Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 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): March 23,
2009
InfoSonics
Corporation
(Exact name of registrant as specified
in its charter)
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Maryland
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001-32217
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33-0599368
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(State or other
jurisdiction
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(Commission File
Number)
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(IRS Employer
Identification
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of
incorporation)
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No.)
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4350 Executive Drive Suite
#100, San Diego, CA
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92121
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(Address of principal executive
offices)
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(Zip
Code)
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Registrant’s telephone number, including
area code (858)
373-1600
Not Applicable
(Former name or former address, if
changed since last report)
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):
o Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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 |
As
previously reported, on July 10, 2008, we received a Nasdaq Staff Deficiency
letter indicating that for the prior thirty consecutive business days the bid
price for our common stock had closed below the minimum $1.00 per share
requirement for continued listing on The Nasdaq Stock Market under Nasdaq
Marketplace Rule 4450(a)(5). In accordance with Nasdaq Marketplace Rule
4450(e)(2), we were provided an initial period of 180 calendar days, or until
January 6, 2009, to regain compliance. The Nasdaq Stock Market has
extended the compliance date several times with the current compliance date
again being extended on March 23rd to on or about October 12, 2009.
During
the period on or about October 12, 2009, absent any unexpected events, our
common stock is expected to continue to trade on The Nasdaq Global Market. If
compliance with Nasdaq Marketplace Rule 4450(a)(5) cannot be demonstrated on or
about October 12, 2009, the staff of The Nasdaq Stock Market Listing
Qualifications department is expected to deliver a written notification to us
that our securities will be delisted from The Nasdaq Global Market. If we
receive a delisting notice, we may appeal the Nasdaq staff’s determination to a
Listing Qualifications Panel. Alternatively, we may apply to transfer our
securities to The Nasdaq Capital Market or another exchange or trading
market. We intend to monitor the bid price of our common stock and
consider available options if our common stock does not trade at a level likely
to result in our regaining compliance with Nasdaq’s minimum bid price
rule.
*****
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.
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InfoSonics
Corporation
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/s/ Jeffrey
Klausner
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Chief Financial
Officer
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Dated:
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March 26,
2009
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