AVX Corporation (AVX) filed on Monday, January 14 8-K

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AVX Corporation filed 8-K with SEC. Read (AVX)’s full filing at 000143774919000825.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, effective January 1, 2019, Mr. Joseph Stach resigned as a member of the Board of Directors (the ‘Board’) of AVX Corporation (the ‘Company’). Mr. Stach was a member of the Company’s Audit Committee at the time of his resignation. Mr. Stach’s resignation reduced the number of directors currently serving on the Company’s Audit Committee to two, rendering the Company noncompliant with New York Stock Exchange (‘NYSE’) Listing Rule 303A.07(a), which requires that the Audit Committee be composed of a minimum of three independent members.

On January 8, 2019, the Company advised NYSE of Mr. Stach’s resignation, its consequences with regard to compliance with NYSE Listing Rule 303A.07(a) and the Company’s intention to regain compliance in a timely manner.

The Board is currently in the process of identifying a qualified candidate to fill the seat that was vacated by Mr. Stach’s resignation. It is currently the Company’s intent to appoint a new independent director to the Board and to the Audit Committee to fill the vacancy left by Mr. Stach as soon as reasonably practicable, at which time the Company would regain compliance with the applicable requirements of the NYSE Listing Rules.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The stock decreased 1.21% or $0.2 during the last trading session, reaching $16.32. About 103,800 shares traded. AVX Corporation (NYSE:AVX) has declined 10.86% since January 14, 2018 and is downtrending. It has underperformed by 10.86% the S&P500.

AVX Corporation, together with its subsidiaries, makes, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The company has market cap of $2.76 billion. The firm operates through three divisions: Electronic Components; Interconnect, Sensing and Control Devices; and Kyocera Electronic Devices Resale. It has a 41.21 P/E ratio. The Electronic Components segment primarily offers surface mount and leaded ceramic, film, and tantalum capacitors; RF thick and thin film components; ceramic and film power capacitors; super capacitors; EMI filters; thick and thin film packages of multiple integrated components; varistors; thermistors; inductors; resistive products; and passive and active electronic antennas.

Investors sentiment increased to 1.47 in Q3 2018. Its up 0.32, from 1.15 in 2018Q2. It is positive, as 15 investors sold AVX Corporation shares while 38 reduced holdings. 41 funds opened positions while 37 raised stakes. 41.22 million shares or 1.16% more from 40.75 million shares in 2018Q2 were reported.
Hsbc Public Limited Company has 0% invested in AVX Corporation (NYSE:AVX) for 33,906 shares. Metropolitan Life Insurance Communications reported 0% of its portfolio in AVX Corporation (NYSE:AVX). Great West Life Assurance Can has 0% invested in AVX Corporation (NYSE:AVX). Qs Limited Liability Com invested in 14,389 shares. 58,000 were reported by Acadian Asset Mngmt Limited Liability. Royal Bank Of Canada holds 0% in AVX Corporation (NYSE:AVX) or 1,212 shares. 24,436 are held by Campbell Adviser Ltd Llc. Shufro Rose Ltd Limited Liability Company reported 0.03% of its portfolio in AVX Corporation (NYSE:AVX). Sg Americas Secs Ltd Co reported 0.01% stake. Virginia Retirement Et Al holds 0.01% or 42,400 shares. Ny State Common Retirement Fund accumulated 0% or 75,871 shares. Zebra Capital Management Ltd Liability Corporation invested in 0.33% or 40,222 shares. Fund Mngmt Sa has 25,400 shares. Price T Rowe Assocs Inc Md reported 2.96M shares. Moors And Cabot reported 0.1% of its portfolio in AVX Corporation (NYSE:AVX).

Since July 26, 2018, it had 0 insider purchases, and 10 insider sales for $2.02 million activity. King Willing sold $209,390 worth of stock or 10,000 shares. 1,094 AVX Corporation (NYSE:AVX) shares with value of $22,121 were sold by Lawing John. $12,874 worth of AVX Corporation (NYSE:AVX) shares were sold by DeCenzo David. Hufnagel Michael E sold 2,500 shares worth $49,875. Schenkel Alex sold $309,690 worth of AVX Corporation (NYSE:AVX) on Friday, July 27. Shares for $1.13M were sold by CUMMINGS KURT P.

More notable recent AVX Corporation (NYSE:AVX) news were published by: Zacks.com which released: “Should Value Investors Buy AVX (AVX) Stock? – Zacks.com” on December 17, 2018, also Businesswire.com with their article: “AVX Aircraft Company, L3 Technologies Submit Proposal for U.S. Army’s Future Attack Reconnaissance Aircraft – Business Wire” published on December 20, 2018, Globenewswire.com published: “AVX Introduces New RC Equalizers NYSE:AVX – GlobeNewswire” on October 01, 2018. More interesting news about AVX Corporation (NYSE:AVX) were released by: Globenewswire.com and their article: “AVX is Exhibiting at electronica 2018 NYSE:AVX – GlobeNewswire” published on November 08, 2018 as well as Globenewswire.com‘s news article titled: “AVX to Showcase its Innovative Technology in an Upcoming “Success” Television Production – GlobeNewswire” with publication date: October 18, 2018.

AVX Corporation (NYSE:AVX) Institutional Positions Chart

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