Business Context and Reporting Period
Company: Graphic Packaging Holding Company
Filing Type: Form 8-K (Current Report)
Date of Report: February 6, 2009
Event: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.
Key Financial Metrics
This filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes
The Company received a notice from NYSE Regulation, Inc. on February 6, 2009, stating it failed to meet the New York Stock Exchange's standard for continued listing. The deficiency relates to the average minimum closing share price, which fell below $1.00 per share over a 30 consecutive trading day period.
Guidance, Outlook, and Management Commentary
- Compliance Timeline: The Company must notify NYSE Regulation of its intent to cure the deficiency within 10 business days of receipt.
- Remediation Goal: The Company must bring its share price and average share price back above $1.00 within six months following receipt of the notification.
- Management Action: The Company intends to take necessary and appropriate actions to achieve compliance and will timely provide the required notice of intent to cure.
- Disclosure: A press release announcing the non-compliance was issued on February 11, 2009.
Investor Verification Checklist
- Verify the current trading price and 30-day average of Graphic Packaging Holding Company stock to assess the severity of the delisting risk.
- Confirm the Company's formal submission of the intent to cure notice to NYSE Regulation within the 10-business-day window.
- Monitor subsequent filings for details on the specific actions the Company plans to take to increase its share price.
- Review the attached press release (Exhibit 99.1) for any additional commentary on the Company's financial condition or strategic response.