SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) June 24, 2005
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DATA SYSTEMS & SOFTWARE INC.
(Exact name of Registrant as Specified in its Charter)
Delaware 0-19771 22-2786081
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(State or Other Jurisdiction (Commission file Numbers) (IRS Employer
of Incorporation) Identification Nos.)
200 Route 17, Mahwah, New Jersey 07430
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (201) 529-2026
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR
240.14a-2)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 3 - Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
As previously disclosed, on January 25, 2005 the Registrant received written
notice of a decision by the Nasdaq Listing Qualifications Panel to delist the
Registrant's securities from The Nasdaq Stock Market. The delisting was based
upon the failure of the Registrant to comply with the $2,500,000 minimum
shareholders' equity requirement for continued listing on the Nasdaq SmallCap
Market. The Registrant subsequently requested a review of the delisting decision
by the Nasdaq Listing and Hearing Review Council.
On June 24, 2005, the Registrant received written notice of a decision by the
Nasdaq Listing and Hearing Review Council that affirmed the delisting decision
of the Nasdaq Listing Qualifications Panel.
The Registrant does not intend to take any further action with regard to the
delisting decision.
The Registrant's Common Stock will continue to trade on the OTC Bullein Board.
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 on this 29th day of June 2005.
DATA SYSTEMS & SOFTWARE INC.
By: /s/ Yacov Kaufman
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Name: Yacov Kaufman
Title: Vice-President and Chief
Financial Officer