American Axle & Manufacturing (AXL)

[jscot]

On February 27, 2009, American Axle & Manufacturing Holdings, Inc., (the “Company” or “AAM”) was notified by the New York Stock Exchange (NYSE) that it has fallen below NYSE’s continued listing standard related to the Company’s total market capitalization and stockholders’ equity. The NYSE requires that the average market capitalization of a listed company be not less than $75 million over a consecutive 30 trading-day period and that stockholders’ equity be not less than $75 million.


AAM intends to submit a plan to NYSE, within the required 45 day period, to demonstrate its ability to achieve compliance with the continued listing standards within the allotted 18 month cure period. On March 4, 2009, AAM issued a press release regarding its receipt of the NYSE notification. The press release is furnished as Exhibit 99.1 to this Form 8-K.
http://ih.advfn.com/p.php?pid=nmona&cb=1236216964&article=36582758&symbol=NY%5EAXL