UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of
Report: September 15, 2009
(Date of
earliest event reported)
TRACK
DATA CORPORATION
(Exact
Name of Registrant as specified in its Charter)
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Delaware
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0-24634
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22-3181095
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(State
or other jurisdiction of
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(Commission
File Number)
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(IRS
Employer Identification
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incorporation
or organization)
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Number)
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95
Rockwell Place, Brooklyn, New York
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11217
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(Address
of Principal Executives Offices)
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(Zip
Code)
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(718)
522-7373
(Registrant's
telephone number including Area Code)
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 follow
provisions:
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q
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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q
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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q
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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q
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (14 CFR
240.13e-4(c))
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Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing
On
September 15, 2009, the Company received notice from Nasdaq that its common
stock has not maintained a minimum market value of publicly held shares of
$5,000,000 for the last 30 consecutive trading days, as required for continued
inclusion on the Nasdaq Global Market by Listing Rule
5450(b)(1)(C). The Company has been provided 90 calendar days, or
until December 14, 2009, to regain compliance. If the Company does
not meet the minimum $5,000,000 market value test for a minimum of 10
consecutive trading days before December 14, 2009, it will receive notice of
delisting from Nasdaq, which notice may be appealed at that
time. Further, the Company may transfer its securities listing to the
Nasdaq Capital Market, provided it meets the continued inclusion requirements
for that market.
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 thereunto
duly authorized.
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Date:
September 16, 2009
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By
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/s/
Martin Kaye
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Martin
Kaye
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CEO,
CFO
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INDEX TO
EXHIBITS
Exhibit
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No.
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Description
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99.1
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Press
Release of Track Data Corporation dated September 16, 2009 reporting
receipt of Nasdaq delisting notice.
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