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 5, 2006
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GREENMAN TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-13776 71-0724248
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
7 Kimball Lane
Building A
Lynnfield, MA 01940
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(Address of principal executive offices, including zip code)
(781) 224-2411
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(Registrant's telephone number, including area code)
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(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:
|_| Written communications pursuant to Rule 425 under the Securities Act
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On January 5, 2006, the Registrant received a notice from the American
Stock Exchange (the "Exchange") indicating that the Registrant is not in
compliance with the Exchange's requirements for continued listing set forth in
Sections 134 and 1101 of the Exchange's Company Guide with respect to the
Registrant's failure to file its Annual Report on Form 10-KSB for the year ended
September 30, 2005 (the "Annual Report") with the Securities and Exchange
Commission. The Registrant previously announced the delayed filing of its Annual
Report, to provide additional time to complete the Registrant's financial
statements, in its Form 8-K dated January 4, 2006.
In order to maintain its listing on the Exchange, the Registrant is
required to submit a plan by January 19, 2006 advising the Exchange of action it
has taken, or will take, that would bring the Registrant into compliance with
Sections 134 and 1101 of the Company Guide by no later than March 20, 2006. If
the Registrant fails to submit such a plan, or submits a plan that is not
accepted by the Exchange, then the Registrant will be subject to delisting
proceedings. Furthermore, if the plan is accepted but the Registrant is not in
compliance with the continued listing standards by March 20, 2006 or does not
make progress consistent with continued listing standards, the Exchange may
initiate delisting proceedings. The Registrant may appeal any determination to
initiate delisting proceedings.
Although the Registrant intends to submit its plan to the Exchange on a
timely basis, and is working diligently to file the Annual Report as promptly as
possible, the Registrant can provide no assurance that the plan will be
accepted, that the Registrant will be able to comply with the plan or that the
Exchange will not initiate delisting proceedings. The Registrant's common stock
will remain listed on the Exchange pending the submission of the plan and any
subsequent delisting proceedings.
On January 11, 2006, the Registrant issued a press release to announce the
receipt of the notice from the Exchange.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Press release of the Registrant dated January 11, 2006
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.
GREENMAN TECHNOLOGIES, INC.
(Registrant)
By: /s/ Charles E. Coppa
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Charles E. Coppa
Chief Financial Officer
Date: January 11, 2006