Last $1.68 USD
Change Today 0.00 / 0.00%
Volume 0.0
AQQ On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 4:30 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

american spectrum realty inc (AQQ) Snapshot

Open
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Previous Close
$1.68
Day High
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Day Low
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52 Week High
09/18/13 - $2.65
52 Week Low
01/16/14 - $1.10
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
$-1.05
Shares Outstanding
3.7M
EX-Date
03/25/03
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for AMERICAN SPECTRUM REALTY INC (AQQ)

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american spectrum realty inc (AQQ) Details

American Spectrum Realty, Inc., through its subsidiaries, engages in the ownership, management, and operation of income-producing properties in the United States. As of December 31, 2008, it owned and operated 29 properties, which consisted of 23 office buildings, 5 industrial properties, and 1 retail property. The company was founded in 2000 and is based in Houston, Texas.

180 Employees
Last Reported Date: 04/1/13
Founded in 2000

american spectrum realty inc (AQQ) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $612.7K
Compensation as of Fiscal Year 2012.

american spectrum realty inc (AQQ) Key Developments

American Spectrum Realty Receives Additional Correspondence From NYSE MKT LLC

American Spectrum Realty, Inc. announced the receipt by the Company of correspondence from NYSE MKT LLC (Exchange) advising the Company that it accepted the Company's plan to regain compliance with the Exchange's continued listing standards and establishing time periods for the Company to regain compliance. On March 31, 2014, the Company filed a Form 12b-25 with the Securities and Exchange Commission disclosing that it was unable to file with the SEC its annual report on Form 10-K for the year ended December 31, 2013 (2013 Form 10-K) by April 1, 2014 and that it expected to file its annual report as soon as practicable. On April 16, 2014, the Company received correspondence from the Exchange advising the Company that it was not in compliance with the continued listing standards of the Exchange as a result of the failure to timely file the 2013 Form 10-K. The Company submitted to the Exchange on April 30, 2014, a plan of compliance (Plan) setting forth the steps intended to be taken by the Company to regain compliance with the NYSE MKT Company Guide no later than July 15, 2014. On June 25, 2014, the Company received correspondence from the Exchange, notifying the Company that the Exchange accepted the Company's plan and granted the Company extensions to regain compliance with the continued listing standards of the Exchange to no later than July 15, 2014 for the 2013 Form 10-K and no later than August 18, 2014 for the 2014 March Form 10-Q. On August 4, 2014, the Company received correspondence from the Exchange, notifying the Company that the Exchange accepted the Company's plan and granted the Company further extensions to regain compliance with the continued listing standards of the Exchange to no later than September 2, 2014 for the 2013 Form 10-K and no later than October 3, 2014 for the 2014 March Form 10-Q (Plan Periods). The Company will be subject to periodic review by the Exchange during the Plan Periods. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards by the end of the Plan Periods could result in the Company being delisted from the Exchange. On August 19, 2014, the Company received additional correspondence from the Exchange advising that the Company is not in compliance with certain of the Exchange's continued listing standards and the Company has therefore become subject to the procedures and requirements of Section 1009 of the NYSE MKT Company Guide (Company Guide). The Exchange has advised that in order for the Company to maintain its listing with the Exchange, the Company must submit a plan of compliance (Plan) by September 18, 2014 addressing how the Company intends to regain compliance with the Exchange's listing requirements by February 19, 2016 (Plan Period). The Exchange's Issuer Oversight Department will evaluate the Company's Plan and make a determination as to whether such Plan provides a reasonable demonstration of the Company's ability to regain compliance within the Plan Period. If the Exchange accepts the Plan, the Company may be able to continue its listing during the Plan Period subject to periodic reviews by the Exchange to determine whether the Company is making progress consistent with the Plan. The Company continues to work towards compliance with the Plan and intends to file the 2013 Form 10-K and 2014 March Form 10-Q as soon as practicable.

American Spectrum Realty Announces The Receipt Of Correspondence From NYSE MKT LLC

American Spectrum Realty, Inc. announced the receipt by the Company of correspondence from NYSE MKT LLC advising the Company that it accepted the Company's plan to regain compliance with the Exchange's continued listing standards and establishing time periods for the Company to regain compliance. On March 31, 2014, the Company filed a Form 12b-25 with the Securities and Exchange Commission disclosing that it was unable to file with the SEC its annual report on Form 10-K for the year ended December 31, 2013 by April 1, 2014 and that it expected to file its annual report as soon as practicable. On April 16, 2014, the Company received correspondence from the Exchange advising the Company that it was not in compliance with the continued listing standards of the Exchange as a result of the failure to timely file the 2013 Form 10-K. The Company submitted to the Exchange on April 30, 2014, a plan of compliance setting forth the steps intended to be taken by the Company to regain compliance with the NYSE MKT Company Guide no later than July 15, 2014. On June 25, 2014, the Company received correspondence from the Exchange, notifying the Company that the Exchange accepted the Company's plan and granted the Company extensions to regain compliance with the continued listing standards of the Exchange to no later than July 15, 2014 for the 2013 Form 10-K and no later than August 18, 2014 for the 2014 March Form 10-Q. On August 4, 2014, the Company received correspondence from the Exchange, notifying the Company that the Exchange accepted the Company's plan and granted the Company further extensions to regain compliance with the continued listing standards of the Exchange to no later than September 2, 2014 for the 2013 Form 10-K and no later than October 3, 2014 for the 2014 March Form 10-Q. The Company will be subject to periodic review by the Exchange during the Plan Periods. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards by the end of the Plan Periods could result in the Company being delisted from the Exchange. The Company continues to work towards compliance with the Plan and intends to file the 2013 Form 10-K and 2014 March Form 10-Q as soon as practicable.

American Spectrum Realty Inc Approves Amendments to its Bylaws, Effective as of July 18, 2014

On July 18, 2014, American Spectrum Realty Inc’s Board of Directors approved amendments to the company's bylaws, effective as of July 18, 2014. The Amended Bylaws were amended to, among other things, (i) provide that, unless the company consents in writing to the selection of an alternative forum, the state courts (and, in some cases, the federal courts) located within the State of Delaware shall be the sole and exclusive forum for certain types of litigation including any derivative action or proceeding brought on behalf of the company, any action asserting a claim of breach of a fiduciary duty owed by any director or officer or other employee of the company to the company or the company's stockholders, (c) any action asserting a claim against the company or any director or officer or other employee of the company arising pursuant to any provision of the Maryland General Corporation Law or the Certificate of Incorporation or the Amended Bylaws, or (d) any action asserting a claim against the company or any director or officer or other employee of the company governed by the internal affairs doctrine, and (ii) to provide for fee-shifting with respect to certain types of litigation brought against the company and/or any director, officer, employee or affiliate where the claiming parties do not obtain a judgment on the merits that substantially achieves, in substance and amount, the full remedy sought.

 

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