FORM 8-K
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): December 10, 2008
Flagstar Bancorp, Inc.
(Exact name of registrant as specified in its charter)
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Michigan
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1-16577
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38-3150651 |
(State or other jurisdiction of
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(Commission File
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(I.R.S. Employer |
incorporation)
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Number)
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Identification No.) |
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5151 Corporate Drive, Troy, Michigan
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48098 |
(Address of principal executive offices)
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(Zip Code) |
(248) 312-2000
(Registrants telephone number, including area code)
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)) |
TABLE OF CONTENTS
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer
of Listing.
(a) On December 10, 2008, Flagstar Bancorp, Inc. (the Company) received notice from the New York
Stock Exchange (the NYSE) that the Company did not satisfy one of the NYSEs standards for
continued listing applicable to its common stock. The NYSE noted specifically that the Company was
below criteria for the NYSEs price criteria for common stock because the average closing price
of the Companys common stock was less than $1.00 per share over a consecutive 30-trading-day
period ending on December 9, 2008. The NYSEs price criteria standard requires that any listed
security trade at a minimum average closing share price of $1.00 during any consecutive
30-trading-day period.
Under the NYSEs rules, in order to cure the deficiency for this continued listing standard, the
Companys common stock share price and the average share price over a consecutive 30-trading-day
period both must exceed $1.00 within six months following receipt of the non-compliance notice.
The Company has not yet determined the specific action or response to take in response to the
NYSEs notice. During this six-month period, the Company's stock
will remain listed on the NYSE.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibits are being furnished herewith:
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Exhibit No. |
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Exhibit Description |
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99.1
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Press release of Flagstar Bancorp, Inc. dated December 16, 2008 |
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.
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FLAGSTAR BANCORP, INC.
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Dated: December 16, 2008 |
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/s/ Paul D. Borja
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Paul D. Borja |
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Executive Vice-President and Chief Financial
Officer |
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