Xerium Technologies Regains Compliance with NYSE
July 1, 20120 (Press Release) - Xerium Technologies, Inc., a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that on June 29, 2010, it received notification from the New York Stock Exchange (“NYSE”) that it has regained full compliance with NYSE standards for continued listing of the Company’s common stock on the exchange.
As a result of this notice, the Company will no longer be included in a list of noncompliant companies and the Company's stock symbol will no longer be appended with “.BC” (below compliance) indicator.
“We are pleased to have regained full compliance with the NYSE’s listing standards,” commented Stephen R. Light, Chairman, President and Chief Executive Officer.
“This notice of compliance follows on the heels of our recent emergence from our pre-packaged chapter 11 plan of reorganization and marks an important milestone for Xerium, as we now put this process behind us and move forward with pursuing our operating strategy which we believe will lead to positive results for our stakeholders.”
SOURCE: Xerium Technologies, Inc.