kl11064.htm
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): November 20,
2007
FRANKLIN
CREDIT MANAGEMENT CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
0-17771
|
75-2243266
|
|
(State
or Other Jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
|
101
Hudson Street
New
Jersey, New Jersey
(Address
of Principal Executive Offices)
|
|
07302
(Zip
Code)
|
Registrant’s
telephone number, including area code: (201) 604-4402
_____________________________________________________________________________________
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):
£
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
£
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On
November 20, 2007, the registrant
received notice from the NASDAQ Stock Market (“NASDAQ”) that its common stock
would be delisted from NASDAQ effective with the open of business on November
29, 2007, as a result of its failure to timely file its Quarterly Report on
Form
10-Q for the quarterly period ended September 30, 2007 (the “Form 10-Q”) as
required by NASDAQ Marketplace Rule 4310(c)(14). The registrant will
request a hearing in accordance with the Marketplace Rule 4800 Series, which
hearing request will stay the delisting of the registrant’s securities pending a
decision by a NASDAQ Listing Qualifications Panel. The registrant
currently anticipates that it will file the Form 10-Q prior to December 31,
2007.
Item
9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
No. Description
99.1
Press
Release, dated
November 27, 2007, entitled “Franklin Credit Management Receives Delinquency
Notice from NASDAQ.”
SIGNATURE
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.
FRANKLIN
CREDIT
MANAGEMENT CORPORATION
By: /s/
Paul D.
Colasono
Name:
Paul D.
Colasono
Title:
Chief
Financial Officer and
Executive
Vice President
Date: November
27, 2007