Bryan, Ohio (Feb. 27, 2004) -- Toy maker The Ohio Art Co., best known for its Etch-A-Sketch product, said it plans to de-list its common stock from the American Stock Exchange, due largely to the high costs of complying with the requirements of the Sarbanes-Oxley Act.
The 96-year-old company also sited the low number of stockholders of record in the company's stock and the limited extent of its stock’s trading as reasons for the de-listing, according to a recent 8-K filing with the Securities and Exchange Commission.
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