form8k-april2008.htm
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: April 21, 2008
(Date of earliest
event reported)
SYNERGX
SYSTEMS INC.
(Name
of small business issuer in its charter)
Delaware 11-2941299
(State or
other jurisdiction of incorporation (I.R.S.
Employer Identification No.)
or organization)
209 Lafayette Drive,
Syosset, New York
11791
(Address
of principal executive offices) (Zip
code)
Issuer's
telephone number: (516)
433-4700
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:
[ ]
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 Failuer to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
(a) On April
21, 2008, Synergx Systems Inc. (the “Company”) received a letter (the “Letter”)
from The NASDAQ Stock Market (“NASDAQ”) notifying the Company that for the last
30 consecutive days, the bid price of the Company’s common stock has closed
below the minimum $1.00 per share requirement for continued inclusion under
Marketplace Rule 4310(c)(4) (the “Rule”). The Company has been provided with 180
calendar days (until October 20, 2008) to regain compliance. The Letter states
that if, at any time before October 20, 2008, the bid price of the Company’s
common stock closes at $1.00 per share for a minimum of 10 consecutive business
days, then NASDAQ will provide the Company with written notification that it has
complied with the Rule.
If compliance
with the Rule cannot be demonstrated by October 20, 2008, then NASDAQ will
decide whether the Company meets NASDAQ’s listing criteria set forth in
Marketplace Rule 4310(c), except for the bid price requirement. The Letter
states that, if the Company meets these criteria, then the Company will be
granted an additional 180 calendar day compliance period. If the Company is not
granted an additional 180 calendar period, then NASDAQ will provide written
notification that the Company’s securities will be delisted.
Management
and the Board of Directors will consider available strategies in order to
satisfy the minimum bid price requirement.
Item
8.01 Other Events.
On April 25,
2008, the Company issued a press release announcing that it received the
Letter.
Item
9.01. Financial Statements and Exhibits.
(a) Not
applicable
(b) Not
applicable
(c) Not
applicable
(d)
Exhibits
Exhibit
No. Description
10.1 Press Release issued
by Synergx Systems Inc. and dated April 25, 2008
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the Company has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SYNERGX SYSTEMS
INC.
(Registrant)
By: /s/ JOHN A.
POSERINA
---------------------------------
John A.
Poserina,
Chief Financial
Officer, Secretary
And Director(Principal Accounting
and
Financial
Officer)
Dated:
April 25, 2008
EXHIBIT INDEX
Exhibit
No. Description
10.1 Press Release issued
by Synergx Systems Inc. and dated April 25, 2008