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EX-99.1 - EXHIBIT 99.1 - Axogen, Inc. | c15781exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 25, 2011
LECTEC CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota | 0-16159 | 41-1301878 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
1407 South Kings Highway, Texarkana, Texas |
75501 |
|
(Address of principal executive offices) | (Zip Code) |
Registrants
telephone number, including area code: (903) 832-0993
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry Into a Material Definitive Agreement.
In July 2008, LecTec Corporation (the Company) filed a complaint for patent infringement
against Prince of Peace Enterprises, Inc. (POP) and four other defendants in the U.S. District
Court for the Eastern District of Texas. On April 25, 2011, the Company entered into a
Confidential Settlement Agreement and Mutual Release (the Settlement Agreement) with POP to
settle the Companys claims against POP that POP infringed two of the Companys patents related to
the Companys medicated patch technology and issued a press release announcing its entry into the
Settlement Agreement. A copy of the press release is attached to this Current Report on Form 8K
as Exhibit 99.1, which is incorporated herein by reference.
Pursuant to the Settlement Agreement, POP will pay the Company a onetime sum of $225,000 and
the Company will grant to POP a fully paidup, worldwide, nonexclusive and irrevocable license
to (a) U.S. Patent Nos. 5,536,263 and 5,741,510 (the PatentsInSuit), (b) any patent that
claims priority, directly or indirectly, from the PatentsInSuit (the Family Patents) and (c)
any foreign counterparts of the Family Patents, for use in connection with any product or process
sold or used by POP, other than products covered by exclusive licenses previously granted to other
companies
In addition, under the Settlement Agreement the Company and POP entered into mutual releases
of all claims.
The Settlement Agreement will be filed as an exhibit to the Companys Quarterly Report on Form
10Q for the quarter ended June 30, 2011.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 | LecTec Corporation Press
Release, dated April 26, 2011. |
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 hereunto duly authorized.
LECTEC CORPORATION |
||||
By: | /s/ Gregory G. Freitag | |||
Gregory G. Freitag | ||||
Chief Executive Officer and Chief Financial Officer |
Date: April 26, 2011
EXHIBIT INDEX
Exhibit | ||||
Number | Description | |||
99.1 | LecTec Corporation Press
Release, dated April 26, 2011. |