TCP INTERNATIONAL HOLDINGS LTD. (NYSE:TCPI) 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.
Company) received a letter from NYSE Regulation (the NYSE)
confirming that the NYSE had suspended trading in the Companys
common stock, which suspension was effective immediately upon the
close on November 21, 2016, and announcing its intention to
commence proceedings to delist the Companys common stock from the
NYSE. The NYSE stated that the Company is no longer suitable for
listing as a result of its inability to complete its late filings
with the Securities and Exchange Commission (the SEC), including
its Annual Report on Form 10-K for the year ended December 31,
2015, along with its Quarterly Reports on Form 10-Q for the
periods ended September 30, 2015, March 31, 2016, June 30, 2016
and September 30, 2016. The Company informed the NYSE that it
would not be able to complete the late filings with the SEC by
November 25, 2016, the maximum allowable trading period under
Section 802.01E of the NYSE’s Listed Company Manual. The Company
intends to appeal the NYSEs delisting determination and have such
determination reviewed by a Committee of the Board of Directors
of NYSE Regulation.
Link marketplace operated by the OTC Markets Group Inc. at the
open on Tuesday, November 22, 2016 under the trading symbol TCPI.
Additionally, the NYSE decision does not affect the Companys SEC
reporting requirements and does not conflict with or cause an
event of default under any of the Company’s material debt or
regarding the suspension of trading of its common stock on the
NYSE, a copy of which is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.
Press release, dated November 21, 2016
About TCP INTERNATIONAL HOLDINGS LTD.> (NYSE:TCPI)
TCP International Holdings Ltd. is a provider of light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies. The Company designs, develops, manufactures and delivers lamps, fixtures and Internet-based lighting control solutions. Its portfolio of LED and CFLs, fixtures and Internet-based lighting solutions are offered through retail and consumer and industrial distributors throughout the United States, Canada, Asia, Latin America and Europe/Middle East/Africa (EMEA). The Company offers industrial warehouse lighting and commercial lighting systems, which include Commercial & Industrial Light Bulbs, Commercial & Industrial Light Fixtures, and Emergency Exit Signs for Lighting. Its Commercial & Industrial Light Bulbs include LED A Lamps, LED T8 Tubes, LED BR Lamps, Dimmable LED Downlights, LED MR16 Lights, LED Deco Lights, Non-Dimmable LED PAR Lamps, Dimmable LED PAR Lamps, Fluorescent Lamps & Ballasts, CFL Light Bulbs, Halogen Lamps and LED Elevator Lamps. TCP INTERNATIONAL HOLDINGS LTD.> (NYSE:TCPI) Recent Trading Information
TCP INTERNATIONAL HOLDINGS LTD.> (NYSE:TCPI) closed its last trading session 00.00 at 1.70 with 103,374 shares trading hands.