- Current report filing (8-K)
March 31 2009 - 7:12AM
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
March
27, 2009
Date
of Report
(Date
of earliest event reported)
SouthWest
Water Company
(Exact
name of registrant as specified in its charter)
Delaware
|
0-8176
|
95-1840947
|
(State or other jurisdiction
of incorporation)
|
(Commission File Number)
|
(I.R.S. Employer
Identification No.)
|
One Wilshire Building
|
624 South Grand Avenue, Suite 2900
|
Los Angeles, CA 90017-3782
|
(Address, including zip code, of principal executive offices)
|
(213)
929-1800
(Registrant’s
telephone number, including area code)
None
(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:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
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 March 27, 2009, the Company received a Nasdaq Staff Deficiency Letter
indicating an additional basis of non-compliance with Nasdaq Marketplace
Rule 4310(c)(14), due to the delayed filing of the Company’s Annual
Report on Form 10-K. As previously announced on November 10, 2008, the
Company said that it would restate prior period financial statements
after management discovered errors. On March 13, 2009, the Company said
that its Annual Report on Form 10K would be delayed until the
restatement is completed.
On February 19, 2009, the Company had announced that it received an
extension from the Nasdaq Listing Qualifications Staff until May 11,
2009 to report its financial results for the 2008 third quarter. The
March 27
th
Staff Letter indicated that the company had 15
calendar days to submit an updated plan to regain compliance on both
delayed filings, but that a further extension by Staff was not available
under Nasdaq rules. Should the Company be unable to file its delinquent
filings by the deadline of May 11, 2009, the Nasdaq Listing
Qualifications Staff will give written notice that the Company’s
securities will be delisted. At that time, SouthWest Water may appeal
Staff’s decision to a Nasdaq Listing Qualifications Panel.
Item
8.01 Other Events.
On March 31, 2009 a news release was issued announcing the Nasdaq letter
as well as an extension until May 31, 2009 from the syndicate of lenders
for the Company’s credit facility with regard to reporting financial
results for the year ended December 31, 2008. As a result of the
extension, the Company continues to have full access to its $150 million
credit facility for general corporate purposes.
The information contained in the news release is incorporated herein by
reference and furnished as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
|
|
Exhibit Description
|
99.1
|
|
Press Release date March 31, 2009.
|
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 thereunto duly authorized.
|
|
SOUTHWEST WATER COMPANY
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date:
|
March 31, 2009
|
By:
|
/s/ CHERYL L. CLARY
|
|
|
|
|
Name:
|
Cheryl L. Clary
|
|
|
|
|
Title:
|
Chief Financial Officer
|
|
Southwest Water (NASDAQ:SWWC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Southwest Water (NASDAQ:SWWC)
Historical Stock Chart
From Jul 2023 to Jul 2024