Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing." -->
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On July 18, 2008, W Holding Company, Inc. (the “Company”) was notified by the New York Stock
Exchange, Inc. (“NYSE”) that the Company is not in compliance with NYSE Listed Company Manual
Section 802.01C because the average closing price of the Company’s common stock has been less than
$1.00 for 30 consecutive trading days. Accordingly, the Company is subject to the procedures
specified in Section 802.01C, which provides, among other things, that the Company must bring its
share price and average share price back above $1.00 within six months following receipt of
notification of noncompliance.
A copy of our press release in connection with the foregoing is attached as Exhibit 99.1
hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
99.1
|
Press release dated July 24, 2008 |
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.
| W HOLDING COMPANY, INC. | ||||
| (Registrant) | ||||
| /s/ Jose Armando Ramirez | ||||
| Title: Chief Financial Officer |
Date: July 24, 2008