# EDGAR Filing Document

**Accession Number:** 0001029744
**File Stem:** 0001437749-23-003774
**Filing Date:** 2023-2
**Character Count:** 4929
**Document Hash:** 45e611933211c6e18e989be4bab84ca4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-003774.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001437749-23-003774

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230214

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SONIC FOUNDRY INC
- **CENTRAL INDEX KEY:** 0001029744
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **IRS NUMBER:** 391783372
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14007
- **FILM NUMBER:** 23642516

**BUSINESS ADDRESS:**
- **STREET 1:** 222 W. WASHINGTON AVENUE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53703
- **BUSINESS PHONE:** 6084431600

**MAIL ADDRESS:**
- **STREET 1:** 222 W. WASHINGTON AVENUE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53703

sofo20230216_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM**8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

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| | | |
|:---|:---|:---|
| **February 14**, 2023**<br> Date of Report (Date of earliest event reported) | **February 14**, 2023**<br> Date of Report (Date of earliest event reported) | **February 14**, 2023**<br> Date of Report (Date of earliest event reported) |
| **Sonic Foundry, Inc.**<br> (Exact name of registrant as specified in its charter) | **Sonic Foundry, Inc.**<br> (Exact name of registrant as specified in its charter) | **Sonic Foundry, Inc.**<br> (Exact name of registrant as specified in its charter) |
| Maryland<br> (State or other jurisdiction<br> of incorporation) | 000-30407<br> (Commission<br> File Number) | 39-1783372<br> (IRS Employer<br> Identification No.) |

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| | |
|:---|:---|
| 222 W. Washington Ave<br> Madison, WI 53703<br> (Address of principal executive offices) | (608) 443-1600<br> (Registrant's telephone number) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value | SOFO | Nasdaq Capital Market |

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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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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. ☐

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

On February 14, 2023, Sonic Foundry, Inc. (the "Company") was notified by The Nasdaq Stock Market LLC ("Nasdaq") that it is not in compliance with the requirement to maintain a minimum of $2,500,000 in stockholders' equity for continued listing. Since its Form 10-Q for the period ended December 31, 2022, reported stockholders' equity of $922,000, and as of February 10, 2023, the Company does not meet the alternatives of market value of listed securities or net income, as set forth in Nasdaq Listing Rule 5550(b)(1), the Company no longer complies with the Rule.

In accordance with Nasdaq Listing Rules, the Company has 45 calendar days to submit a plan to regain compliance. Following receipt, Nasdaq will provide the Company written notice of their decision. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the letter.

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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.

<u>Sonic Foundry, Inc.</u>

(Registrant)

February 17, 2023

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| | |
|:---|:---|
| By: | /s/ Kenneth A. Minor |
| By: | Kenneth A. Minor |
| Title: | Chief Financial Officer |

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