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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): September 20, 2000
RAMSAY YOUTH SERVICES, INC.
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(Exact name of Registrant as Specified in its Charter)
Delaware 0-13849 63-0857352
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Columbus Center
One Alhambra Plaza, Suite 750
Coral Gables, Florida 33134
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (305) 569-6993
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
Ramsay Youth Services, Inc. (the "Company") received notification from
the Nasdaq Stock Market ("Nasdaq") that the Company's common stock failed to
maintain a minimum market value of public float of $5,000,000 over a 30
consecutive trading day period as required for continued listing on the Nasdaq
National Market under Maintenance Standard I, as set forth in Marketplace Rule
4450(a)(2). The Company did not regain compliance with Marketplace Rule
4450(a)(2) within the 90 calendar day time period.
Nasdaq also informed the Company that its common shares may be eligible
to be listed on the Nasdaq SmallCap Market. On September 20, 2000, the Company
submitted the Nasdaq SmallCap Transfer Listing Application and will continue to
take all necessary and appropriate steps to list its common shares on the Nasdaq
SmallCap Market. Receipt of such application by Nasdaq will stay the delisting
of the Company's common shares until a final determination regarding the
application is made. Although the Company believes that it can satisfy all of
the requirements for inclusion on the Nasdaq SmallCap Market, there can be no
assurance that Nasdaq will approve the Company's application.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits.
Exhibit 99.17 Press release dated September 12, 2000
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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.
RAMSAY YOUTH SERVICES, INC.
Date: September 20, 2000 BY: /s/ Marcio C. Cabrera
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Name: Marcio C. Cabrera
Title: Executive Vice President and
Chief Financial Officer
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