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EX-99.1 - PRESS RELEASE - Horizon Lines, Inc. | d245369dex991.htm |
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): October 14, 2011
HORIZON LINES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-32627 | 74-3123672 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
4064 Colony Road, Suite 200
Charlotte, North Carolina 28211
(Address of Principal Executive Offices, including Zip Code)
(704) 973-7000
(Registrants telephone number, including area code)
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 or Failure to Satisfy a Continued List Rule or Standard; Transfer Listing.
On October 14, 2011, the New York Stock Exchange (the NYSE) notified Horizon Lines, Inc. (the Company) that it determined that trading on the NYSE of the Companys common stock should be suspended prior to the opening on October 20, 2011, and that it intends to begin the process to delist the Companys common stock. The NYSE notified the Company that it was not in compliance with the NYSEs continued listing standard that requires the Companys average global market capitalization to be at least $15 million over a consecutive 30-trading-day period. Effective October 20, 2011, the Companys common stock will trade on the OTCQB Marketplace under the symbol HRZL.
On October 19, 2011, the Company announced that it is appealing the NYSEs determination. The Company has been advised by the NYSE that the NYSE will not take any additional action to pursue delisting of the stock until the appeal is completed.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
Description of Exhibit | |
99.1 | Press Release of Horizon Lines, Inc. dated October 19, 2011. |
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.
HORIZON LINES, INC. | ||||||
Date: October 20, 2011 | By: | /s/ Michael T. Avara | ||||
Name: | Michael T. Avara | |||||
Title: | Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
Description of Exhibit | |
99.1 | Press Release of Horizon Lines, Inc. dated October 19, 2011. |
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