[Federal Register Volume 60, Number 57 (Friday, March 24, 1995)]
[Notices]
[Pages 15620-15621]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7319]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Kinark Corporation, Common Stock, $0.10 Par Value)
File No. 1-3920
March 20, 1995.
Kinark Corporation (``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-(d) promulgated thereunder, to withdraw the above specified
security (``Security'') from listing and registration on the Pacific
Stock Exchange, Incorporated. (``PSE'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
The Board of Directors of the Company (``Board''), pursuant to
lawfully delegated authority, unanimously approved a resolution on
September 21, 1994, to withdraw the Company's listing on the PSE and to
maintain its listing and registration on the American Stock Exchange,
Inc. (``Amex''). The decision of the Board followed a study of the
matter, and was based upon the belief that the listing on the PSE was
no longer beneficial to the Company because:
(1) The dual listing of the Security on the PSE and Amex was no
longer cost-effective in light of the low annual trading volume of the
Security on the PSE;
(2) The presence of a substantial national and liquid market for
the Security on Amex; and
(3) The continuing need for the Company to reduce the costs of
doing business in the current competitive environment in which the
Company operates.
Any interested person may, on or before April 10, 1995, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street NW., 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 [[Page 15621]] 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. 95-7319 Filed 3-23-95; 8:45 am]
BILLING CODE 8010-01-M
