[Federal Register Volume 69, Number 4 (Wednesday, January 7, 2004)]
[Notices]
[Pages 949-950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-262]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Summit Securities, 
Inc., To Withdraw Its Variable Rate Cumulative Preferred Stock, Series 
S-3, Par Value $10.00, From Listing and Registration on the American 
Stock Exchange LLC File No. 1-16177

December 31, 2003.
    Summit Securities, Inc., an Idaho corporation (``Issuer''), has 
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 Variable Rate Cumulative Preferred Stock, Series S-3, par value 
$10.00 (``Security''), from listing and registration on the American 
Stock Exchange LLC (``Amex'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all

[[Page 950]]

applicable laws in the State of Idaho, in which it is incorporated, and 
with the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration.
    The Board of Directors (``Board'') of the Issuer unanimously 
approved a resolution on December 23, 2003 to withdraw the Issuer's 
Security from listing on the Amex and to list such Security on the OTC 
Bulletin Board. The Board states that the following reason factored 
into its decision to withdraw the Security from listing and 
registration on the Amex: On December 22, 2003, the Issuer received 
notice from the Exchange that the Issuer was not in compliance with the 
Exchange's continued listing standards pursuant to Sections 1003 and 
1009 of the Exchange's Company Guide.
    The Issuer's application relates solely to the withdrawal of the 
Securities from listing on the Amex 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\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before January 28, 2004, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. 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.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 04-262 Filed 1-6-04; 8:45 am]
BILLING CODE 8010-01-M