Weis Markets, Inc. Form 8K

 


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): November 12, 2015

WEIS MARKETS, INC.
(Exact name of registrant as specified in its charter)

Pennsylvania
(State or other jurisdiction of incorporation)

 

1-5039
(Commission File Number)
  24-0755415
(IRS Employer Identification No.)

1000 South Second Street
Sunbury, PA
(Address of principal executive offices)
 

17801
(Zip Code)

Registrant's telephone number, including area code: (570) 286-4571         

N/A
(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 Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     On November 12, 2015, Weis Markets, Inc. (the "Company") received a notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 26, 2015.

     As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on November 5, 2015, the Company was unable to file the Form 10-Q by its original deadline without unreasonable effort or expense due to unexpected delays involved in the compiling of the Company's financial information to produce final financial statements and related supporting documentation. The Company requires additional time to complete a review and analysis of certain potential adjustments to its historical financial statements related to self-insurance reserves.

     The NYSE informed the Company that, under the NYSE's rules, the Company will have six months from the original due date to file the Form 10-Q with the SEC. The Company can regain compliance with the NYSE listing standards at any time before that date by filing the Form 10-Q with the SEC. If the Company fails to file the Form 10-Q before the NYSE's compliance deadline, the NYSE may grant, at its discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The letter from the NYSE also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.




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.

 

    WEIS MARKETS, INC.  
       
       
    By: /s/Scott F. Frost  
    Name: Scott F. Frost  
    Title: Senior Vice President, Chief Financial Officer  
              and Treasurer  
              (Principal Financial Officer)  
                 
Dated: November 13, 2015