Business/Finance
Outdoor Channel Holdings is not in compliance with the requirements for continued listing on NASDAQ, the stock exchange says. The problem is that it hasn’t filed its 10-Q with the SEC on time (it’s calculating an impairment charge). The company said it intends to request a hearing to review the staff’s determination, which will automatically stay the delisting and allow the company’s common stock to continue trading on NASDAQ, pending the hearing and a decision by the Nasdaq Listing Qualifications Panel. — Blonder Tongue repurchased last week roughly 1.29mln shares of its common stock for 75 cents/share in a private off-market transaction, reducing the number of outstanding shares from approximately 7.5mln to 6.2mln. The shares were owned by former BT dir James Williams and held by Ferris Baker Watts, who sold the shares pursuant to a margin call on the account.