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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
October 30, 1996
Date of Report (Date of earliest event reported)
NATIONAL CAPITAL MANAGEMENT CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-169819 93-3054267
(State or other juris- (Commission File Number) (IRS Employer
diction of incorporation) Identification No.)
160 Sansome Street
San Francisco, California 94104
(Address of principal executive offices)
(415) 989-2661
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The Company submitted a request for continued listing on The NASDAQ Stock
Market pursuant to an exception for market value of public float and minimum
bid price as set forth in the NASD Marketplace Rules. After a review of the
Company's submissions, the NASDAQ Listing Qualifications Panel (the "Panel")
determined that an exception would not be granted. Although the Company
indicated that the Board of Directors had authorized a stock repurchase
program which the Company believed would assist the Company in meeting the
bid price and market value of public float requirements, the Panel did not
believe that this proposed plan of compliance could satisfy the requirements
within a reasonable period of time. Although the Company also requested, in
the alternative, that the Panel consider the Company's securities for
inclusion on The NASDAQ SmallCap Market, the Panel noted that the Company
does not meet the minimum bid price of public float for initial inclusion for
that market as well. Accordingly, the Panel determined to delete the
Company's securities from The NASDAQ Stock Market effective October 31, 1996.
The Company's securities, however, are eligible to trade on the OTC Bulletin
Board.
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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 thereunto duly authorized.
NATIONAL CAPITAL MANAGEMENT CORPORATION
(Registrant)
Dated: October 30, 1996 By
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John C. Shaw
President
(Principal Executive and Financial Officer)
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