UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December
21, 2011
Verso Paper
Corp.
(Exact Name of Registrant as Specified in Its
Charter)
Commission file number: 001-34056
|
Delaware |
75−3217389 |
| (State or Other Jurisdiction of incorporation or organization) | (IRS Employer Identification Number) |
|
6775 Lenox Center Court, Suite 400 |
(901) 369-4100 |
|
Memphis, Tennessee 38115-4436 |
(Registrant’s telephone number, |
| (Address of principal executive offices) (Zip Code) | including area code) |
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instructions A.2. below):
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On December 21, 2011, the New York Stock Exchange notified us that we have fallen below the NYSE’s continued listing standard relating to market capitalization. The NYSE requires that our average market capitalization over a consecutive 30 trading-day period be at least $75 million. As of December 21, 2011, the date of the NYSE notice, our 30 trading-day average market capitalization was approximately $66.6 million.
Under the applicable NYSE rules, we have 45 days from receipt of the NYSE notice to submit a plan to demonstrate our ability to achieve compliance with the market capitalization standard within 18 months. We intend to respond to the NYSE in a timely manner. In the meantime, our common stock will continue to be traded on the NYSE, subject to our compliance with other NYSE continued listing requirements.
On December 23, 2011, we issued a press release announcing that we had
received the NYSE notice of noncompliance with the market capitalization
standard. A copy of the news release is included as Exhibit 99.1 to
this report.
|
Item 9.01 |
Financial Statements and Exhibits. |
| (d) | Exhibits |
| The following exhibit is included with this report. |
|
Exhibit |
|
Description of Exhibit |
|
99.1 |
|
News release issued by Verso Paper Corp. on December 23, 2011. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Date: December 23, 2011 |
||
|
VERSO PAPER CORP. |
||
| By: |
/s/ Robert P. Mundy |
|
|
Robert P. Mundy |
||
|
Senior Vice President and Chief Financial Officer
|
||
EXHIBIT INDEX
|
Exhibit
Number |
|
Description of Exhibit |
|
99.1 |
|
News release issued by Verso Paper Corp. on December 23, 2011. |