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May 25, 2015 2:09 AM ET

Software

Company Overview of Siboney Corporation

Company Overview

Siboney Corporation, through its subsidiaries, engages in the publication and distribution of educational software products primarily for schools in the United States. It publishes educational software products in various academic areas, such as reading, language, mathematics, science, writing, and English as a second language, primarily for K-12 students and adult learners. The company publishes Orchard Software for Your State (Orchard) product line that integrates the results of subject specific assessment tests which are based upon state standards, with individualized instruction from approximately 160 skill trees in K-12 reading, language, mathematics, and science. Orchard’s assessment i...

325 North Kirkwood Road

Suite 300

St. Louis, MO 63122

United States

Founded in 1955

45 Employees

Phone:

314-822-3163

Fax:

314-822-3197

Key Executives for Siboney Corporation

Chairman of the Board, Chief Executive Officer and Member of Compensation Committee
Age: 72
Chief Operating Officer, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Director, President of Siboney Learning Group Inc, Chief Operating Officer of Siboney Learning Group Chief Financial Officer of Siboney Learning Group and Director of Siboney Learning Group Inc
Age: 55
Vice President, Secretary, Director and Secretary of Siboney Learning Group Inc
Age: 60
Compensation as of Fiscal Year 2014.

Siboney Corporation Key Developments

SEC Revokes Registration Of Registered Securities Of Siboney Corporation

The registration of the registered securities of Siboney Corporation has been revoked. The Company had repeatedly failed to file required annual and quarterly reports with the Securities and Exchange Commission (SEC). Thus, the Company violated a crucial provision of the federal securities laws that requires public corporations to publicly disclose current, accurate financial information so that investors may make informed decisions. The revocation was ordered in an administrative proceeding before an administrative law judge.

SEC Orders Hearing On Registration Suspension Or Revocation Against Siboney

In conjunction with trading suspension, the Securities and Exchange Commission (SEC) also instituted a public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Siboney Corp. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and/or 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in the proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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