SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
Date of Report (Date of earliest event reported): July 8, 2008
FONAR CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-10248 11-2464137
--------------- ---------------- -------------------
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
110 Marcus Drive
Melville, New York 11747
(631) 694-2929
---------------------------------------------------
(Address, including zip code, and telephone number
of registrant's principal executive office)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)
Item 3.01(a) Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
We received a letter from The NASDAQ Stock Market LLC on July 8, 2008 indicating
that the Company is not in compliance with Marketplace Rules 4350(e) and 4350(g)
due to the fact that it has not yet solicited proxies and held its annual
meeting for the fiscal year ended June 30, 2007. As a result, the notice
indicated that the Company's securities would be subject to delisting from The
NASDAQ Capital Market unless the Company requested a hearing before a NASDAQ
Listing Qualifications Panel. The Company intends to request a hearing at which
it will request continued listing based upon its plan to solicit proxies and
hold the annual meeting. However, there can be no assurance the Panel will grant
the Company's request for continued listing.
Exhibits
99. Press Release dated July 11, 2008
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FONAR CORPORATION
(Registrant)
By: /s/ Raymond Damadian
Raymond Damadian
President and Chairman
Dated: July 11, 2008