ccbc-8k110910.htm
UNITED STATES
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 4, 2010
COMMUNITY CENTRAL BANK CORPORATION
(Exact name of Registrant as specified in its charter)
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Michigan
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000-33373
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38-3291744
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer Identification
No.)
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100 N. Main Street, Mt. Clemens, MI
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48046
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(Address of principal executive
offices)
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(Zip Code)
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Registrant’s telephone number, including area code (586) 783-4500
Not Applicable
(Former name or former address, if changed since last year)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
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Transfer of Listing
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On November 4, 2010, Community Central Bank Corporation (the “Company”) received a notice from The Nasdaq Stock Market stating that the minimum bid price of the Company’s common stock was below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with Nasdaq Marketplace Rule 5450(a)(1). The notification letter does not affect the listing of the Company’ common stock on The Nasdaq Capital Market at this time and it will continue to trade under the symbol CCBD.
The notification letter states that the Company will be afforded 180 calendar days, or until May 3, 2011, to regain compliance with the minimum closing bid price requirement. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for at least ten consecutive business days. If the Company does not regain compliance by May 3, 2011, Nasdaq will provide the Company a written notification that its common stock will be delisted. The Company is eligible for an additional 180 calendar day grace period, however, if it meets the initial listing standards, with the exception of bid price, for The Nasdaq Capital Market.
During the 180 calendar period described above, the Company will monitor the bid price for its common stock and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement. There can be no assurance that the Company will be able to regain or maintain compliance with the minimum bid price rule or other listing criteria or that an appeal, if taken, would be successful.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: November 9, 2010
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COMMUNITY CENTRAL BANK CORPORATION
(Registrant)
By: /s/ Ray T. Colonius
Ray T. Colonius
Interim Chief Executive Officer
Chief Financial Officer
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