-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dq07XeB58rXJkjU5eMayDd/2omQv5SQ8udaT4gdV5Qa8k3X3W7Qt1NLRO0PBnucP QI0xYmwBcRXHQCMrbjC4hw== 0000910620-03-000099.txt : 20030822 0000910620-03-000099.hdr.sgml : 20030822 20030822122902 ACCESSION NUMBER: 0000910620-03-000099 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030822 ITEM INFORMATION: Other events FILED AS OF DATE: 20030822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WICKES INC CENTRAL INDEX KEY: 0000910620 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] IRS NUMBER: 363554758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14967 FILM NUMBER: 03861825 BUSINESS ADDRESS: STREET 1: 706 N DEERPATH DR CITY: VERNON HILLS STATE: IL ZIP: 60061 BUSINESS PHONE: 8473673400 MAIL ADDRESS: STREET 1: 706 NORTH DEERPATH DR CITY: VERNON HILLS STATE: IL ZIP: 60061 FORMER COMPANY: FORMER CONFORMED NAME: WICKES LUMBER CO /DE/ DATE OF NAME CHANGE: 19930813 8-K 1 a8knasd.txt NASDAQ EQUITY NOTIFICATION LETTER United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 Date of Report (Date of earliest event reported) : August 22, 2003 WICKES INC. ----------- (Exact name of registrant as specified in its charter) Delaware 1-14967 36-3554758 -------- ---------- ---------- (State of Incorporation) (Commission File No.) (IRS Employer Identification No.) 706 North Deerpath Drive, Vernon Hills, Illinois 60061 ------------------------------------------------------ (Address of principal executive offices) (847) 367-3400 -------------- (Registrant's telephone number, including area code) Item 5. Other Events and Required FD Disclosure. - ------------------------------------------------- On August 21, 2003, the Company received a letter from NASDAQ stating that, based on the Company's Quarterly Report on Form 10-Q for the quarter ended June 28, 2003, the Company does not comply with Marketplace Rule 4310(c)(2)(B). Therefore the Staff of the NASDAQ is reviewing the Company's eligibility for continued listing on The NASDAQ SmallCap Market. A copy of NASDAQ's letter is attached as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference. Item 7.Financial Statement, Pro Forma Financial Information and Exhibits. - ------------------------------------------------------------------------- (c) Exhibits - ------------ Exhibit Number Description of Exhibits 99 Letter, dated August 20, 2003, from NASDAQ 2 NASDAQ Douglas D. McKenney, CFA - Director Listing Qualifications The Nasdaq Stock Market, Inc. 301-978-5011 August 20, 2003 By Facsimile and First Class Mail Mr. James A. Hopwood Senior Vice President and Chief Financial Officer Wickes, Inc. 706 North Deerpath Drive Vernon Hills, IL 6006! Re: Wickes, Inc. (the "Company') Dear Mr. Hopwood: Based on the Form l0-Q for the period ended June 28, 2003, Staff determined that the Company's stockholders' equity was $(9,427,000). In addition, as of August 19, 2003, Staff determined that the market value of listed securities was 7,394,106.1 Finally, the Company reported net (losses from continuing operations of $(20,486,000), $(15,590,000), and $(8,481,000), in its annual filings for the fiscal years ended 2002, 2001, 2000, respectively.2 Accordingly, the Company does not comply with Marketplace Rule 4310(c)(2)(B), which requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. Under these circumstances, Staff is reviewing the Company's eligibility for continued listing on The Nasdaq SmallCap Market. To facilitate this review, please provide on or before September 4, 2003, the Company's specific plan to achieve and sustain compliance with all The Nasdaq SmallCap Market listing requirements, including the time frame for completion of the plan. The Company is encouraged to provide any relevant documentation, including but not limited to financial projections, agreements, offering circulars, letters of intent and contracts. Staff will contact the Company after reviewing the plan and notify you if we have any questions or concerns regarding the plan. If, after the conclusion of our review process, Staff determines that the Company's plan does not adequately address the issues noted, we will provide written notification that its securities will be delisted. At that time, the Company may appeal Staffs decision to a Nasdaq Listing Qualifications Panel. If you have any questions, please contact me at 301-978-8011. Sincerely, Douglas McKenney 1 Listed securities means securities quoted on Nasdaq or listed on a national securities exchange. The calculation is based on 8,307,984 shares outstanding as of July 31, 2003 multiplied by the closing inside bid price of $0.89. 2 Fiscal years ending December 2& 2002; December 29, 2001; and December 30, 2000. -----END PRIVACY-ENHANCED MESSAGE-----