mag8k_20100921.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 20, 2010
MAGNETEK, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware
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1-10233
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95-3917584
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(State or Other Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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N49 W13650 Campbell Drive
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Menomonee Falls, WI
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53051
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(Address of Principal Executive Offices)
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(Zip Code)
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(262) 783-3500
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(Registrant’s telephone number, including area code)
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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As previously disclosed in the Form 8-K filed June 24, 2010, Magnetek, Inc. (the “Company” or “Magnetek”) received a notice from NYSE Regulation on June 21, 2010, that the Company did not meet the New York Stock Exchange (“NYSE”) continued listing standards because its average market capitalization was less than $50 million over a consecutive 30 trading-day period and its stockholders’ equity was less than $50 million. In response to the notice, the Company submitted a business plan on August 4, 2010, demonstrating how it intends to regain compliance with the continued listing standards.
On September 20, 2010, Magnetek was notified by NYSE Regulation that the Company’s proposed plan to regain compliance with the continued listing standards of the NYSE was accepted. Accordingly, the Company's stock will continue to be listed on the NYSE, pending quarterly reviews by the NYSE's Listing and Compliance Committee (the “Committee”) to assess progress against the plan. Further, the Committee has chosen, at its discretion, to truncate the plan period for regaining compliance with the continued listing standards from 18 months to 12 months, given the Company’s recurrence of having fallen below the continued listing standards.
The Company issued a press release on September 21, 2010, announcing that it had received the notice of acceptance from NYSE Regulation. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 - Financial Statements and Exhibits.
| Exhibit No. |
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Description |
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| 99.1 |
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Magnetek, Inc. Press Release dated September 21, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 21, 2010
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MAGNETEK, INC.
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/s/ Marty J. Schwenner
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Marty J. Schwenner
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Vice President and Chief Financial Officer
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Exhibit Index
| Exhibit No. |
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Description |
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| 99.1 |
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Magnetek, Inc. Press Release dated September 21, 2010 |