Self-Regulatory Organizations; Notice of Application of Equitable Resources, Inc. To Withdraw Its Common Stock, No Par Value, From Listing and Registration on the Philadelphia Stock Exchange, Inc. File No. 1-03551, 24668 [E5-2266]

Download as PDF 24668 Federal Register / Vol. 70, No. 89 / Tuesday, May 10, 2005 / Notices For the Commission by the Division of Market Regulation, pursuant to delegated authority.8 Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–2238 Filed 5–9–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Notice of Application of Equitable Resources, Inc. To Withdraw Its Common Stock, No Par Value, From Listing and Registration on the Philadelphia Stock Exchange, Inc. File No. 1–03551 May 4, 2005. On April 4, 2005, Equitable Resources, Inc., a Pennsylvania corporation (‘‘Issuer’’), filed an application with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 12d2–2(d) thereunder,2 to withdraw its common stock, no par value (‘‘Security’’), from listing and registration on the Philadelphia Stock Exchange, Inc. (‘‘Phlx’’ or ‘‘Exchange’’). The Board of Directors (‘‘Board’’) of the Issuer adopted resolutions on December 1, 2004 to withdraw the Security from listing on the Exchange. The Board stated that it is in the best interest of the Issuer to withdraw the Security from listing on Phlx for the following reasons: (i) The New York Stock Exchange, Inc. (‘‘NYSE’’) has effected 91% of the Issuer’s total average trading volume since January 1, 2003 and is the Issuer’s primary exchange; (ii) Phlx, which is primarily an options trading exchange, effects an insignificant number and amount of trades in the Security each day; (iii) Phlx does not list Issuer options and the Issuer is not included in Phlx’s utility index; (iv) since the Sarbanes-Oxley Act of 2002, each exchange has adopted new, more stringent corporate governance rules, and NYSE recently adopted amendments to its 2003 corporate governance rules; (v) while Phlx patterned its corporate governance rules after NYSE, certain differences existed and with the NYSE amendment, additional differences now exist; (vi) the Issuer is committed to strong governance practices, but compliance with multiple standards has become time consuming and costly; and (vii) after due consideration, the Issuer has not identified any economic, investor relations, or legal benefit to being listed on Phlx. The Issuer stated in its application that it has met the requirements of Phlx Rule 809 governing an issuer’s voluntary withdrawal of a security from listing and registration by submitting the necessary documents to withdraw the Security from listing on Phlx. The Issuer’s application relates solely to the withdrawal of the Security from listing on Phlx and from registration under Section 12(b) of the Act 3 and shall not affect its obligation to be registered under Section 12(g) of the Act.4 Any interested person may, on or before May 31, 2005, comment on the facts bearing upon whether the application has been made in accordance with the rules of Phlx, and what terms, if any, should be imposed by the Commission for the protection of investors. All comment letters may be submitted by either of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/delist.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include the File Number 1–03551 or; Paper Comments • Send paper comments in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549–0609. All submissions should refer to File Number 1–03551. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/rules/delist.shtml). Comments are also available for public inspection and copying in the Commission’s Public Reference Room. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter. 3 15 U.S.C. 78l(b). U.S.C. 78l(g). 5 17 CFR 200.30–3(a)(1). 1 15 U.S.C. 78l(d). 2 17 CFR 240.12d2–2(d). VerDate jul<14>2003 16:17 May 09, 2005 4 15 Jkt 205001 PO 00000 Frm 00171 Fmt 4703 Sfmt 4703 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.5 Jonathan G. Katz, Secretary. [FR Doc. E5–2266 Filed 5–9–05; 8:45 am] BILLING CODE 8010–01–P SOCIAL SECURITY ADMINISTRATION The Ticket to Work and Work Incentives Advisory Panel Meeting AGENCY: Social Security Administration (SSA). Notice of quarterly and strategic planning meeting ACTION: DATES: Monday, May 23, 2005—1 p.m. to 6:30 p.m. Tuesday, May 24, 2005—9 a.m. to 6 p.m. Wednesday, May 25, 2005—9 a.m. to 5 p.m. Thursday, May 26, 2005—9 a.m. to 12 p.m. ADDRESSES: Sheraton National Hotel, 900 S. Orme Street, Arlington, VA 22202. SUPPLEMENTARY INFORMATION: Type of meeting: On May 23–26, 2005, the Ticket to Work and Work Incentives Advisory Panel (the ‘‘Panel’’) will hold a quarterly and strategic planning meeting open to the public. Purpose: In accordance with section 10(a)(2) of the Federal Advisory Committee Act, the Social Security Administration (SSA) announces a meeting of the Ticket to Work and Work Incentives Advisory Panel. Section 101(f) of Pub. L. 106–170 establishes the Panel to advise the President, the Congress, and the Commissioner of SSA on issues related to work incentive programs, planning, and assistance for individuals with disabilities as provided under section 101(f)(2)(A) of the Act. The Panel is also to advise the Commissioner on matters specified in section 101(f)(2)(B) of that Act, including certain issues related to the Ticket to Work and Self-Sufficiency Program established under section 101(a). Interested parties are invited to attend the meeting. The Panel will use the meeting time to receive briefings and presentations on matters of interest, conduct full Panel deliberations on the implementation of the Act and receive public testimony. The Panel will meet in person commencing on Monday, May 23, 2005, from 1 p.m. until 6:30 p.m. The quarterly meeting will continue on E:\FR\FM\10MYN1.SGM 10MYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 70, Number 89 (Tuesday, May 10, 2005)]
[Notices]
[Page 24668]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-2266]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Self-Regulatory Organizations; Notice of Application of Equitable 
Resources, Inc. To Withdraw Its Common Stock, No Par Value, From 
Listing and Registration on the Philadelphia Stock Exchange, Inc. File 
No. 1-03551

