SEC Filing Summary: Kohlberg Capital Corporation (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Kohlberg Capital Corporation on November 17, 2009. The filing addresses a regulatory compliance issue regarding the company's listing status on the NASDAQ Stock Market. The report pertains to the failure to timely file the Quarterly Report on Form 10-Q for the quarter ended September 30, 2009.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the procedural status of the company's financial reporting obligations rather than disclosing financial performance data.
Material Changes and Compliance Status
On November 17, 2009, the Company received notification from NASDAQ that it is no longer in compliance with Listing Rule 5250(c)(1). This non-compliance stems from the failure to timely file the Form 10-Q for the quarter ended September 30, 2009. Consequently, the Company faces potential delisting if compliance is not restored.
Outlook, Management Commentary, and Risks
- Compliance Timeline: The Company has 60 calendar days, until January 19, 2010, to submit a plan to regain compliance to NASDAQ.
- Extension Possibility: If a plan is accepted, NASDAQ may grant an exception of up to 180 calendar days from the original due date, extending the deadline to May 17, 2010.
- Management Intent: The Company intends to either file the overdue Form 10-Q or submit a compliance plan by January 19, 2010.
- Risk: Failure to regain compliance within the specified timeframe could result in the delisting of the Company's securities from the NASDAQ Stock Market.
Key Facts for Investor Verification
- Verify the current status of the Form 10-Q for the quarter ended September 30, 2009, to confirm if it has been filed.
- Monitor whether the Company submitted a compliance plan to NASDAQ by the January 19, 2010 deadline.
- Check for any subsequent announcements regarding the acceptance of a compliance plan or the granting of an extension by NASDAQ.
- Review the attached press release (Exhibit 99.1) for additional details on the Company's response to the delisting notice.