Marine Products (NYSE: MPX) withdraws Common Stock from NYSE listing
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Marine Products Corp filed a Form 25 notifying the New York Stock Exchange LLC of the removal/withdrawal of its Common Stock from listing and registration. The Exchange states it complied with 17 CFR 240.12d2-2(b) and the issuer complied with 17 CFR 240.12d2-2(c) governing voluntary withdrawal.
The notice is certified on behalf of the Exchange and signed by Anthony Sozzi, Analyst, Market Watch. Contact details for the issuer list an Atlanta address and telephone number.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-16263
Form expiration: March 31, 2018
Issuer phone: 404-321-2140
3 metrics
Commission File Number
001-16263
Form 25 cover filing
Form expiration
March 31, 2018
form header expiration date
Issuer phone
404-321-2140
issuer principal executive office contact
Key Terms
Form 25, 17 CFR 240.12d2-2(b), 17 CFR 240.12d2-2(c)
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2(b) regulatory
"the Exchange has complied with its rules to strike the class of securities from listing"
17 CFR 240.12d2-2(c) regulatory
"the Issuer has complied with its rules of the Exchange and the requirements"
FAQ
What does Marine Products Corp's Form 25 (MPX) state?
The Form 25 states the company is withdrawing its Common Stock from NYSE listing and registration, citing compliance with 17 CFR 240.12d2-2(b) and 12d2-2(c). The notice is certified by the Exchange and signed by an Exchange representative.
Who certified the NYSE removal notice for Marine Products Corp (MPX)?
The removal/withdrawal notice was certified on behalf of the Exchange and signed by Anthony Sozzi, Analyst, Market Watch. The filing reflects the Exchange's statement that it has reasonable grounds for this Form 25 filing.
Does the Form 25 say the withdrawal was voluntary for MPX?
Yes. The filing expressly states the issuer complied with the Exchange rules and 17 CFR 240.12d2-2(c), which governs voluntary withdrawal of securities from listing and registration on the Exchange.
What regulatory citations are referenced in the MPX Form 25?
The notice cites 17 CFR 240.12d2-2(b) for the Exchange's compliance and 17 CFR 240.12d2-2(c) for the issuer's compliance regarding voluntary withdrawal of the listed securities.
What issuer contact information appears on the Form 25 for Marine Products Corp?
The filing lists an Atlanta address at 2801 Buford Highway, Atlanta, Georgia 30329 and telephone 404-321-2140 as the issuer's principal executive office contact information.