Neoforma (San Jose, California), a provider of supply chain management solutions for the healthcare industry, was notified by the Nasdaq Listing Qualifications Department that, as a result of the company not holding an annual meeting in calendar 2005, it is not in compliance with requirements set forth in Nasdaq Marketplace Rules 4350(e) and 4350(g) and that the company's common stock, therefore, is subject to delisting.
Nasdaq issuers are required to hold an annual meeting of stockholders, and Nasdaq Marketplace Rule 4350(g) requires that issuers solicit proxies and provide proxy statements for all meetings of stockholders.
Neoforma said it currently intends to hold its annual meeting early in 2006, at which time it will seek stockholder approval of the pending transaction with Global Healthcare Exchange.