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): December 26, 2002
CARESIDE, INC.
(Exact name of issuer as specified in charter)
DELAWARE 001-15051 23-2863507
(State or Other Jurisdiction Commission (I.R.S. Employer
of Incorporation or Organization) file number Identification Number)
6100 Bristol Parkway
Culver City, CA 90230
(Address of principal executive offices)
(310) 338-6767
(Registrant's telephone number, including area code)
ITEM 5. Other Events and Regulation FD Disclosure
On December 26, 2000, Careside Inc. (the "Company") received notice from
the American Stock Exchange (the "Exchange") indicating that the Exchange has
determined that the Company no longer complies with the Exchange's continued
listing standards and that the Exchange intends to file an application with the
Securities and Exchange Commission (the "SEC") to strike the Company's common
stock from listing and registration on the Exchange. The Company does not intend
to appeal the determination of the Exchange. The delisting from the Exchange
will become effective on January 3, 2003.
The Company's common stock has been suspended from trading since October
18, 2002 as a consequence of the Company's voluntary filing for bankruptcy
protection under Chapter 11 of the United States Code.
The notice indicated that the Exchange had determined that the Company no
longer complies with the Exchange's continued listing standards under the
Exchange's Company Guide because the Company is below the requirements of: (i)
Section 1003(a)(i) of the Exchange's Company Guide in that the Company's
stockholders equity is less than $2,000,000 and the Company has sustained losses
from continuing operations and/or net losses in two of its three most recent
fiscal years; and (ii) Section 1003(a)(iv) of the Exchange's Company Guide in
that the Company has sustained losses which are so substantial in relation to
its overall operations or its existing financial resources, or its financial
condition has become so impaired that it appears questionable, in the opinion of
the Exchange, as to whether the Company will be able to continue operations
and/or meet its financial obligations as they mature.
SIGNATURE
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 hereunto duly authorized.
CARESIDE, INC.
Date: December 31, 2002 By: /s/ W. Vickery Stoughton
------------------------
Name: W. Vickery Stoughton
Title: Chief Executive Office
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