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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): July 19, 2004
FARMSTEAD TELEPHONE GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-15938 06-1205743
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identtification No.)
22 Prestige Park Circle, East Hartford, CT 06108-3728
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (860) 610-6000
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On July 23, 2004, Farmstead Telephone Group, Inc. issued a press release
announcing that it had received notice from the American Stock Exchange
(the "Amex" or the "Exchange") of its approval to continue the listing of
Farmstead's Common Stock on the Amex pending a return to full compliance
with its listing qualification standards by November 7, 2005. The press
release is attached hereto as Exhibit 99.1.
On May 7, 2004 the Company received notice from the American Stock Exchange
that it did not meet certain of the Exchange's continued listing standards
as a result of having stockholders' equity less than $4 million and net
losses in three out of its four most recent fiscal years, as set forth in
Section 1003 (a) (ii) of the Amex Company Guide. The Company was afforded
the opportunity to submit a plan of compliance to the Exchange and on June
15, 2004 presented its plan to the Exchange. On July 19, 2004 the Exchange
notified the Company that it accepted its plan of compliance and granted
the Company an extension of time to regain compliance with the continued
listing standards. The Company will be subject to periodic review by
Exchange Staff during the extension period which expires November 7, 2005.
Failure to make progress consistent with the plan or to regain compliance
with the continued listing standards by the end of the extension period
could result in the Company being delisted from the American Stock
Exchange.
ITEM 7(C). EXHIBITS
99.1 Press release dated July 23, 2004.
SIGNATURES
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.
FARMSTEAD TELEPHONE GROUP, INC.
By: /s/ ROBERT G. LAVIGNE
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Robert G. LaVigne
Executive Vice President &
Chief Financial Officer
Date: July 23, 2004
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