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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
June 7, 1999
LITTLE SWITZERLAND, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-19369 66-0476514
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(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (340) 776-2010
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Item 5 - Other Events
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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 $1.00 minimum bid price during the period
ending September 6, 1999. Should the Company be unable to demonstrate
compliance with this requirement on or before September 6, 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 listing on other markets or exchanges. However,
there is no assurance that any such actions will be effective or that NMS
listing will not cease after September 6, 1999.
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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.
LITTLE SWITZERLAND, INC.
Date: June 18, 1999 By: /s/ Kenneth W. Watson
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Kenneth W. Watson
Acting Chief Executive Officer
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