RegAlert2003-04-09
Added · Updated
SEC Division of Corporation Finance no-action letter: Royal Precision, Inc.
The Division of Corporation Finance will not object if Royal Precision, Inc. stops filing periodic and other reports under the Securities Exchange Act of 1934. This decision applies to Royal Precision following its merger into Royal Associates, Inc., which resulted in the company becoming a wholly-owned subsidiary with no public securities outstanding. The Division assumes Royal Precision will file a notice on Form 15 making appropriate claims under rule 12h-3 before the due date for its next Exchange Act report.
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Securities Exchange Act of 1934 — Rule 12h-3
April 9, 2003
Response of the Office of Chief Counsel Division of Corporation Finance
Re:
Royal Precision, Inc. Incoming letter dated March 28, 2003
Based on the facts presented, the Division will not object if Royal Precision stops filing periodic and other reports under the Securities Exchange Act of 1934. We note that Royal Precision has already filed post-effective amendments removing from registration unsold securities under registration statements on Form S-8 and has filed a notice on Form 15 making appropriate claims under rule 12g-4 under the Exchange Act. We assume that, consistent with the representation made in your letter, Royal Precision will file a notice on Form 15 making appropriate claims under rule 12h-3 under the Exchange Act, before the due date for its next Exchange Act report.
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