Speech recognition firm MedQuist will be filing a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) early next month in preparation for applying for listing on the Nasdaq stock exchange.
The Mount Laurel, NJ-based firm said it became current in its periodic reporting obligations with the SEC on October 4 with the filing of its Form 10-Q for the second quarter of 2007. As a result of the filing, Medquist said it now meets the applicable securities law requirements for soliciting proxies in connection with an annual shareholders meeting for the first time since 2003. A shareholder meeting is expected to take place within 30 days of the company mailing out a definitive proxy statement to shareholders.
Medquist plans to apply for listing of its common stock on the Nasdaq Global Select Market. The firm's stock has been trading over-the-counter since June 16, 2004, when it was delisted from the Nasdaq National Market.
By AuntMinnie.com staff writers
October 16, 2007
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