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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 30, 2004
VIDEO DISPLAY CORPORATION
(Exact name of registrant as specified in its charter)
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Georgia 0-13394 58-1217564
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(State or other jurisdiction (Commission (IRS Employer
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Of incorporation File Number) Identification)
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1868 Tucker Industrial Drive., Tucker, GA 30084
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 938-2080
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ITEM 3.01(b). NOTICE OF DELISTING
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On September 27, 2004, the Company received a letter from the NASDAQ staff
indicating that the Company currently has less than the required number of
independent directors due to the retirement of Carleton Sawyer from the
Company's Board of Directors, and therefore is not in compliance with the NASDAQ
listing rules. This delisting notification is standard procedure when a NASDAQ
listed company fails to meet the guideline set forth under SEC rules and
regulations. The Company had previously announced on September 13, 2004, that
Mr. Sawyer would retire for health and personal reasons. At that time, the
Company also announced that a new independent board member would be sought to
fill the vacated position. Under SEC guidelines, the position must be filled
prior to the Company's next annual meeting of shareholders in August 2005 and
the Company expects to become compliant with the SEC and NASDAQ rules prior to
the completion of that time period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VIDEO DISPLAY CORPORATION
(Registrant)
Date: September 30, 2004 By: /s/ Ronald D. Ordway
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Ronald D. Ordway
Chief Executive Officer