SEC Filing Summary: Dex Media, Inc. (DXM)
Business Context and Reporting Period
This Form 8-K was filed by Dex Media, Inc. on July 7, 2015, reporting an event that occurred on June 30, 2015. The filing addresses a regulatory notice regarding the company's continued listing status on The Nasdaq Stock Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the market value of publicly held shares, which fell below the $15 million minimum required by Nasdaq Listing Rule 5450(b)(3)(C) for 30 consecutive days.
Material Changes
The material change reported is the receipt of a deficiency notice from Nasdaq due to the failure to maintain the minimum market value of publicly held shares. This represents a deviation from the continued listing standards required for the company's common stock.
Outlook, Risks, and Contingencies
- Compliance Period: The company has been granted 180 calendar days, until December 28, 2015, to regain compliance.
- Compliance Requirement: To avoid delisting, the market value of publicly held shares must reach $15 million or more for a minimum of ten consecutive business days prior to the deadline.
- Immediate Impact: The notification has no immediate effect on the listing of the stock on The Nasdaq Global Select Market under the symbol "DXM."
- Contingency: If the company fails to regain compliance by the deadline, its common stock will be subject to delisting by Nasdaq.
Investor Verification Checklist
- Verify the current market capitalization and trading volume of Dex Media, Inc. to assess the likelihood of meeting the $15 million threshold.
- Monitor subsequent filings for any announcements regarding capital raising, share buybacks, or other actions taken to restore compliance.
- Confirm the exact date the 10-day compliance window is achieved, if applicable, before the December 28, 2015 deadline.
- Review the company's broader financial health in recent 10-Q or 10-K filings, as this 8-K does not contain operational financial data.