Bogen Communications International, Inc., Files to Cease Registration of Its Common Stock with the Securities and Exchange Commission.Business Editors RAMSEY, N.J.--(BUSINESS WIRE)--Dec. 31, 2003 Bogen Communications International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOGN) announced today that it has filed a Form 15 with the Securities and Exchange Commission, which, when it becomes effective, will have the effect of terminating the registration of the Company's common stock under the Securities Exchange Act of 1934. In connection with this filing, Bogen will also be delisted from the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. effective at the end of the trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. today. The termination of registration is expected to become effective on March 30, 2004. Once the termination becomes effective, Bogen and its stockholders will no longer be subject to the provisions of and rules under the Securities Exchange Act of 1934 applicable to registered companies, including the rules relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Bogen's obligation to file periodic reports, such as Forms 10-K and 10-Q, and the delivery to stockholders of proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other in connection with stockholder meetings. As of today, Bogen's obligation to file periodic reports, such as Forms 10-K and 10-Q, with the SEC is suspended pending the effective date of termination. Upon delisting from Nasdaq, it is anticipated that Bogen's common stock will be quoted only on the "pink sheets." The board of directors determined that Bogen should terminate the registration of its common stock under the Securities Exchange Act of 1934 because it believes that the advantages of registration are outweighed by the costs and administrative burdens to the Company. In making its determination, the Board of Directors considered, among other things, the trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. in the Company's common stock and the costs associated with remaining an SEC reporting company. About Bogen Bogen Communications International, Inc., based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now , and Germering, Germany, develops, manufactures, and markets telecommunications peripherals, sound processing equipment, and Unified Messaging products and services. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. |
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