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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 23, 1999
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Boston Restaurant Associates, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-43999 61-1162263
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
999 Broadway, Suite 400, Saugus, MA 01906
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (781) 231-7575
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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Boston Restaurant Associates, Inc. announced today that it had been notified by
the Nasdaq Listing Qualifications Panel that its common stock has been delisted
from trading on the Nasdaq SmallCap Market effective with the close of business
yesterday, November 23, 1999. Following a review of the Company's request for
continued listing, the Nasdaq Listing Qualifications Panel had concluded that
the Company does not currently satisfy the requirements for continued listing on
the Nasdaq SmallCap Market, in part because of a failure to comply with the
$1.00 per share minimum bid price requirement.
The Company noted that its common stock continues to be listed on the Boston
Stock Exchange and will be eligible for quotation on the OTC Bulletin Board by
market makers who register to quote the Company's securities. Information about
the Boston Stock Exchange is available on the internet at
http://www.bostonstock.com. The OTC Bulletin Board is a regulated quotation
service that displays real-time quotes and last-sale price and volume
information in over-the-counter (OTC) equity securities. Information about the
OTC Bulletin Board is available on the internet at http://www.otcbb.com.
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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.
BOSTON RESTAURANT ASSOCIATES, INC.
Date: November 23, 1999 By: /s/ George R. Chapdelaine
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George R. Chapdelaine, President
