0000876661-14-000200.txt : 20140515
0000876661-14-000200.hdr.sgml : 20140515
20140515134407
ACCESSION NUMBER: 0000876661-14-000200
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20140515
DATE AS OF CHANGE: 20140515
EFFECTIVENESS DATE: 20140515
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: KID BRANDS, INC
CENTRAL INDEX KEY: 0000739878
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
IRS NUMBER: 221815337
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08681
FILM NUMBER: 14845722
BUSINESS ADDRESS:
STREET 1: ONE MEADOWLANDS PLAZA, 8TH FLOOR
CITY: EAST RUTHERFORD
STATE: NJ
ZIP: 07073
BUSINESS PHONE: 2014052400
MAIL ADDRESS:
STREET 1: ONE MEADOWLANDS PLAZA, 8TH FLOOR
CITY: EAST RUTHERFORD
STATE: NJ
ZIP: 07073
FORMER COMPANY:
FORMER CONFORMED NAME: RUSS BERRIE & CO INC
DATE OF NAME CHANGE: 19931220
FORMER COMPANY:
FORMER CONFORMED NAME: BERRIE RUSS & CO INC
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
739878
KID BRANDS, INC
001-08681
One Meadowlands Plaza
Suite 803
East Rutherford
NJ
NEW JERSEY
07073
(201) 405-2400
Common Stock
17 CFR 240.12d2-2(b)
Paras Madho
Director
2014-05-15
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
New York Stock Exchange LLC (the 'Exchange' or the 'NYSE') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of Common Stock of Kid Brands, Inc., (the 'Company') from listing and registration on the Exchange at the opening of business on May 27, 2014, pursuant to the provisions of Rule 12d2-2 (b), because the Company has fallen below compliance with the requirement of Section 802.01B of the NYSE Listed Company Manual that listed companies must maintain an average global market capitalization over a consecutive 30 trading day period of not less than $15,000,000.
In addition, the Company had previously fallen below the NYSE's continued listing standard in Section 802.01B of the LCM which requires the Company to maintain either (i) an average global market capitalization over a consecutive 30 trading day period of not less than $50,000,000 or (ii) stockholders' equity of not less than $50,000,000, and was operating under an NYSE approved business plan. Furthermore, the Company was below the NYSE’s continued listing standard in Section 802.01C of the LCM requiring listed companies to maintain an average closing price per share of not less than $1.00 over a consecutive 30 trading day period.
1. The Exchange's Listed Company Manual, Section 802.01B, states, in part, that the Exchange would promptly delist a security of either a domestic or non-U.S. issuer when: the issuer's average global market capitalization over a consecutive 30 trading-day period falls below $15,000,000.
2. The Exchange, on March 25, 2014, determined that the Common Stock should be suspended from trading before the opening of the trading session on March 31, 2014, and directed the preparation and filing with the Commission of this application for the removal of the Common Stock from listing and registration on the Exchange. The Company was notified by letter on March 24, 2014.
3. Pursuant to the above authorization, a press release was issued on March 25, 2014, and an announcement was made on the 'ticker' of the Exchange at the close of the trading session on March 25, 2014 and other various dates of the proposed suspension of trading in the Common Stock. Similar information was included on the Exchange's website. Trading in the Common Stock on the Exchange was suspended before the opening of the trading session on March 31, 2014.
4. The Company had a right to appeal to the Committee for Review of the Board of Directors of NYSE Regulation the determination to delist its Common Stock, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions to the filing of this application have been met.