- Current report filing (8-K)
August 10 2009 - 9:10AM
Edgar (US Regulatory)
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): August 10, 2009 (August 4,
2009)
MEDIALINK
WORLDWIDE INCORPORATED
(Exact
name of registrant as specified in its charter)
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DELAWARE
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0-21989
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52-1481284
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(State
or other jurisdiction
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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of
incorporation)
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708
THIRD AVENUE, NEW YORK, NY
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10017
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (212) 682-8300
Not
Applicable
(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:
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.
On August
4, 2009, Medialink Worldwide Incorporated (the “Company”) received a staff
determination letter from The NASDAQ Stock Market (“NASDAQ”) regarding the
Company’s continued non-compliance with NASDAQ continued listing
standards. As previously reported, on April 20, 2009, the Company
received notice from NASDAQ that its stockholders’ equity of $2,181,000 as of
December 31, 2008, was below the minimum requirement of $2,500,000 for continued
listing on The NASDAQ Capital Market, as set forth in NASDAQ Listing Rule
5550(b)(1). Pursuant to the Listing Rules, the Company requested and
was granted an extension of 105 days, through August 3, 2009, to regain
compliance. The staff determined that the Company has not regained
compliance and, as a result, that the Company’s common stock will be subject to
delisting from NASDAQ unless the Company requests a hearing before a NASDAQ
Listing Qualifications Panel (the “Panel”). Accordingly, the Company
intends to request a hearing before the Panel
by August 11, 2009, the deadline for
making such a request
. As a result of the hearing request, the
Company’s common stock will remain listed on NASDAQ pending the issuance of a
decision by the Panel following the hearing; however, there can be no assurance
that the Panel will grant the Company’s request for continued
listing.
If the
Company’s common stock is delisted from The NASDAQ Capital Market it may
initially trade on the Pink OTC Market (also known as the “Pink Sheets”)
subsequent to such delisting. The Company may seek to have its common
stock traded on the OTC Bulletin Board, but there can be no assurance that it
will be successful in such efforts.
Item
9.01 Financial Statements and Exhibits.
(a) Financial statements of business
acquired
Not applicable
(b) Pro forma financial
information
Not applicable
(c) Shell company
transactions
Not applicable
(d)
Exhibits
99.1 Press release of the Company dated
August 10, 2009, entitled “Medialink Reports Receipt of NASDAQ
Letter.”
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.
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Medialink
Worldwide Incorporated
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Registrant
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Date: August
10, 2009
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By:
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/s/ Kenneth
Torosian
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Kenneth
Torosian
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Chief
Financial Officer
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EXHIBIT
INDEX
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Exhibit
No
.
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Description
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99.1
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Press
release of the Company dated August 10, 2009, entitled “Medialink Reports
Receipt of NASDAQ Letter.”
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