<SEC-DOCUMENT>0001140361-20-015615.txt : 20200708
<SEC-HEADER>0001140361-20-015615.hdr.sgml : 20200708
<ACCEPTANCE-DATETIME>20200708160032
ACCESSION NUMBER:		0001140361-20-015615
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200708
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
FILED AS OF DATE:		20200708
DATE AS OF CHANGE:		20200708

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAVE RESTAURANT GROUP, INC.
		CENTRAL INDEX KEY:			0000718332
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & RELATED PRODUCTS [5140]
		IRS NUMBER:				453189287
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12919
		FILM NUMBER:		201018389

	BUSINESS ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056
		BUSINESS PHONE:		469-384-5000

	MAIL ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIZZA INN HOLDINGS, INC /MO/
		DATE OF NAME CHANGE:	20110923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIZZA INN INC /MO/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANTERAS CORP
		DATE OF NAME CHANGE:	19901126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8&#8209;K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">Date of Report (Date of earliest event reported):&#160; <font style="font-weight: bold;">July 8, 2020</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Rave Restaurant Group, Inc.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
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          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Missouri</div>
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          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">0-12919</div>
          </td>
          <td style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">45-3189287</div>
          </td>
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          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
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          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 33.32%; vertical-align: top;">
            <div style="text-align: center;">(IRS Employer Identification No.)</div>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">3551 Plano Parkway, The Colony, Texas</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">75056</div>
          </td>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
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    </table>
    <div><br>
    </div>
    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code: <font style="font-weight: bold;">(469) 384-5000</font></div>
    <div><br>
    </div>
    <div style="text-align: center;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div><br>
    </div>
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          <td style="width: 33.33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
          </td>
          <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
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          <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
          </td>
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          <td style="width: 33.33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Common Stock, $0.01 par value</div>
          </td>
          <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">RAVE</div>
          </td>
          <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Nasdaq Capital Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">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 (see<font style="font-style: italic;">&#160;</font>General Instruction A.2. below):</div>
    <div><br>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>

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    <table cellspacing="0" cellpadding="0" id="ze17d7aebcd1d4cf9836a0f5fbeefefe4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2
      of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).&#160; Emerging growth company&#160;&#160; &#9744;</div>
    <div><br>
    </div>
    <div style="text-align: justify;">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.&#160;&#160; &#9744;</div>
    <div style="text-align: justify;"> <br>
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          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 3.01</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing</div>
          </td>
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    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">On July 1, 2020, Rave Restaurant Group, Inc. (the &#8220;Company&#8221;) received notice from Nasdaq that, based on the Company&#8217;s most recent Form 10-Q for the
      fiscal quarter ended March 29, 2020, the Company was not in compliance with Nasdaq&#8217;s continued listing standard for minimum stockholders&#8217; equity of at least $2.5 million.&#160; The notice further advised that, as of July 1, 2020, the Company also did not
      meet the alternative continued listing standards of either (a) market value of listed securities of at least $35.0 million, or (b) net income from continuing operations of $0.5 million for the most recently completed fiscal year or two of the three
      most recently completed fiscal years.&#160; Under Nasdaq rules, the Company has 45 calendar days to submit a plan to regain compliance.&#160; If such plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the Nasdaq notice
      to evidence compliance with Nasdaq&#8217;s continuing listing standards.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The notice from Nasdaq has no immediate effect on the listing of the Company&#8217;s common stock on the Nasdaq Capital Market.&#160; The Company intends to
      timely submit a plan to regain compliance with Nasdaq&#8217;s continued listing standards and to diligently work to evidence compliance with such continuing listing standards within any extension period granted by Nasdaq.&#160; However, there can be no
      assurance that Nasdaq will accept the Company&#8217;s plan to regain compliance or that the Company will be able to evidence compliance within any extension period granted by Nasdaq.&#160; If the Company fails to timely regain compliance with Nasdaq&#8217;s continued
      listing standards, the common stock of the Company will be subject to delisting on the Nasdaq Capital Market.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-style: italic;">This Current Report on Form 8-K contains &#8220;forward-looking&#8221; statements within the meaning of Section 27A of the Securities Act of
      1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the Company&#8217;s ability to regain compliance with Nasdaq&#8217;s continued listing standards.&#160; These forward-looking statements are based on current expectations
      that involve numerous risks, uncertainties and assumptions.&#160; Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, future economic, competitive and market conditions, regulatory framework and
      future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company.&#160; Although the Company believes the assumptions underlying these forward-looking statements are
      reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be correct.&#160; In light of the significant uncertainties inherent in these forward-looking statements,
      the inclusion of such information should not be regarded as a representation that the objectives and plans of the Company will be achieved.</div>
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    <div style="text-align: center;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</div>
    <div><br>
    </div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;">
            <div style="text-align: justify;"><br>
            </div>
          </td>
          <td style="vertical-align: top;">RAVE RESTAURANT GROUP, INC.</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;">Date:&#160; July 8, 2020</div>
          </td>
          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/&#160; CLINTON D. FENDLEY</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify;">Clinton D. Fendley</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify;">Vice President - Finance</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify;">(principal financial officer)</div>
          </td>
        </tr>

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