Telecommunications equipment manufacturer, Bogen Communications International, Inc. (Ramsey, NJ, U.S.) announced that it has filed a Form 15 with the Securities and Exchange Commission that will terminate the registration of the Company's common stock under the Securities Exchange Act (SEC) of 1934. Bogen will also be delisted from the Nasdaq Stock.
The termination of registration is expected to become effective on March 30, 2004, when Bogen and its stockholders will no longer be held under the provisions of the SEC, including the rules relating to Bogen's obligation to file periodic reports and the delivery to stockholders of proxy materials in connection with stockholder meetings.
The board of directors determined that Bogen should terminate the registration of its common stock because it believes that the costs and administrative burdens to the Company outweigh the advantages of registration.
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