Form 8-K for SILICON GRAPHICS INC
--------------------------------------------------------------------------------
1-Nov-2005
Notice of Delisting or Transfer, Financial Statements and Exhibits
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously reported, on May 9, 2005, Silicon Graphics, Inc. (the "Company") received notice from the New York Stock Exchange (the "NYSE") that it had fallen below the NYSE's continued listing standard relating to minimum share price. Rule 802.01C of the NYSE's Listed Company Manual requires that a company's common stock trade at a minimum average closing share price of $1.00 during a consecutive 30-day trading period.
On November 1, 2005, the Company received notice from the NYSE that it had determined that trading in the Company's common stock and 6.5% Senior Secured Convertible Notes due June 1, 2009 will be suspended prior to the opening of business on Monday, November 7, 2005. On November 1, 2005, the NYSE issued a press release confirming its decision to suspend the trading of these securities prior to the opening of business on Monday, November 7, 2005. The press release also stated that the application to the Securities and Exchange Commission to delist these securities from the NYSE is pending the completion of applicable procedures.
The Company expects its common stock will be quoted on the OTC Bulletin Board. However, the Company cannot provide any assurance that its common stock will be quoted on the OTC Bulletin Board, or that its 6.5% Senior Secured Convertible Notes will be quoted on any other securities quotation service, following the delisting from the NYSE.
A copy of the press release issued by the Company announcing the suspension is included as an exhibit to and incorporated by reference in this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated November 1, 2005 |
