8-KSecurities & ListingExhibits & Filings

CSX CORP 8-K Report, Listing Notice (Dec 10, 2015)

Filed December 10, 2015For Securities:CSX

Summary

CSX Corporation has announced its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and transfer its listing to The Nasdaq Global Select Market (Nasdaq). This transition is scheduled to occur after the close of trading on December 21, 2015, with trading on Nasdaq commencing on December 22, 2015. The company's stock will continue to trade under its existing ticker symbol, 'CSX'. This move represents a strategic decision by CSX to potentially leverage Nasdaq's market environment and technology infrastructure. Investors should note that the underlying business and financial operations of CSX remain unchanged, and the change is purely an administrative and listing-related event. The company has provided notice to the NYSE and has secured approval for listing on Nasdaq, ensuring a seamless transition for shareholders.

Key Highlights

  • 1CSX Corporation is voluntarily delisting its common stock from the NYSE.
  • 2The stock will transfer to The Nasdaq Global Select Market (Nasdaq).
  • 3The delisting from NYSE is effective after market close on December 21, 2015.
  • 4Listing on Nasdaq will be effective at the market open on December 22, 2015.
  • 5The stock will continue to trade under the ticker symbol 'CSX' on Nasdaq.
  • 6This is a listing transfer, not a change in the company's business operations or financial status.

Frequently Asked Questions

The filing does not specify the exact reasons for the move, but companies often transfer listings for strategic reasons, such as perceived benefits from a different market's trading environment, technology, or services offered to listed companies.

No, your CSX shares will not be directly affected. The company's common stock will simply trade on a different exchange, but the shares themselves remain the same. The ticker symbol 'CSX' will also remain unchanged.

No, shareholders do not need to take any action. The transfer is an administrative process handled by the company and the exchanges. Your brokerage account will automatically reflect the change in listing venue.

CSX's common stock is expected to begin trading on the Nasdaq Global Select Market at the opening of the market on December 22, 2015.