Business Context and Reporting Period
Company: Broadway Financial Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: September 16, 2013
Reporting Period: The filing addresses a regulatory event spanning from January 3, 2013, to September 16, 2013.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a regulatory compliance report.
Material Changes
Regulatory Status Change:
- January 3, 2013: The Company was notified by the Nasdaq Stock Exchange that its common stock failed to meet the $1.00 per share minimum bid requirement under Nasdaq Marketplace Rule 5550(a)(2).
- September 16, 2013: The Company received confirmation from Nasdaq that it has regained compliance with the minimum bid requirement.
- Current Status: The compliance matter is now closed.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of the listing deficiency without providing forward-looking guidance or strategic outlook.
Risks and Contingencies: The primary risk addressed was the potential delisting due to non-compliance with the minimum bid price, which has been resolved as of the report date.
Key Facts for Investor Verification
- Verify the current trading price of Broadway Financial Corporation's common stock to ensure continued compliance with Nasdaq listing standards.
- Confirm that no other regulatory notices or compliance issues exist beyond the resolved minimum bid requirement.
- Review subsequent filings for any financial performance data, as this 8-K contains no financial metrics.