Standard Register dropped from New York Stock Exchange
Standard Register is being delisted by the New York Stock Exchange.
The move comes after the Dayton company failed to maintain standard listing requirements for 30 consecutive trading days. Those requirements include maintaining an average global market capitalization of at least $15 million.
In a statement, the company says it does not plan to appeal.
On Wednesday, Standard Register moved to the over-the-counter (OTC) Pink Marketplace. The company says shareholders are still the registered owners of their common shares and are able to trade them on OTC Pink under the ticker symbol SRCT.
Last week, the company filed paperwork with the federal Securities and Exchange Commission announcing several leadership changes, including naming an outside officer to oversee restructuring efforts.