Business Context and Reporting Period
This Form 8-K is filed by American Lorain Corporation (not Planet Green Holdings Corp. as indicated in metadata) for the reporting period ending January 8, 2018, covering events occurring on January 2, 2018, and January 5, 2018. The registrant is a Nevada corporation with principal executive offices in Shandong, China.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and listing status rather than financial performance data.
Material Changes
- Delisting Notice: On January 2, 2018, the company received notice from NYSE MKT LLC of non-compliance with Section 704 of the NYSE MKT Company Guide.
- Reason for Non-Compliance: The company failed to hold an annual meeting of shareholders during the year ended December 31, 2017.
- Other Events: A press release was issued on January 5, 2018 (attached as Exhibit 99.1), though the specific content of the release is not detailed in the filing text.
Guidance, Outlook, and Risks
Outlook for Compliance: Management anticipates regaining compliance with the Exchange's listing rules once the company holds a combined annual meeting of shareholders following the filing of its Form 10-K for the year ended December 31, 2017, in accordance with SEC Rule 14a-3(b).
Risks: The primary risk identified is the potential loss of listing status on the NYSE MKT due to the failure to hold the required annual shareholder meeting.
Investor Verification Checklist
- Verify the current listing status of American Lorain Corporation on the NYSE MKT.
- Confirm the filing date and content of the Form 10-K for the year ended December 31, 2017.
- Review the attached press release (Exhibit 99.1) for details on the January 5, 2018, announcement.
- Check for confirmation that the annual shareholder meeting has been scheduled or held to resolve the delisting notice.