CIBER, Inc. (NYSE:CBR) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
written notice (the Notice) from the New York Stock Exchange (the
NYSE) that it is not in compliance with the continued listing
standard set forth in Section 802.01C of the NYSE Listed Company
Manual, which requires that the average closing price of a listed
companys common stock be above $1.00 per share over a consecutive
30-day trading period. The Company intends to respond to the NYSE
within 10 business days of receipt of the Notice, stating its
intention to regain compliance with the minimum share price rule
and cure this deficiency.
receipt of the Notice to cure the deficiency and regain
compliance by, if it can do so, having (i) a closing price of at
least $1.00 per share on the last trading day of any calendar
month during the six-month cure period and (ii) an average
closing share price of at least $1.00 over the 30 trading-day
period ending on the last trading day of that same month. During
the six-month period, the Companys common stock will continue to
be listed and traded on the NYSE, subject to compliance with the
other applicable NYSE listing standards.
announcing its receipt of the Notice. A copy of the press release
is attached to this Current Report on Form 8-K as Exhibit 99.1
and is incorporated herein by reference.
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99.1
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Press Release dated November 23, 2016.
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About CIBER, Inc. (NYSE:CBR)
Ciber, Inc. (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS). It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes. CIBER, Inc. (NYSE:CBR) Recent Trading Information
CIBER, Inc. (NYSE:CBR) closed its last trading session up +0.004 at 0.790 with 159,555 shares trading hands.
