UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: February 23, 1999
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(Date of earliest event reported)
Commission File Number: 00-19800
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GIBRALTAR PACKAGING GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 47-0496290
(State of incorporation) (IRS Employer
Identification Number)
2000 SUMMIT AVENUE 68902-2148
HASTINGS, NEBRASKA (Zip Code)
(Address of principal executive offices)
(402) 463-1366
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On February 23, 1999, Gibraltar Packaging Group, Inc. (the
"Company") was notified by the Nasdaq Stock Market that its Common Stock, par
value $0.01 per share was de-listed from the Nasdaq National Market, effective
at the close of business. Attached is a press release as Exhibit 99.1, which is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated February 25, 1999, issued by
Gibraltar Packaging Group, Inc.
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.
Date: March 5, 1999 GIBRALTAR PACKAGING GROUP, INC.
By: /s/ John W. Lloyd
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Secretary
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EXHIBITS
Exhibit No. 99.1
Press Release dated February 25, 1999
[COMPANY LOGO]
Contact: Rebecca Couturier
402-463-1366
GIBRALTAR PACKAGING GROUP, INC.
ANNOUNCES
THE COMPANY'S DE-LISTING FROM THE NASDAQ NATIONAL MARKET
Hastings, Nebraska - February 25, 1999 - Gibraltar Packaging Group, Inc.
(NASDAQ: PACK) was notified by the Nasdaq Stock Market that its Common Stock,
par value $0.01 per share was de-listed from the Nasdaq National Market,
effective at the close of business on February 23, 1999. Nasdaq has taken this
action because the Company does not currently meet Nasdaq's National Market
requirement that listed companies maintain net tangible assets of at least $4.0
million. In addition, the Company is not presently in compliance with the
National Market's requirement that the market value of the public float, which
excludes shares held by affiliates of the Company, be at least $5.0 million.
As previously disclosed, the Company had appealed an initial de-listing
determination by Nasdaq. A hearing was held before a Nasdaq Listing
Qualifications Panel on December 18, 1998. The de-listing was delayed pending
the results of that hearing. The Company is currently reviewing its options,
including whether or not to further appeal the de-listing determination by
Nasdaq.
The common stock of the Company is currently trading on the OTC Bulletin Board.
GIBRALTAR PACKAGING GROUP, INC. HEADQUARTERED IN HASTINGS, NEBRASKA DESIGNS,
MANUFACTURES AND MARKETS PACKAGING PRODUCTS: SPECIALIZING IN FOLDING CARTONS,
SPECIALTY LAMINATED CONTAINERS, TUBULAR SPIRAL-WOUND PAPER PACKAGING, FLEXIBLE
POLY-FILM PACKAGING, CONTRACT PACKAGING AND FILLING AND PRESSURE-SENSITIVE
LABELS.
