American Axle & Manufacturing Receives Notice Regarding NYSE Listing

DETROIT, March 4 /PRNewswire/ -- DETROIT, March 4 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the New York Stock Exchange (NYSE), announced that AAM has been notified by the NYSE that it has fallen below NYSE's continued listing standard related to 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.

AAM's business operations, Securities and Exchange Commission reporting requirements, credit agreements and other debt obligations are not otherwise affected by this notification.

AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles. In addition to locations in the United States (Michigan, New York, Ohio and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South Korea, Thailand and the United Kingdom.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the company's actual results or plans to differ materially from those expected by the company which include risk factors described in the Company's filings with the Securities and Exchange Commission.

    For additional information:

    Renee B. Rogers
    Manager, Corporate Communications and Media Relations
    (313) 758-4882
    renee.rogers@aam.com

    Christopher M. Son
    Director, Investor Relations and Corporate Communications
    (313) 758-4814
    chris.son@aam.com

Or visit the AAM website at www.aam.com

Web site: http://www.aam.com/




Review Article Be the first to review this article
SolidCAM: 10K CAM Contest

Featured Video
Jobs
Estimator / Bidder for Rulon International at Saint Augustine, FL
Upcoming Events
33rd Annual Coordinate Metrology Society Conference at Snowbird UT - Jul 17 - 21, 2017
EMO Hannover 2017 at Hannover Germany - Sep 18 - 23, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise