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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) February 9, 1999
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METAL MANAGEMENT, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-14836 94-2835068
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(Commission File Number) (I.R.S. Employer Identification No.)
500 N. Dearborn Street, Suite 405, Chicago, IL 60610
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(Address of Principal Executive Offices) (Zip Code)
(312) 645-0700
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
On February 3, 1999, Metal Management, Inc. (the "Company") received
notification from the NASDAQ Stock Market that the Company's request for an oral
hearing to appeal NASDAQ's decision to delist the Company's common stock from
the NASDAQ Stock Market had been granted. The hearing will be held before a
panel authorized by NASDAQ's Board of Directors (the "Panel") on Thursday, March
18, 1999 at 10:30 a.m. in Washington, D.C.
The Company had previously received notification from NASDAQ that it
intended to delist the Company's common stock from the NASDAQ Stock Market due
to the Company's failure to maintain compliance with NASDAQ's alternative
listing Maintenance Standards, by failing either to meet NASDAQ's net tangible
asset requirement or to maintain the minimum bid price of its common stock at or
above $5 per share.
Until a decision is made by the Panel, the Company's common stock will
remain listed on the National Market System of NASDAQ. The Company also intends
to continue to explore other listing alternatives pending the outcome of its
appeal with NASDAQ. If the Company is not successful in its appeal, its common
stock will continue to trade on NASDAQ's SmallCap Market or on another
appropriate trading exchange or market. There can be no assurance as to when a
decision will be reached by the Panel or that such a decision will be favorable
to the Company. An unfavorable decision will result in the immediate delisting
of the Company's common stock irrespective of the Company's ability to appeal
such a decision.
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.
METAL MANAGEMENT, INC.
Dated: February 9, 1999 By: /s/ DAVID A. CARPENTER
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David A. Carpenter
Vice President, General Counsel and Secretary
