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<SEC-DOCUMENT>0000891092-08-004106.txt : 20080814
<SEC-HEADER>0000891092-08-004106.hdr.sgml : 20080814
<ACCEPTANCE-DATETIME>20080814172201
ACCESSION NUMBER:		0000891092-08-004106
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080814
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080814
DATE AS OF CHANGE:		20080814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAITRON COMPONENTS INC
		CENTRAL INDEX KEY:			0000942126
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				954249240
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25844
		FILM NUMBER:		081020519

	BUSINESS ADDRESS:	
		STREET 1:		28040 WEST HARRISON PARKWAY
		CITY:			VALENCIA
		STATE:			CA
		ZIP:			91355
		BUSINESS PHONE:		(661) 257-6060

	MAIL ADDRESS:	
		STREET 1:		28040 WEST HARRISON PARKWAY
		CITY:			VALENCIA
		STATE:			CA
		ZIP:			91355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e32633_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 14, 2008

                         TAITRON COMPONENTS INCORPORATED
             (Exact name of registrant as specified in its charter)

         California                      0-25844                95-4249240
      (State or other                  (Commission           (I.R.S. Employer
jurisdiction of incorporation)         File Number)         Identification No.)

             28040 WEST HARRISON PARKWAY, VALENCIA, CALIFORNIA 91355
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (661) 257-6060

                                      NONE
          (Former name or former address, if changed since last report)

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:

|_|   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing

On August 13, 2008, the Company received written notification from NASDAQ that
for the last 30 consecutive business days, the bid price of the Company's Class
A common stock has closed below the minimum $1.00 per share requirement for
continued inclusion under Marketplace Rule 4310(c)(4) (the "Rule"). Therefore,
in accordance with Marketplace Rule 4310(c)(8)(D), the Company will be provided
180 calendar days, or until February 9, 2009, to regain compliance with respect
to the bid price deficiency. If, at any time before February 9, 2009, the bid
price of the Company's common stock closes at $1.00 per share or more for a
minimum of 10 consecutive business days, the bid price deficiency can be
satisfied.

If compliance with this Rule cannot be demonstrated by February 9, 2009, NASDAQ
staff expects to determine whether the Company meets The NASDAQ Capital Market
initial listing criteria as set forth in Marketplace Rule 4310(c), except for
the bid price requirement. If determined to meet the initial listing criteria,
NASDAQ expects to notify the Company that it has been granted an additional 180
calendar day compliance period until August 8, 2009.

If the Company is not eligible for an additional compliance period, NASDAQ
expects to provide written notification that the Company's securities will be
delisted. At that time, The Company may appeal NASDAQ's determination to delist
its securities to a Listing Qualifications Panel.

In order to comply with Marketplace Rule 4803(a), the Company will also issue a
press release disclosing receipt of the NASDAQ letter and the NASDAQ rules upon
which it was based.

ITEM  9.01  Financial Statements and Exhibits

    (d)   Exhibits

           99.1   Press release of the Registrant, dated August 14, 2008.

SIGNATURES

        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.

                                   TAITRON COMPONENTS INCORPORATED

Dated:  August 14, 2008               By:    /s/ David Vanderhorst
                                             -----------------------------------
                                             David Vanderhorst
                                             Chief Financial Officer

                                     Page 2
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e32633ex99_1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                    Exhibit 99.1

TAITRON                                             28040 West Harrison Parkway
components incorporated                             Valencia, CA  91355-4162
                                                    Tel  (661) 257 6060
                                                    Fax (661) 257 6415

FOR IMMEDIATE RELEASE

                  Taitron Receives Deficiency Notice Related to
                          NASDAQ Minimum Bid Price Rule

LOS ANGELES, California - August 14, 2008 - Taitron Components Incorporated
(NasdaqCM: TAIT), announced today that on August 13, 2008, the Company received
written notification from NASDAQ that for the last 30 consecutive business days,
the bid price of the Company's Class A common stock has closed below the minimum
$1.00 per share requirement for continued inclusion under Marketplace Rule
4310(c)(4) (the "Rule"). Therefore, in accordance with Marketplace Rule
4310(c)(8)(D), the Company will be provided 180 calendar days, or until February
9, 2009, to regain compliance with respect to the bid price deficiency. If, at
any time before February 9, 2009, the bid price of the Company's common stock
closes at $1.00 per share or more for a minimum of 10 consecutive business days,
the bid price deficiency can be satisfied. The Company intends to actively
monitor the bid price for its common stock between now and February 9, 2009, and
will consider available options.

If compliance with this Rule cannot be demonstrated by February 9, 2009, NASDAQ
staff expects to determine whether the Company meets The NASDAQ Capital Market
initial listing criteria as set forth in Marketplace Rule 4310(c), except for
the bid price requirement. If determined to meet the initial listing criteria,
NASDAQ expects to notify the Company that it has been granted an additional 180
calendar day compliance period until August 8, 2009.

If the Company is not eligible for an additional compliance period, NASDAQ
expects to provide written notification that the Company's securities will be
delisted. At that time, the Company may appeal NASDAQ's determination to delist
its securities to a Listing Qualifications Panel.

Taitron, based in Valencia, California, distributes a wide variety of
transistors, diodes and other discrete semiconductors, optoelectronic devices
and passive components to electronic distributors, contract electronic
manufacturers (CEMs) and original equipment manufacturers (OEMs), who
incorporate them into their products. In addition, since 2003, Taitron has
developed a market for value-added engineering and turn-key services for our
existing OEM and CEM customers and providing them with original design and
manufacturing (ODM) services for their multi-year turn-key projects.

CONTACT:
Taitron Components Incorporated
David Vanderhorst, Chief Financial Officer
661-257-6060

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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