CANTON, Mass. (Dec. 1)—Plymouth Rubber Co. Inc. is voluntarily delisting its common stock from the American Stock Exchange.
The company filed an application with the Securities and Exchange Commission seeking the delisting of its Class A and Class B common stock Nov. 30 and said it is considering over the counter markets as an alternative.
It also is looking into the possibility that either or both stocks may be eligible for deregistration under the Securities Exchange Act of 1934, which would allow the firm to stop filing financial reports.
Plymouth Rubber had received several notifications from the AMEX that it was not in compliance with the exchange's listing standards. In 2003, the AMEX approved a plan that would bring the company back into compliance with the listing standards. It failed to do so and opted to voluntarily delist its common stock, the firm said in a prepared statement.