<PAGE>
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)
JULY 9, 1999
LITTLE SWITZERLAND, INC.
--------------------------------
(Exact name of registrant as specified in charter)
DELAWARE 0-19369 66-0476514
------------------------ ------------------------ -----------------
(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
161-B CROWN BAY CRUISE SHIP PORT, ST. THOMAS, U.S.V.I. 00802
-------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (340) 776-2010
--------------
<PAGE>
Item 5 - Other Events
- ---------------------
The Nasdaq Stock Market, Inc. ("NASDAQ") has notified Little Switzerland,
Inc. (the "Company") that the Company will not remain eligible for continued
listing on the NASDAQ National Market System ("NMS") unless its common stock
demonstrates compliance with NASDAQ's $5 million minimum public float value
during the period ending October 7, 1999. Should the Company be unable to
demonstrate compliance with this requirement on or before October 7, 1999, the
Company will consider actions to preserve NMS listing and its current intent
would be to request a hearing as permitted by applicable NASDAQ procedure. In
the event that NASDAQ denies continued NMS listing following such a hearing, the
Company's current intent would be to seek transfer to the NASDAQ SmallCap Market
or seek listing on other markets or exchanges.
As more fully described in the Company's Current Report on Form 8-K filed
with the Securities and Exchange Commission on June 18, 1999, NASDAQ also has
notified the Company that the Company will not remain eligible for continued
listing on NMS unless its common stock demonstrates compliance with NASDAQ's
$1.00 minimum bid price during the period ending September 6, 1999. There is no
assurance that any actions proposed to be taken by the Company to maintain its
NMS listing or listing on other markets or exchanges will be effective or that
NMS listing will not cease after September 6, 1999.
2
<PAGE>
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.
LITTLE SWITZERLAND, INC.
Date: July 19, 1999 By: /s/ Kenneth W. Watson
--------------------------------
Kenneth W. Watson
Acting Chief Executive Officer
3
