Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On December 20, 2019, CARBO Ceramics Inc. (the "Company") received notice from
the New York Stock Exchange (the "NYSE") stating that the NYSE has determined to
commence proceedings to delist the Company's common stock from the NYSE as a
result of the Company's failure to maintain an average global market
capitalization over the prior consecutive 30 trading-day period of at least $15
million in accordance with Section 802.01B of the NYSE Listed Company Manual.
The NYSE also suspended the trading of the Company's common stock at the close
of trading on December 20, 2019. The Company does not intend to appeal the
NYSE's decision.
The NYSE notification does not affect the Company's business operations or its
Securities and Exchange Commission reporting requirements, and does not conflict
with or cause an event of default under any of the Company's material debt
agreements.
The Company's common stock is expected to commence trading on the OTCQB Market
under the symbol "CRRT" on December 23, 2019. The Company can provide no
assurance that its common stock will commence or continue to trade on the OTCQB
Market, that broker-dealers will continue to provide public quotes of the
Company's common stock on the OTCQB Market, that the trading volume of the
Company's common stock will be sufficient to provide for an efficient and liquid
trading market or whether quotes for the Company's common stock will continue on
the OTCQB Market in the future.
Item 7.01. Regulation FD Disclosure.
On December 20, 2019, the Company issued a press release regarding the expected
trading of its common stock on the OTCQB Market. A copy of the press release is
furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
The information contained in this Item 7.01 and the exhibit hereto shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), and shall not be incorporated by
reference into any filings made by the Company under the Securities Act of 1933,
as amended, or the Exchange Act, except as may be expressly set forth by
specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated December 20, 2019.
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CARBO CERAMICS INC. 
