SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): March 6, 1998
BONTEX, INC.
(Exact name of Registrant as specified in its charter)
Virginia 0-5200 22-1427551
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Bontex Drive
Buena Vista, Virginia 24416-0751
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (540) 261-2181
(Former name or former address, if changed since last report)
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Item 5. Other Events.
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The common stock of Bontex, Inc. is traded over-the-counter on The
Nasdaq Stock Market under the symbol of BOTX. Effective February 23,
1998, The Nasdaq Stock Market adopted new listing requirements for issuers
listed on The Nasdaq National Market. The Company received notice on
February 27, 1998, that its common stock is not in compliance with The Nasdaq
National Market's new public float requirements. The Company has ninety
calendar days, which expire May 28, 1998, in order to comply with the new
standard. Because a large portion of the Company's common stock is held or
controlled by management, the Company does not currently expect to achieve
compliance with The Nasdaq National Market public float requirements within
this time period. Accordingly, the Company intends to seek inclusion of its
common stock on The Nasdaq SmallCap Market. Although the Company currently
does not anticipate any problems, there can be no assurance that the
delisting of the Company's common stock from The Nasdaq National Market or
the relisting of the common stock on The Nasdaq SmallCap Market, if
accomplished, will not affect the trading and price of the Company's common
stock.
Bontex is a leading global manufacturer of elastomeric wet web
impregnated fiberboard products used by the footwear, headwear, luggage,
leathergoods, and automotive industries. The Company maintains corporate
headquarters and manufacturing facilities at Bontex, Inc., USA, One Bontex
Drive, Buena Vista, Virginia, and at Bontex SA, Stembert Belgium;
distribution and converting facility at Bontex Italia, Verona, Italy; and
distribution subsidiaries, Bontex de Mexico, SA de CV, in Leon, Mexico and
Bontex Hong Kong in Hong Kong. Bontex also maintains a network of liaison
offices and distributors globally to market Bontex products.
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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.
BONTEX, INC.
By s/James C. Kostelni
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James C. Kostelni
President
Date: March 6, 1998
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