Business Context and Reporting Period
Company: Broadway Financial Corp
Filing Type: Form 8-K (Current Report)
Date of Report: October 3, 2012
Event: Notification of regained compliance with Nasdaq Listing Rule 5250(c)(1).
Key Financial Metrics
This filing is a current report regarding a regulatory status update and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity is not provided in this document.
Material Changes
The material change reported is the receipt of a letter from Nasdaq confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1), which pertains to minimum bid price requirements.
Guidance, Outlook, and Risks
The filing includes no management commentary, financial guidance, or outlook. The primary risk addressed is the prior non-compliance with Nasdaq listing standards, which has now been resolved as of the report date.
Investor Verification Checklist
- Verify the specific date Nasdaq confirmed compliance with Rule 5250(c)(1).
- Review the attached press release (Exhibit 99.1) for details on the steps taken to regain compliance.
- Confirm the current stock bid price to ensure continued compliance with the minimum bid requirement.
- Check subsequent filings for any further updates on listing status or financial performance.