eLinear Form 8-K 9-15-06
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF
1934
September
11, 2006
Date
of
Report (date of Earliest Event Reported)
ELINEAR,
INC.
(Exact
Name of Registrant as Specified in its Charter)
|
DELAWARE
|
0-27418
|
76-0478045
|
|
(State
or Other Jurisdiction of Incorporation or Organization)
|
(Commission
File No.)
|
(I.R.S.
Employer Identification No.)
|
2901
WEST SAM HOUSTON PARKWAY NORTH, SUITE E-300
HOUSTON,
TEXAS 77043
(Address
of principal executive offices and zip code)
(713)
896-0500
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
name or former address, if changed from last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-14(c)).
Item
3.01 Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
On
September
11, 2006, eLinear, Inc. (“Company”) received a notice of delisting dated
September 8, 2006 from the American Stock Exchange. The reason for the delisting
notice was that: (a) the Company was not in compliance with Section 1003(a)(i
and ii) of the AMEX Company Guide due to its shareholders' equity being less
than $2,000,000 and it incurred losses from continuing operations and/or net
losses in two out of its three most recent fiscal years, and the Company’s
shareholders' equity was less than $4,000,000 and it incurred losses from
continuing operations and/or net losses in three out of its four most recent
fiscal years, and (b) the Company was not in compliance with Sections 134 and
1101 of the AMEX Company Guide due to its failure to file a Form 10-QSB for
the
quarterly period ended June 30, 2006, and Section 1003(a)(iv) in that it has
sustained losses which are so substantial in relation to its overall operations
or its existing financial resources, or its financial condition has become
so
impaired that it appears questionable, in the opinion of the Exchange, as to
whether it will be able to continue operations and/or meet its obligations
as
they mature. The Company has chosen not to appeal the
determination.
Item
9.01 Financial
Statement and Exhibits.
(a) Not
applicable.
(b) Not
applicable.
(c) Exhibits.
[THE
SIGNATURE PAGE FOLLOWS.]
SIGNATURE
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
ELINEAR,
INC
Date: September
15, 2006 By: /s/
Carl A. Chase
Title:
Chairman