- Current report filing (8-K)
May 18 2009 - 3:48PM
Edgar (US Regulatory)
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)
May 18
, 2009
PROSPECT
ACQUISITION CORP.
(Exact name of
registrant as specified in its charter)
Delaware
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005-83363
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26-0508760
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(State or other
jurisdiction
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(Commission
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(IRS Employer
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of
incorporation)
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File Number)
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Identification
No.)
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9130
Galleria Court, Suite 318, Naples, Florida
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34109
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(Address of
principal executive offices)
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(Zip Code)
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Registrants
telephone number, including area code
(239) 254-4481
(Former name or
former address, if changed since last report.)
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):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
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 reported, on February 10, 2009, Prospect Acquisition Corp. (the
Company) received a deficiency letter from NYSE Amex LLC (the Exchange)
indicating that the staff of the Exchanges Corporate Compliance Department
(the Staff) has determined that the Company is not in compliance with Section 704
of the Exchanges Company Guide, one of the Exchanges continuing listing
standards, because the Company failed to hold an annual meeting of its
stockholders during 2008. The Company
was given the opportunity to submit a plan to the Exchange by March 10,
2009, advising the Exchange of actions to be taken, to bring the Company into
compliance with Section 704 of the Company Guide (the Plan) by August 11,
2009. The Exchange notified the Company
in a letter, dated May 4, 2009, that it accepted the Plan previously
submitted by the Company and granted the Company an extension until August 11,
2009 to regain compliance with the continuing listing standards of the
Exchange.
The
Company will be required to provide the Staff with updates in conjunction with
the initiatives of the Plan as appropriate or upon the Exchanges request and
the Staff will review the Company periodically for compliance with the Plan
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.
On
May 18, 2009, the Company issued a press release announcing the receipt of
the Exchanges letter as required by Section 1009 of the Company
Guide. A copy of the press release is
included as Exhibit 99.1 to this current report on Form 8-K and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
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Description
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99.1
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Press
release dated May 18, 2009
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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.
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Prospect Acquisition Corp.
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(Registrant)
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Date:
May 18, 2009
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/s/ James J. Cahill
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(Signature)
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Name:
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James
J. Cahill
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Title:
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Chief
Financial Officer
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3
EXHIBIT INDEX
Exhibit
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Description
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99.1
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Press
release dated May 18, 2009
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4
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