UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): November 10, 2010
TRANS-LUX CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-2257 13-1394750
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
26 Pearl Street, Norwalk, CT 06850-1647
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 853-4321
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(Former name or former address, if changed since 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-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
Trans-Lux Corporation (the "Corporation") received a letter dated
November 10, 2010 from NYSE Amex LLC (the "Exchange") informing the
Corporation that the Listings Qualifications Panel of the Exchange's
Committee on Securities (the "Panel") has affirmed the determination
to delist the common stock of the Corporation as of November 17,
2010. The Panel stated that it agreed with the determination of the
staff of the compliance department of the Exchange that the
Corporation does not meet the Exchange's requirement of at least
$6.0 million of stockholders' equity and the Company is currently
financially impaired given its default under numerous obligations
and working capital deficit.
The Corporation may request a review by the full Committee on
Securities within 15 calendar days from November 10, 2010, however,
such a request will not operate as a stay of the Panel's decision.
The Exchange has informed the Corporation, therefore, that it will
suspend trading in the Corporation's common stock as soon as
practicable in accordance with the Exchange's Company Guide (the
"Company Guide") and will file an application with the Securities
and Exchange Commission to strike the Corporation's Common Stock
from listing and registration on the Exchange when and if authorized
in accordance with the Company Guide.
The Corporation is currently considering all of its options in light
of the Panel's decision, including but not limited to, requesting
that the full Committee on Securities review the decision of the
Panel.
On November 12, 2010, the Corporation issued a press release
disclosing the Corporation's receipt of the letter and the other
matters discussed herein. A copy of the press release is attached
as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated November 12, 2010
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 hereunto duly authorized.
TRANS-LUX CORPORATION
by: /s/ Angela D. Toppi
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Angela D. Toppi
Executive Vice President
and Chief Financial Officer
Date: November 12, 2010