May 4, 2005.
    On April 4, 2005, Equitable Resources, Inc., a Pennsylvania 
corporation (``Issuer''), filed an application with the Securities and 
Exchange Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act''),\1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its common stock, no par value 
(``Security''), from listing and registration on the Philadelphia Stock 
Exchange, Inc. (``Phlx'' or ``Exchange'').
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
---------------------------------------------------------------------------

    The Board of Directors (``Board'') of the Issuer adopted 
resolutions on December 1, 2004 to withdraw the Security from listing 
on the Exchange. The Board stated that it is in the best interest of 
the Issuer to withdraw the Security from listing on Phlx for the 
following reasons: (i) The New York Stock Exchange, Inc. (``NYSE'') has 
effected 91% of the Issuer's total average trading volume since January 
1, 2003 and is the Issuer's primary exchange; (ii) Phlx, which is 
primarily an options trading exchange, effects an insignificant number 
and amount of trades in the Security each day; (iii) Phlx does not list 
Issuer options and the Issuer is not included in Phlx's utility index; 
(iv) since the Sarbanes-Oxley Act of 2002, each exchange has adopted 
new, more stringent corporate governance rules, and NYSE recently 
adopted amendments to its 2003 corporate governance rules; (v) while 
Phlx patterned its corporate governance rules after NYSE, certain 
differences existed and with the NYSE amendment, additional differences 
now exist; (vi) the Issuer is committed to strong governance practices, 
but compliance with multiple standards has become time consuming and 
costly; and (vii) after due consideration, the Issuer has not 
identified any economic, investor relations, or legal benefit to being 
listed on Phlx.
    The Issuer stated in its application that it has met the 
requirements of Phlx Rule 809 governing an issuer's voluntary 
withdrawal of a security from listing and registration by submitting 
the necessary documents to withdraw the Security from listing on Phlx. 
The Issuer's application relates solely to the withdrawal of the 
Security from listing on Phlx and from registration under Section 12(b) 
of the Act \3\ and shall not affect its obligation to be registered 
under Section 12(g) of the Act.\4\
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
---------------------------------------------------------------------------

    Any interested person may, on or before May 31, 2005, comment on 
the facts bearing upon whether the application has been made in 
accordance with the rules of Phlx, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (https://
www.sec.gov/rules/delist.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
the File Number 1-03551 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., 
Washington, DC 20549-0609.
    All submissions should refer to File Number 1-03551. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (https://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room. All comments received will be 
posted without change; we do not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.
    The Commission, based on the information submitted to it, will 
issue an order granting the application after the date mentioned above, 
unless the Commission determines to order a hearing on the matter.
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(1).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
Jonathan G. Katz,
Secretary.
[FR Doc. E5-2266 Filed 5-9-05; 8:45 am]
BILLING CODE 8010-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.