GORDMANS STORES, INC. (NASDAQ:GMAN) 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.

On March 13, 2017, Gordmans Stores, Inc. (the “Company”) received a letter from the staff (the “Staff”) of The NASDAQ Stock Market LLC (“NASDAQ”) stating that NASDAQ has determined that the Company’s common stock will be delisted from the NASDAQ Global Select Market. The decision was reached by the Staff under NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1.

The delisting is a consequence of (i) the Company’s March 13, 2017 filing for relief under Chapter 11 of the United States Bankruptcy Code, (ii) concerns regarding the residual equity interest of the existing listed securities holders and (iii) concerns about the Company’s ability to sustain compliance with all requirements for continued listing on NASDAQ, including the Company’s noncompliance with NASDAQ’s $1 per share minimum bid price continued listing standard to NASDAQ Listing Rule 5450(a)(1), as previously disclosed on the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission (“SEC”) on November 1, 2016.

On March 14, 2017, the Company notified NASDAQ that it does not intend to appeal the ruling set forth by the Staff. Accordingly, trading of the Company’s common stock will be suspended at the opening of business on Wednesday, March 22, 2017, and NASDAQ will file a Form 25-NSE with the SEC, which will remove the Company’s common stock from listing and registration on the NASDAQ Global Select Market. The Company expects that its common stock will be immediately eligible to be quoted on the OTC Bulletin Board (the “OTCBB”) or in the “Pink Sheets” under the symbol “GMANQ”. To be quoted on the OTCBB or the Pink Sheets, a market maker must sponsor the common stock and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. Once the Company’s common stock is delisted, there can be no assurance that a market maker will apply to quote the Company’s common stock or that the Company’s common stock will become eligible for the OTCBB or the Pink Sheets.

About GORDMANS STORES, INC. (NASDAQ:GMAN)

Gordmans Stores, Inc. is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men. Its offerings for women include Tops and T-Shirts, Jeans, Pants and Leggings, Swimsuits and Cover-Ups, Dresses, Coats, Socks and Tights, and Scrubs. It offers Coats, Jackets and Vests, Pajamas, Sweaters and Cardigans, and Pajamas for juniors. It offers Shirts, Polos, Jeans, Workout Clothes, Necklaces and Watches for men. Its offerings for baby and kids include Jeans, Coats and Jackets, Socks and Legwarmers, Activewear, Kids’ Accessories, and Bags and Backpacks. Its offerings in home include Decorative Accents, Clocks, Garden and Outdoor, Lamps and Lighting, Mirrors, Rugs and Mats, Vases and Bowls, Florals, and Curtains and Window Coverings.

GORDMANS STORES, INC. (NASDAQ:GMAN) Recent Trading Information

GORDMANS STORES, INC. (NASDAQ:GMAN) closed its last trading session up +0.0150 at 0.0900 with 12,126,668 shares trading hands.