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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) NOVEMBER 19, 1996
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MET-COIL SYSTEMS CORPORATION
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(Exact Name of Registrant as Specified in Charter)
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DELAWARE 0-14057 42-1027215
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(State or Other Jurisdiction of Incorporation) (Commission File No.) (I.R.S. Employer No.)
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5486 SIXTH STREET SW, CEDAR RAPIDS, IOWA 52404
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (319) 363-6566
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ITEM 5. OTHER EVENTS
On November 13, 1996, the Registrant is no eligible for inclusion on
Nasdaq's Small Cap Market. The Registrant's stock will now be traded on
the over the counter (OTC) Bulletin Board. The Registrant has fallen
below the minimum requirements for one of the six basic criteria required
for inclusion in the Small Cap Market, but continues to be well over the
threshold for the other criteria.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
C. Exhibits.
99. Press Release dated November 13, 1996.
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: November 19, 1996 Met-Coil Systems Corporation
By /s/ RANDALL J. STODOLA
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Name: Randall J. Stodola
Title: Vice President
Corporate Controller
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EXHIBIT 99
NEWS
[MET COIL SYSTEMS CORPORATION LETTERHEAD]
CEDAR RAPIDS, IOWA -- November 13, 1996 -- Met-Coil Systems Corporation;
a supplier of advanced sheet metal and glass processing technologies for the
global market, announced today that the Company is no longer eligible for
inclusion on Nasdaq's Small Cap Market. However, the stock will be traded on
the OTC Bulletin Board, a system used by virtually all brokerage firms across
the United States. The trading symbol for the Company will be "3METS". The
Company has fallen below the minimum requirement for one of the six basic
criteria required for inclusion in the Small Cap Market but, is well over the
threshold for the other items. The Company will be working diligently to
satisfy the criteria for inclusion in the Nasdaq Small Cap Market again.
Met-Coil is headquartered in Cedar Rapids, Iowa. Its operating units and
affiliates include Iowa Precision Industries also in Cedar Rapids; The
Lockformer Company in Lisle, Illinois; Met-Coil Ltd., Ayase, Japan and Met-Coil
Ltd. - USA in Lisle, Illinois.
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