8-K 1 s101367_8k.htm 8-K

 

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 EXCHANGE ACT OF 1934

 

DATE OF EARLIEST EVENT REPORTED: June 19, 2015

 

AXION POWER INTERNATIONAL, INC.

(Exact name of Registrant as specified in its charter)

 

Delaware 000-22573 65-0774638

(State or other jurisdiction of

 incorporation)

(Commission File

Number)

(I.R.S. Employer Identification

Number)

 

3601 Clover Lane

New Castle, PA 16105

(Address of principal executive offices)

 

(724) 654-9300

(Registrant’s telephone number, including area code)

 

(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 Notification of Failure to Satisfy a Continued Listing Rule or Standard and Regained Compliance

 

On June 19, 2015, Axion Power International, Inc. (the “Company”) received a letter from Nasdaq stating that the Company did not meet Listing Rule 5810(b) due to the fact that Mr. Farley, its Chairman, remained as a member of the Company’s Compensation Committee after April 15, 2015, when he acted as the Company’s Principal Executive Officer for 10-K purposes, and was thus no longer an “independent director”. The letter goes on to state that the Company regained compliance on June 1, 2015, when Mr. Farley resigned from the Compensation Committee.

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Axion Power International, Inc. has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: June 23, 2015

 

  Axion Power International, Inc.  
       
  By: /s/ Charles R. Trego  
    Charles R. Trego  
    Chief Financial Officer