BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (OTC: BEBE) (the Company) announced today that it has filed a certification on Form 15 (Form 15) with the Securities and Exchange Commission (SEC) to terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act). As a result, effective immediately upon the filing of the Form 15, the Company’s obligation to file current and periodic reports under the Exchange Act has been suspended.
The decision of the Company’s Board of Directors to deregister its common stock was based on numerous factors, including the significant cost savings of no longer filing periodic reports with the SEC, plus reductions in operational costs. The Company will continue to trade on the OTCQB Market under the trading symbol BEBE.
