Brinks Home Security to file Form 15 with SEC, end public trading of stock
By SSN Staff
Updated 10:06 AM CST, Tue January 26, 2021
DALLAS—Brinks Home Security, a home security and alarm monitoring company, announced that it intends to voluntarily deregister its common stock under the Securities Exchange Act of 1934, ending the public trading of its common stock.
In the announcement Brinks said it intends to file “post-effective amendments to its outstanding registration statements on Form S-3 and S-8 to deregister unsold securities thereunder, with the U.S. Securities and Exchange Commission (SEC) no earlier than Feb. 1, 2021. Immediately upon effectiveness of such amendments, the Company intends to file a Form 15 with the SEC. As a result, the company’s obligation to file current and periodic reports under the Exchange Act will be automatically suspended in accordance with applicable SEC rules.”
Brinks said it is deregistering because it believes that its public company reporting requirements “do not provide a discernable benefit to the company and is not in the best long-term interest of its shareholders.”
Following the delisting, Brinks anticipates that its common stock will be quoted on the OTC Pink Open Market (the Pink Sheets), a centralized electronic quotation service for over-the-counter securities, “so long as market makers demonstrate an interest in trading in the company’s common stock,” the company noted. “However, the company can give no assurance that trading in its common stock will continue on the Pink Sheets or any other securities exchange or quotation medium.”
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