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): September 12, 2002
Commission File No. 0-10927
CUMBERLAND TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida 59-3094503
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(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification No.)
4311 West Waters Avenue, Suite 501
Tampa, Florida 33614
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(Address of Principal Executive Office) (Zip code)
(813) 885-2112
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
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On September 4, 2002, Cumberland Technologies, Inc., was notified by the
NASDAQ Stock Market, Inc. that its common stock had not maintained a
minimum market value of publicly held shares of $1,000,000 over the
previous 30 consecutive trading days, and, as a result did not comply with
Marketplace Rule 4310(c)(7) (the "Rule"). Accordingly, its common stock
will be delisted from the NASDAQ SmallCap Market at the opening of business
on September 13, 2002. A public announcement through the news media on
September 11, 2002, disclosed receipt of the NASDAQ notice and that the
common stock of Cumberland was subject to delisting form the NASDAQ
SmallCap Market. Cumberland incorporates herein its press release dated
September 11, 2002, filed herewith as Exhibit 99.1.
Forward-looking statements in this report are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected. Such risks and uncertainties include, but are not limited
to, the Company's ability to adequately estimate its liability reserves for
its insurance business; competitive pricing pressures; general business and
economic conditions; and changes in governmental regulations affecting its
insurance business, and the risk that the Company's shares will not be
listed on OTC Bulletin Board.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial Statements
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Exhibits
99.1 Press Release dated September 11, 2002
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 thereunto duly authorized.
CUMBERLAND TECHNOLOGIES, INC.
Date: September 12, 2002 By: /s/ Carol S. Black
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Carol S. Black
Secretary and Chief Financial Officer
(Principal Accounting and Financial Officer)