[Federal Register Volume 59, Number 216 (Wednesday, November 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-27695]
[[Page Unknown]]
[Federal Register: November 9, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Action Performance Companies, Inc., Common Stock,
$0.01 Par Value and Warrants Expiring April 27, 1998) File No. 1-11866
November 3, 1994.
Action Performance Companies, Inc. (``Company'') has filed an
application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified securities (``Securities'') from listing
and registration on the Pacific Stock Exchange, Inc. (``PSE'').
The reasons alleged in the application for withdrawing the
Securities from listing and registration include the following:
According to the Company, the Securities have been listed and
traded on both the Exchange and the NASDAQ National Market System
(NASDAQ/NMS) since the Company's April 1993 initial public offering of
the Securities. Since April, 1993, the primary trading market for the
Securities has developed on the NASDAQ/NMS. As a result, the officers
and directors of the Company have determined that there is not
sufficient trading volume on the Exchange to warrant the expenses
involved with continued listing on both the Exchange and NASDAQ/NMS.
The Company also find that multiple listing results in an unnecessarily
burdensome duplication of filing documents with both the Exchange and
NASDAQ whenever the Company makes any filing with the Commission.
Any interested person may, on or before November 25, 1994 submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
exchanges and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-27695 Filed 11-8-94; 8:45 am]
BILLING CODE 8010-01-M
