Applica Incorporated
 

 
 
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 22, 2005
APPLICA INCORPORATED
 
(Exact name of Registrant as specified in its charter)
Commission File Number 1-10177
     
Florida   59-1028301
     
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification Number)
     
3633 Flamingo Road, Miramar, Florida   33027
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (954) 883-1000
     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))
 
 

 


 

Item 3.01   Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
     Applica Incorporated today announced that the New York Stock Exchange has notified the Company that it has accepted Applica’s proposed plan for continued listing on the NYSE.
     As a result of the acceptance, Applica’s common stock will continue to be listed on the NYSE pending quarterly reviews by the NYSE’s Listing and Compliance Committee to ensure progress against the plan. Applica previously announced that the NYSE notified it that it was considered “below criteria” because its total average market capitalization over a consecutive 30-day trading period and its shareholders’ equity were each less than $75 million.
     Failure to achieve the plan’s financial or operational goals could result in Applica being subject to NYSE trading suspension and delisting. If Applica is unable to gain compliance with the new standards, Applica will seek listing on another exchange.
Item 9.01. Financial Statements and Exhibits.
     (c) Exhibits. On November 22, 2005, Applica issued a press release announcing that the NYSE had accepted Applica’s proposed plan for continued listing on the NYSE. A copy of the press release is attached as Exhibit 99 to this report.

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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, thereunto duly authorized.
         
Date: November 22, 2005   Applica Incorporated
 
 
  By:   /s/ Terry Polistina    
    Terry Polistina, Senior Vice President and Chief   
    Financial Officer of Applica Incorporated   

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Exhibit Index
         
Exhibit No.   Description
  99    
Applica Incorporated Press Release dated November 22, 2005

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