8-K: Current report filing
Published on January 25, 2005
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 Report (Date of earliest event reported) JANUARY 18, 2005
PIZZA INN, INC.
(Exact name of registrant as specified in its charter)
MISSOURI 0-12919 47-0654575
(State or other jurisdiction (Commission File Number) IRS Employer
of incorporation) ( Identification No.)
3551 PLANO PARKWAY, THE COLONY, TEXAS 75056
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (469) 384-5000
NOT APPLICABLE
(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 NOTICE OF DELISTING FOR FAILURE TO SATISFY A CONTINUED LISTING
RULE OR STANDARD; TRANSFER OF LISTING.
On January 18, 2005, Pizza Inn, Inc. notified The NASDAQ Stock Market that,
due to one vacancy on the audit committee that resulted from the resignation of
Robert B. Page as a member of the audit committee, Pizza Inn failed to comply
with the audit committee composition requirements under Marketplace Rule
4350(d)(2)(A) and that Pizza Inn would be relying on the cure period provided
under Marketplace Rule 4350(d)(4). As previously disclosed, Mr. Page resigned
as a member of the audit committee in connection with and effective as of his
appointment as the Acting Chief Executive Officer of Pizza Inn. Pizza Inn has
determined to search for a qualified director to fill the vacancy on the audit
committee and to continue the search for a permanent Chief Executive Officer.
On January 18, 2005, Pizza Inn received notice from The NASDAQ Stock Market
that, consistent with Marketplace Rule 4350(d)(4), Pizza Inn will be provided a
cure period until the earlier of Pizza Inn's next annual shareholders meeting or
January 4, 2006 in order to regain compliance with the audit committee
requirements and that Pizza Inn would be included in a list of non-compliant
Nasdaq companies at www.nasdaq.com on or after January 25, 2005. The notice
from The NASDAQ Stock Market is filed as Exhibit 99.1 to this report and
incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
EXHIBIT NO. DESCRIPTION OF EXHIBIT
- ----------- ----------------------
99.1 Notice dated January 18, 2005 from The NASDAQ Stock Market to
- ---- Pizza Inn, Inc.
SIGNATURES
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.
Pizza Inn, Inc.
Date: January 24, 2005 By: /s/ Rod J. McDonald
Name: Rod J. McDonald
Title: General Counsel and Secretary