Campbell Soup Faces Listing Rule Scrutiny

TL;DR

CPB might be in hot water with listing rules, could affect stock.

AI Summary

Campbell Soup Company (CPB) filed an 8-K on August 1, 2024, to report a Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard. The filing indicates potential issues with meeting listing requirements, though specific details regarding the rule or standard are not elaborated upon in this excerpt. The company's principal executive offices are located at One Campbell Place, Camden, New Jersey.

Why It Matters

This filing suggests potential compliance issues that could impact investor confidence and the stock's trading status.

Risk Assessment

Risk Level: medium — A notice regarding failure to meet listing rules can indicate underlying financial or operational issues that could impact the company's stability.

Key Players & Entities

• Campbell Soup Company (company) — Registrant
• CPB (company) — Ticker Symbol (implied)
• August 1, 2024 (date) — Filing Date
• One Campbell Place, Camden, New Jersey 08103-1799 (location) — Principal Executive Offices

FAQ

From the Filing

0001193125-24-190785.txt : 20240801 0001193125-24-190785.hdr.sgml : 20240801 20240801084701 ACCESSION NUMBER: 0001193125-24-190785 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240801 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMPBELL SOUP CO CENTRAL INDEX KEY: 0000016732 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 210419870 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0730 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03822 FILM NUMBER: 241164603 BUSINESS ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 BUSINESS PHONE: 8563424800 MAIL ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 8-K 1 d876376d8k.htm 8-K 8-K CAMPBELL SOUP CO false 0000016732 0000016732 2024-08-01 2024-08-01     UNITED STATES 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): August 1, 2024       CAMPBELL SOUP COMPANY (Exact name of registrant as specified in its charter)       New Jersey   1-3822   21-0419870 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   One Campbell Place Camden , New Jersey 08103-1799 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (856) 342-4800     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-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ 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-(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Capital Stock, par value $.0375   CPB   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐       Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 1, 2024, Campbell Soup Company (the “Company”), acting pursuant to authorization from its Board of Directors, provided notice to the New York Stock Exchange (the “NYSE”) that it intends to voluntarily withdraw the listing of its capital stock, par value $0.0375 per share (the “Capital Stock”) from the NYSE and transfer the listing of its Capital Stock to The Nasdaq Stock Market LLC (“Nasdaq”). The Company expects that the listing and trading of its Capital Stock on the NYSE will end at market clo