering event, depending on the nature of the event. Finally, we propose to create a new safe harbor for certain violations of the Form 8-K filing requirements and to grant an automatic two business day extension of the filing deadline to companies providing proper notice on Form 12b-25 of an inability to timely file a particular Form 8-K. We propose these amendments to provide investors with better and faster disclosure of important corporate events.

und hier:
www.sec.gov/news/press/2002-88.htm