Shenandoah Telecommunications Company (NASDAQ:SHEN) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM 3.01.
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Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing. |
Virginia corporation (the Company), received a written
notice (the Notice) from the Listing Qualifications
Department of The Nasdaq Stock Market (NASDAQ) indicating
that the Company is not in compliance with Listing Rule
5250(c)(1) because the Company has failed to file its Annual
Report on Form 10-K for the fiscal year ended December 31, 2016
(the Form 10-K).
2017, to submit a plan to NASDAQ as to how it plans to regain
compliance with NASDAQs continued listing requirements. If the
Company is still unable to file its Form 10-K by May 16, 2017,
then the Company intends to submit a compliance plan on or prior
to that date. If NASDAQ accepts the Companys plan, NASDAQ can
grant an exception of up to 180 calendar days from the filings
due date, or until August 28, 2017, to regain compliance. The
Company may regain compliance at any time during this 180-day
period upon filing with the SEC its Form 10-K, as well as all
subsequent required periodic financial reports that are due
within that period. If NASDAQ does not accept the Companys plan,
the Company will have the opportunity to appeal that decision to
a NASDAQ Hearings Panel.
listing of the Companys common stock on the NASDAQ Global Select
Market.
| ITEM 7.01. |
Regulation FD Disclosure.
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that it will not be able to file its Annual Report on Form 10-K
for its fiscal year ended December 31, 2016 within the 15-day
extension period permitted under the rules of the Securities and
Exchange Commission. A copy of the press release is furnished as
Exhibit 99.1 to this Report.
release is deemed to be furnished and shall not be deemed filed
for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section, nor shall such information and Exhibit be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Securities Exchange Act of 1934, as
amended.
historical information contained in this Form 8-K and the press
release attached as an exhibit hereto, this Form 8-K and the
press release contain forward-looking statements which involve
certain risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by these
statements. Please refer to the cautionary note in the press
release regarding these forward-looking statements.
| ITEM 9.01. |
Financial Statements and Exhibits.
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| (d) |
Exhibits.
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Exhibit
No.
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Description of Exhibit
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99.1
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Press release, dated March 20, 2017
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About Shenandoah Telecommunications Company (NASDAQ:SHEN)
Shenandoah Telecommunications Company is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers. Its segments include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes operations of the Company. Its subsidiaries include NTELOS Holdings Corp. and Shenandoah Personal Communications, LLC. Shenandoah Telecommunications Company (NASDAQ:SHEN) Recent Trading Information
Shenandoah Telecommunications Company (NASDAQ:SHEN) closed its last trading session 00.00 at 27.00 with 670,824 shares trading hands.
