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VERSO PAPER CORP. FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

February 10, 2014

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On February 4, 2014, the New York Stock Exchange, or "NYSE," notified us that we had satisfied the NYSE's share price continued listing standard by virtue of the fact that as of January 31, 2014, both the closing share price of our common stock and its average closing share price over the preceding 30 consecutive trading days were in excess of the $1.00 minimum threshold required by the NYSE. On January 31, 2014, our closing share price was $3.00 and average closing share price was $2.25. As a result of this occurrence, our common stock will continue to be traded on the NYSE, subject to ongoing monitoring by the NYSE and our compliance with all other applicable NYSE requirements. Separately, and as previously disclosed, we remain subject to potential delisting by the NYSE based on our prior noncompliance with the NYSE's continued listing standard requiring a consecutive 30 trading-day average market capitalization or stockholders' equity of at least $50 million. As permitted by the NYSE's rules, we have submitted to the NYSE a plan to regain compliance with the market capitalization standard, and a decision by the NYSE on whether to accept the plan is anticipated shortly. If our compliance plan is accepted, the NYSE will allow us a period of up to 18 months, measured from August 21, 2013, the date on which we first fell below compliance with the standard, in which to regain compliance. As of the close of trading on February 7, 2014, our average market capitalization was approximately $140 million. On February 10, 2014, we issued a press release announcing the developments disclosed in this report. A copy of the press release is included as an exhibit to this report. Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are included with this report. Exhibit Number Description 99.1 Press release issued by Verso Paper Corp. on February 10, 2014.



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Source: Edgar Glimpses


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