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As of 8:10 PM 04/22/14 All times are local (Market data is delayed by at least 15 minutes).

taitron components inc-cl a (TAIT) Key Developments

Taitron Components Inc., Annual General Meeting, May 30, 2013

Taitron Components Inc., Annual General Meeting, May 30, 2013., at 10:00 Pacific Standard Time. Location: 28040 West Harrison Parkway. Agenda: To elect 5 members to serve on the Board of Directors until the next annual meeting of shareholders and/or until his successor has been duly elected and qualified; to act on an advisory vote to approve the company's executive compensation (Say-On-Pay); to act on an advisory vote on the frequency of the shareholder Say-On-Pay; and to transact other business properly come before the annual meeting or any postponement(s) or adjournment(s) thereof.

Taitron Components Receives Non-Compliance Notice From Nasdaq

On July 10, 2012, Taitron Components Inc. received a notification letter from The Nasdaq Stock Market, LLC (Nasdaq) stating that, based upon the closing bid price of the company’s common stock, $0.001 par value, for the last 30 consecutive business days, the company no longer meets the requirement that listed securities maintain a minimum bid price of $1.00 per share in accordance with Nasdaq Marketplace Rule 5550(a)(2). The notification has no immediate effect on the listing of the company’s common stock, which will continue to trade on the Nasdaq Capital Market. The notification letter states that the Nasdaq listing rules provide the company a compliance period of 180 calendar days, or until January 7, 2013, in which to regain compliance. If at any time during this 180 day period the closing bid price of the company’s security is at least $1.00 per share for a minimum of 10 consecutive business days, the company will have regained compliance. The notification letter also states that, in the event the company does not regain compliance, the company may be eligible for additional time. To qualify, the company will be required to meet the continued listing requirement for market value of publicly held shares and all other Nasdaq initial listing standards, with the exception of the minimum bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the company meets these requirements, Nasdaq will inform the company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq staff that the company will not be able to cure the deficiency, or if the company is otherwise not eligible, Nasdaq will provide the company with notice that its securities will be subject to delisting. The company intends to actively monitor the bid price for its common stock between now and January 7, 2013, and will consider available options to regain compliance with the minimum bid price requirement.

Taitron Components Inc., Annual General Meeting, May 31, 2012

Taitron Components Inc., Annual General Meeting, May 31, 2012., at 10:00 Pacific Standard Time. Location: at 28040 West Harrison Parkway. Agenda: To elect five members to serve on Board of Directors until the next annual meeting of shareholders and/or until his successor has been duly elected and qualified; and to transact other business properly come before the Annual Meeting or any postponement or adjournments thereof.

 

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