Standard Register (SR: Quote), engaged in the management and execution of mission-critical communications, on Friday said that on April 3, it was notified by the New York Stock Exchange that it is no longer in compliance with the NYSE's continued listing standards.
Standard Register is considered below the criteria since the company's average market capitalization was less than $50 million over a 30 trading-day period and its shareowner's equity was less than $50 million.
Under applicable NYSE procedures, the company has 45 days from receipt of the notice to submit a plan to the NYSE to demonstrate its ability to achieve compliance with the continued listing standards within 18 months. Standard Register intends to submit such a plan.
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by RTT Staff Writer
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