Ohio Art Company
Securities and Exchange Commission
Issuer Delisting; Notice of Application of The Ohio Art Company to Withdraw its Common Stock, $1.00 par value, from Listing and Registration on the American Stock Exchange LLC
File No. 1-07162
February 27, 2004
The Ohio Art Company, an Ohio corporation ("Issuer"), has filed an application with the Securities and Exchange Commission ("Commission"), pursuant to Section 12(d) of the Securities Exchange Act of 1934 ("Act")1 and Rule 12d2-2(d) thereunder,2 to withdraw its common stock, $1.00 par value ("Security"), from listing and registration on the American Stock Exchange LLC ("Amex" or "Exchange").
On February 19, 2004, the Board of Directors ("Board") of the Issuer unanimously approved a resolution to withdraw the Issuer's Security from listing on the Amex. The Board states that the reasons for such action include: (i) the number of stockholders of record in the Issuer's Security; (ii) the limited extent of trading in the Issuer's Security; and (iii) the material costs of complying with the requirements of the Sarbanes-Oxley Act. The Company anticipates that its Security will be quoted on the OTC Pink Sheets.
The Issuer stated in its application that it has met the requirements of Amex Rule l8 by complying with all applicable laws in the State of Ohio, in which it is incorporated, and with the Amex's rules governing an issuer's voluntary withdrawal of a security from listing and registration.
The Issuer's application relates solely to the withdrawal of the Security from listing on the Amex and from registration under Section 12(b) of the Act3 and shall not affect its obligation to be registered under Section 12(g) of the Act.4
Any interested person may, on or before March 23, 2004, submit by letter to the Secretary of the Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609, facts bearing upon whether the application has been made in accordance with the rules of the Amex and what terms, if any, should be imposed by the Commission for the protection of investors. All comment letters should refer to File No. 1-07162. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation, pursuant to delegated authority. 5
Jonathan G. Katz
1 15 U.S.C. 78l(d).
2 17 CFR 240.12d2-2(d).
3 15 U.S.C. 781(b).
4 15 U.S.C. 781(g).
5 17 CFR 200.30-3(a)(1).