Business Context and Reporting Period
Company: Axcelis Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 18, 2012
Subject: Regulation FD Disclosure regarding Nasdaq listing compliance.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on stock listing status.
Material Changes
- Nasdaq Compliance Regained: The Company received written notification from the Nasdaq Stock Market on December 18, 2012, confirming it has regained compliance with the $1.00 per share minimum bid price requirement for the Nasdaq Global Select Market.
- Previous Deficiency: In late November 2012, the Company was notified of non-compliance after failing to meet the minimum bid price for 30 consecutive business days.
- Resolution: The Company maintained a closing bid price of at least $1.00 per share for ten consecutive trading days starting December 4, 2012, closing the matter.
Outlook, Risks, and Management Commentary
Listing Status: The Company's common stock will continue to trade on the Nasdaq Global Select Market.
Risks: No new risks or contingencies are disclosed in this specific filing beyond the resolution of the prior listing deficiency.
Guidance: No financial guidance or forward-looking statements regarding operations are included in this report.
Investor Verification Checklist
- Verify the current trading price of Axcelis Technologies stock to ensure continued compliance with the $1.00 minimum bid requirement.
- Review the Company's most recent 10-Q or 10-K for actual financial performance metrics, as this 8-K contains none.
- Confirm the stock's continued listing status on the Nasdaq Global Select Market via the exchange's official website.