SIGMATRON INTERNATIONAL INC NASDAQ false 0000915358 0000915358 2024-09-10 2024-09-10

 

 

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): September 10, 2024

 

 

SIGMATRON INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   0-23248   36-3918470

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

2201 Landmeier Road

Elk Grove Village, Illinois

   60007
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (847) 956-8000

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 Instructions 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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange

on which registered

Common Stock, $0.01 par value per share   SGMA   The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

ITEM 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, on August 16, 2024, SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the “Company”) received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was no longer in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in timely filing its Form 10-K for the fiscal year ended April 30, 2024 with the Securities and Exchange Commission (the “SEC”).

On September 3, 2024, the Company filed its Form 10-K (as amended on September 6, 2024, the “Form 10-K”) with the SEC and was subsequently notified on September 10, 2024, that the Company had regained compliance under Nasdaq Listing Rule 5250(c)(1) as a result of the filing of the Form 10-K and that this matter is now closed.

On September 11, 2024, the Company issued a press release announcing the foregoing. A copy of that press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference.

 

ITEM 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits. The exhibits listed in the following Exhibit Index are filed as part of this current report.

 

Exhibit

   No.   

   

Description

Exhibit 99.1    SigmaTron International, Inc. press release dated September 11, 2024.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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.

 

      SIGMATRON INTERNATIONAL, INC.
Date: September 11, 2024     By:  

/s/ James J. Reiman

    Name:   James J. Reiman
    Title:   Chief Financial Officer

Exhibit 99.1

 

LOGO

 

     

SigmaTron International, Inc.

2201 Landmeier Road

Elk Grove Village, Illinois 60007

TEL (800) 700-9095

 

LOGO

For Further Information Contact:

SigmaTron International, Inc.

James J. Reiman

1-800-700-9095

SIGMATRON INTERNATIONAL, INC. REGAINS COMPLIANCE WITH NASDAQ LISTING RULE 5250(c)(1)

ELK GROVE VILLAGE, Illinois September 11, 2024 — SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the “Company”), announced today that on September 10, 2024, it received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the Securities and Exchange Commission (“SEC”) its Form 10-K for the annual period ended April 30, 2024, on September 3, 2024 (as amended on September 6, 2024, the “Form 10-K”).

As previously disclosed, on August 16, 2024, the Company received notice from Nasdaq indicating that, as a result of the Company’s delay in filing its Form 10-K, the Company was no longer in compliance with the timely filing requirements under Nasdaq Listing Rule 5250(c)(1). As a result of filing the Form 10-K, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1).

About SigmaTron International, Inc.

Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. operates in one reportable segment as an independent provider of electronic manufacturing services (“EMS”). The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. The Company and its wholly-owned subsidiaries operate manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. In addition, the Company maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan. The Company also provides design services in Elk Grove Village, Illinois, U.S.

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Document and Entity Information
Sep. 10, 2024
Cover [Abstract]  
Entity Registrant Name SIGMATRON INTERNATIONAL INC
Security Exchange Name NASDAQ
Amendment Flag false
Entity Central Index Key 0000915358
Document Type 8-K
Document Period End Date Sep. 10, 2024
Entity Incorporation State Country Code DE
Entity File Number 0-23248
Entity Tax Identification Number 36-3918470
Entity Address, Address Line One 2201 Landmeier Road
Entity Address, City or Town Elk Grove Village
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60007
City Area Code (847)
Local Phone Number 956-8000
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Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.01 par value per share
Trading Symbol SGMA
Entity Emerging Growth Company false
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