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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):
NOVEMBER 25, 1998
COMMISSION FILE NUMBER 0-27920
Garden Botanika, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Washington 91-1464962
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
8624 154th Avenue NE
Redmond, Washington 98052
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(425) 881-9603
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
The Company has been notified by the Nasdaq Stock Market that it has
recently failed to maintain certain requirements concerning the minimum bid
price per share of its Common Stock and the market value of its public float and
that, in the absence of a request for an appeal, continued failure to meet
either of these requirements will result in the de-listing of the Company's
Common Stock from the National Market. The Company intends to request an appeal
of the potential de-listing before the applicable deadline and obtain an
extension of time to execute a plan to meet the National Market listing
requirements. The Company understands that a hearing of the appeal and a
decision from the Nasdaq Listing Qualification Panel could be expected in
January or February of 1999. There can be no assurance, however, that the
Company will be successful in its attempt to remain listed on the National
Market. In the event of a de-listing, trading in the Company's Common Stock
could continue over-the-counter or in the Nasdaq Small Cap Market. In such
event, investors may find it more difficult to trade in the Company's Common
Stock or to obtain accurate, current information concerning market prices.
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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.
GARDEN BOTANIKA, INC.
Registrant
November 25, 1998 /s/ Michael W. Luce
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Date Michael W. Luce
President and Chief Executive Officer
(Principal Executive Officer)
November 25, 1998 /s/ George W. Newman
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Date George W. Newman
Vice President & Controller
(Principal Financial and Accounting
Officer)
