<SEC-DOCUMENT>0001140361-21-000214.txt : 20210105
<SEC-HEADER>0001140361-21-000214.hdr.sgml : 20210105
<ACCEPTANCE-DATETIME>20210105170014
ACCESSION NUMBER:		0001140361-21-000214
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201229
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
FILED AS OF DATE:		20210105
DATE AS OF CHANGE:		20210105

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:			0627

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12919
		FILM NUMBER:		21506758

	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>brhc10018655_8k.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 style="text-align: center; font-weight: bold;"> <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>
      <table cellspacing="0" cellpadding="0" border="0" id="z0a157c335c784ae5ace87cfef0dd8c83" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: right;">Date of Report (Date of earliest event reported): </div>
            </td>
            <td style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 27%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: center; font-weight: bold;">December 29, 2020</div>
            </td>
            <td style="width: 23%; vertical-align: top;">&#160;</td>
          </tr>

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      <div><br>
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      <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%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Missouri</div>
            </td>
            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">0-12919</div>
            </td>
            <td style="width: 33.08%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">45-3189287</div>
            </td>
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            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
            </td>
            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 33.08%; vertical-align: top;">
              <div style="text-align: center;">(IRS Employer Identification No.)</div>
            </td>
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            <td style="width: 49.06%; 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>
          </tr>
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            <td style="width: 49.06%; 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>
          </tr>

      </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: 35%; 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: 25.13%; 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>
            </td>
            <td style="width: 40%; 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: 35%; 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: 25.13%; 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: 40%; 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>

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      <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; align: right;">&#9744;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#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>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#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>

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      <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>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">On December 29, 2020, Rave Restaurant Group, Inc. (the &#8220;Company&#8221;) received notice from Nasdaq that the Company had failed to regain
        compliance with Nasdaq&#8217;s continued listing standard requiring maintenance of a minimum bid price of $1.00 per share.&#160; The notice further advised that, unless the Company requests an appeal by January 5, 2021, the Company&#8217;s securities will be
        scheduled for delisting from The Nasdaq Capital Market and suspended from trading at the opening of business on January 7, 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">On January 4, 2021, the Company timely submitted to Nasdaq a Hearing Request Form appealing the delisting determination.&#160; The appeal stays
        Nasdaq&#8217;s delisting of the Company&#8217;s securities pending the decision of a Hearing Panel.&#160; Pursuant to Nasdaq rules, appeal hearings are typically scheduled, to the extent practicable, within 45 days following submission of a Hearing Request Form.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Company intends to diligently pursue its appeal to Nasdaq.&#160; However, there can be no assurance that the Company&#8217;s appeal will be
        successful or that the Company will be able to evidence compliance within any extension period granted by the Hearing Panel.&#160; If the Company&#8217;s appeal is denied or it 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: center; font-style: italic;">CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS</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.&#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>
      <div style="text-align: justify; text-indent: 36pt; font-style: italic;"> <br>
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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>
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            <td style="width: 50%; vertical-align: top;" rowspan="1" colspan="2"><br>
            </td>
            <td style="vertical-align: top;" colspan="2" rowspan="1">
              <div style="text-align: justify;">RAVE RESTAURANT GROUP, INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 3%;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;">Date:&#160; January 5, 2021</div>
            </td>
            <td style="vertical-align: top; width: 3%;">
              <div style="text-align: justify;">By:</div>
            </td>
            <td style="width: 35%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: justify;">/s/ CLINTON D. FENDLEY</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 3%;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify;">Clinton D. Fendley</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 3%;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify;">Vice President &#8211; Finance</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 3%;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify;">(principal financial officer)</div>
            </td>
          </tr>

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