Head N.V. announced its termination of its registration with the U.S. Securities and Exchange (SEC). The company's stock will no longer be listed in the U.S. and the firm will no longer be required to file regular financial filings. The company's ordinary shares will continue to be listed and trade on the Vienna Stock Exchange.
The termination became effective on June 4, 2009, 90 days after the filing of a Form 15F with the United States Securities and Exchange Commission.
Head NV said the termination of the company's registration and reporting obligations under the Exchange Act will not affect the company's business strategy in the United States “nor its commitment to high standards of corporate governance and financial reporting.” The company has adopted International Financial Reporting Standards, or IFRS, and will continue to make English translations of its interim and annual reports and other press releases available on its website: www.head.com.
