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 15, 2007
A.C. Moore Arts & Crafts, Inc.
(Exact name of registrant as specified in its charter)
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| Pennsylvania
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000-23157
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22-3527763 |
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| (State or other jurisdiction
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(Commission File Number)
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(IRS Employer Identification No.) |
| of incorporation) |
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| 130 A.C. Moore Drive, Berlin, NJ
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08009 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (856) 768-4930
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. |
Pursuant to Nasdaq Marketplace Rules, whenever the Staff of the Nasdaq Listing Qualifications
Department determines that a listed company does not meet a Nasdaq continued listing standard, the
Staff notifies the company of such non-compliance. On November 21, 2007, A.C. Moore Arts & Crafts,
Inc. (“A.C. Moore” or the “Company”) announced that it had received a Nasdaq Staff Determination
letter dated November 15, 2007 indicating that the Company was not in compliance with the filing
requirements for continued listing as set forth in Nasdaq Marketplace Rule 4310(c)(14) because the
Company had not yet filed its quarterly report on Form 10-Q for the quarter ended September 30,
2007. As a result, A.C. Moore’s shares of common stock are subject to delisting from The Nasdaq
Stock Market.
On November 16, 2007, A.C. Moore requested a hearing before a Nasdaq Listing Qualifications Panel
(the “Panel”) to appeal the Nasdaq Staff’s determination. This request will stay the delisting
until the appeal has been heard and the Panel has rendered its decision. Pending a decision by the
Panel, A.C. Moore will remain listed on The Nasdaq Stock Market. There can be no assurance that
the Panel will grant the Company’s request for continued listing.
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| Item 7.01 |
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Regulation FD Disclosure. |
On November 21, 2007, the Company issued a press release announcing the receipt of the Nasdaq Staff
Determination letter. This press release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit No. |
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Description |
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99.1
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Press release dated November 21, 2007. |