Select Medical (NYSE: SEM) delists common stock from NYSE via Form 25
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Select Medical Holdings Corp notified the New York Stock Exchange of the removal of its Common Stock from listing and registration under Section 12(b) of the Exchange Act via Form 25. The filing states the Exchange and the issuer complied with the procedural rules governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-34465
Form expiration date: March 31, 2018
Issuer principal office ZIP: 17055
3 metrics
Commission File Number
001-34465
Form header
Form expiration date
March 31, 2018
header expiration
Issuer principal office ZIP
17055
4714 Gettysburg Road, Mechanicsburg, Pennsylvania
Key Terms
Form 25, Section 12(b), 17 CFR 240.12d2-2
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.
Section 12(b) regulatory
"REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b)"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
What does Select Medical (SEM) Form 25 mean?
It means Select Medical filed a notification to remove its Common Stock from NYSE listing under Section 12(b). The filing states both the Exchange and the issuer complied with the procedural rules for voluntary withdrawal.
Who certified the removal on the Form 25 for SEM?
The New York Stock Exchange LLC certified the Form 25 filing and the notification was signed by Tyler Mastronardi, Analyst, Market Watch. The filing attests the Exchange had reasonable grounds to file the Form 25.
Is the delisting voluntary according to the Form 25?
Yes. The Form 25 indicates the issuer and the Exchange complied with rules governing the voluntary withdrawal of the class of securities from listing and registration under 17 CFR 240.12d2-2.
What class of security does the Form 25 remove for SEM?
The Form 25 specifically references the issuer's Common Stock as the class of securities being removed from listing and/or registration on the New York Stock Exchange.
Does the Form 25 state any timing or expiration details?
The header shows an expiration date of March 31, 2018. The filing does not provide additional timing for the effective removal within the provided excerpt.