Ohio-based Max & Erma's decides to stay public.
| Position | Ohio |
Columbus-based Max & Erma's Restaurants decided not to delist from the NASDAQ Stock Market. Max & Erma's previously announced it would go private due to the cost of Sarbanes-Oxley (SOX) regulations.
The reverse in course comes one month after the SEC gave small companies an additional year to meet financial-reporting requirements under SOX, according to The Columbus Dispatch.
Max & Erma's officials previously stated that SOX compliance would cost the company $450,000 more in accounting-related costs this year and $350,000 annually. Shareholders approved a plan to give up its stock registration...
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