SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|Date of Report (Date of Earliest Event Reported):||July 5, 2011|
Castle Brands Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|of incorporation)||File Number)||Identification No.)|
|122 East 42nd Street, Suite 4700, New York, New York||10168|
(Address of principal executive offices)
|Registrants telephone number, including area code:||(646) 356-0200|
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:
[ ] 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.
On July 5, 2011, Castle Brands Inc. (the "Company") received a notice from NYSE Amex, LLC (the "Exchange") indicating that the Company was not in compliance with Section 704 of the NYSE Amex Company Guide (the "Company Guide"), in that it did not hold an annual shareholder meeting within one year after its fiscal year ended March 31, 2010.
On July 6, 2011, the Company submitted a plan of compliance to the NYSE Amex advising the Exchange of actions the Company intends to take to regain compliance with Section 704 of the Company Guide prior to the January 5, 2012 deadline set by the NYSE Amex. The plan states that the Company expects to hold a meeting of its shareholders for the fiscal years ended March 31, 2010 and March 31, 2011 in September 2011, which would bring the Company into compliance with Section 704.
A copy of the press release related to this matter is furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release dated July 8, 2011.
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.
|Castle Brands Inc.|
|July 8, 2011||By:||
/s/ Alfred J. Small
|Name: Alfred J. Small|
|Title: Senior Vice President, CFO, Secretary and Treasurer|
|Press release dated July 8, 2011|
CASTLE BRANDS RECEIVES NOTICE FROM THE NYSE AMEX
RELATING TO FAILURE TO CONDUCT ANNUAL SHAREHOLDER MEETING DURING FISCAL 2011
NEW YORK Castle Brands Inc. (NYSE Amex: ROX), a developer and international marketer of premium beverage alcohol brands, today disclosed receipt of a notice from the NYSE Amex, LLC (NYSE Amex or Exchange), dated July 5, 2011. The notice states that Castle Brands is not in compliance with Section 704 of the NYSE Amex Company Guide (Company Guide) in that it failed to hold an annual shareholder meeting within one year after the Companys fiscal year ended March 31, 2010.
Castle Brands has submitted a plan of compliance to the NYSE Amex advising the Exchange of actions the Company intends to take to regain compliance with Section 704 of the Company Guide prior to the January 5, 2012 deadline set by the NYSE Amex. The plan states that Castle Brands expects to hold a meeting of its shareholders in September 2011, thereby bringing the Company into compliance with Section 704.
The Companys trading symbol will continue to be ROX, however, the extension .BC will be appended on the Consolidated Tape Associations Consolidated Tape System and Consolidated Quote System until the Company regains compliance with the Exchanges requirements.
About Castle Brands Inc.
Castle Brands is a developer and international marketer of premium beverage alcohol brands including: Goslings Rum®, Jeffersons®, Jeffersons Presidential SelectTM and Jeffersons Reserve® Bourbon, Boru® Vodka, Pallini® Limoncello, Raspicello and Peachcello, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Betts & SchollTM wines, cc: winesTM, Celtic Crossing® Liqueur, Bradys® Irish Cream, A. De Fussigny® cognacs, Travis Hasses Original®Liqueurs and TierrasTM tequila. Additional information concerning the Company is available on the Companys website, www.castlebrandsinc.com.
Forward Looking Statements
This press release includes statements of our expectations, intentions, plans and beliefs that constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, related to our annual shareholders meeting and compliance with NYSE Amex listing requirements. You can identify these and other forward-looking statements by the use of such words as may, will, should, expects, intends, plans, anticipates, believes, thinks, estimates, seeks, expects, predicts, could, projects, potential and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks and factors, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement, including whether the Company will hold an annual meeting for 2010 and 2011 prior to January 5, 2012 and whether the Companys Plan of Compliance will be accepted by the Exchange. More information about these and other factors are described under the caption Risk Factors in Castle Brands Annual Report on Form 10-K for the year ended March 31, 2011, filed with the Securities and Exchange Commission.
When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the documents incorporated by reference. New risks and uncertainties arise from time to time, and we cannot predict those events or how they may affect us. We assume no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
Todd Fromer / Garth Russell
KCSA Strategic Communications
(212) 896-1215 / (212) 896-1250
email@example.com / firstname.lastname@example.org
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