Flanders Corporation (FLDR) Announces Intent To Delist And Deregister Its Common Stock
Flanders Corporation (NASDAQ: FLDR) has announced that it has submitted a written notice to The NASADQ Stock Market of its intention to voluntarily delist Flanders’ common stock from the NASDAQ Global Select Market. Flanders Corporation intends to file a Form 25 with the SEC on January 22, 2010 to delist Flanders common stock.
The delisting of the Flanders’ common stock will take effect approximately 10 days after the SEC filing. Flanders Corporation intends to file a Form 15 with the SEC on or about February 1, 2010 to terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and to notify the SEC of the automatic suspension of its public reporting obligations under Section 15(d) of the Exchange Act.
Harry Smith, President and Chief Executive and Chairman of Flanders’ Board of Directors said that the Board of Directors determined that the deregistration of Flanders’ common stock was in the best overall interest of Flanders’ shareholder.
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