SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 August 15, 2002 Date of report (Date of earliest event reported) GREAT LAKES AVIATION, LTD. (Exact Name of Registrant as Specified in Charter) Iowa 000-23224 42-1135319 ---- --------- ---------- (State or Other (Commission File (IRS Employer Jurisdiction Number) Identification No.) of Incorporation) 1022 Airport Parkway, Cheyenne, Wyoming 82001 (Address of Principal Executive Offices) (307) 432-7000 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. ------------ Great Lakes Aviation, Ltd. ("Great Lakes") received a Nasdaq Staff Determination on August 13, 2002 indicating that the Nasdaq Listing Qualifications Panel determined to delist Great Lakes' Common Stock from the Nasdaq SmallCap Market effective with the opening of business on August 14, 2002. The Panel determined, after a hearing with Great Lakes on August 1, 2002, that Great Lakes was no longer in compliance with the minimum net tangible assets/stockholders' equity/market value requirements for continued listing on the Nasdaq SmallCap Market. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- (c) Exhibits. Exhibit 99.1 Press Release dated August 15, 2002 relating to a Nasdaq Staff Determination it received on August 13, 2002 indicating that the Nasdaq Listing Qualifications Panel determined to delist Great Lakes' Common Stock from the Nasdaq SmallCap Market effective with the opening of business on August 14, 2002. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 15, 2002 By: /s/ Douglas G. Voss ----------------------------------- Douglas G. Voss, Chief Executive Officer EXHIBIT INDEX Exhibit Number Description ------- ----------- 99.1 Press Release dated August 15, 2002 relating to a Nasdaq Staff Determination it received on August 13, 2002 indicating that the Nasdaq Listing Qualifications Panel determined to delist Great Lakes' Common Stock from the Nasdaq SmallCap Market effective with the opening of business on August 14, 2002.