Business Context and Reporting Period
Company: Orion Energy Systems, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 25, 2010
Reporting Period: Event date of March 25, 2010
The Company provided written notice to The Nasdaq Stock Market LLC regarding a voluntary transfer of its stock listing.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
- Listing Transfer: The Company expects to cease trading on the Nasdaq Global Market prior to the opening of trading on April 6, 2010.
- New Listing: Trading will commence on NYSE Amex LLC on April 6, 2010.
- Stock Symbol: The common stock will continue to trade under the symbol "OESX."
Management Commentary and Outlook
Management stated that the transfer to NYSE Amex is intended to:
- Provide added visibility in the financial markets.
- Increase the liquidity of the common stock.
- Provide the advantages of a designated market maker.
- Enhance investor outreach.
A press release issued on March 25, 2010, is attached as Exhibit 99.1.
Investor Verification Checklist
- Confirm the exact trading halt time on Nasdaq and resumption time on NYSE Amex on April 6, 2010.
- Verify that the stock symbol "OESX" remains unchanged post-transfer.
- Review the attached press release (Exhibit 99.1) for additional details on the transition process.
- Check for any subsequent filings regarding the completion of the listing transfer.