96-23837. Issuer Delisting; Notice of Application to Withdraw From Listing and Registration (Fountain Powerboat Industries, Inc., Common Stock, $0.01 Par Value); File No. 1-10316

[Federal Register Volume 61, Number 182 (Wednesday, September 18, 1996)]
[Notices]
[Pages 49181-49182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23837]


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SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration (Fountain Powerboat Industries, Inc., Common Stock, 
$0.01 Par Value); File No. 1-10316

September 12, 1996.
    Fountain Powerboat Industries, 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 security (``Securtity'') from listing and 
registration on the American Stock Exchange, Inc. (``Amex'').
    The reasons alleged in the application for withdrawing the Security 
from listing and registration include the following:
    According to the Company, its Board of Directors unanimously 
approved resolutions on May 22, 1996 to withdraw the Security from 
listing on the Amex and instead, to list the Security on the National 
Association of Securities Dealers Automated Quotations National Market 
System (``Nasdaq NMS'').
    The decision of the Board followed a lengthy study of the matter 
and was based upon the belief that listing the Security on the Nasdaq 
NMS will be more beneficial to its stockholders than the present 
listing on the Amex because of the perceived greater liquidity of the 
Nasdaq NMS.
    Any interested person may, on or before October 3, 1996 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.


[[Page 49182]]


    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-23837 Filed 9-17-96; 8:45 am]
BILLING CODE 8010-01-M