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EX-99 - EXHIBIT 99.1 - K-V Pharmaceutical Cokva20130129_8kex99-1.htm


UNITED STATES

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

 

Date of Report (date of earliest event reported): January 24, 2013

 

 

K-V PHARMACEUTICAL COMPANY

(Exact name of registrant as specified in its charter)

____________________

  

Delaware

1-9601

43-0618919

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

 

 

2280 Schuetz Road

St. Louis, MO

63146

(Address of principal executive offices)

(Zip Code)

 

 

(314) 645-6600

(Registrant's telephone number, including area code)

____________________

 

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:

 

□ Written communications pursuant to Rule 425 under the Securities Act.

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act.

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

 



 

 
 

 

  

Item 7.01

Regulation FD Disclosure.


On January 24, 2013, Ther-Rx Corporation, a women's health-focused pharmaceutical company and subsidiary of K-V Pharmaceutical Company, and Perrigo Company issued a press release announcing that Gynazole-1® is now available for prescribing and is also available at major national and regional retail pharmacy chains across the country. A copy of the press release is attached hereto as Exhibit 99.1.


The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

 

 

Item 9.01

Financial Statements and Exhibits.

 

(d)     The following exhibits are furnished as part of this report:


Exhibit Number

Description

         99.1

Press Release dated January 24, 2013, issued by K-V Pharmaceutical Company.


 

The Company will post this Form 8-K on its Internet website at www.kvph.com. References to the Company's website address are included in this Form 8-K only as inactive textual references and the Company does not intend them to be active links to the website. Information contained on the website do not constitute part of this Form 8-K.

 

Cautionary Note Regarding Forward-Looking Statements of K-V Pharmaceutical Company

 

This release contains various forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (the “PSLRA”) and which may be based on or include assumptions concerning our operations, future results and prospects. Such statements may be identified by the use of words like “plan,” “expect,” “aim,” “believe,” “project,” “anticipate,” “commit,” “intend,” “estimate,” “will,” “should,” “could,” “potential” and other expressions that indicate future events and trends.

 

All statements that address expectations or projections about the future, including, without limitation, statements about product launches, the impact of K-V Pharmaceutical Company's Chapter 11 proceedings, governmental and regulatory actions and proceedings, market position, revenues, expenditures and the impact of recalls and suspensions of shipments on revenues, adjustments to the financial statements, the filing of amended filings with the Securities and Exchange Commission (“SEC”) and other financial results, are forward-looking statements.

 

 
 

 

 

All forward-looking statements are based on current expectations and are subject to risk and uncertainties. In connection with the PSLRA's “safe harbor” provisions, we provide the following cautionary statements with regard to K-V Pharmaceutical Company (the “Company”) identifying important economic, competitive, political, regulatory and technological factors, among others, that could cause actual results or events to differ materially from those set forth or implied by the forward-looking statements and related assumptions. Such factors include (but are not limited to):

 

 

1.

the ability of the Company and its subsidiaries to continue as a going concern;

 

2.

the ability of the Company to comply with the milestones in its debtor-in-possession financing facility, and obtain Bankruptcy Court approval of its motion for approval of the proposed plan of reorganization and related disclosure statement as well as other motions filed in the Chapter 11 cases;

 

3.

the ability of the Company and its subsidiaries to satisfy the conditions of the proposed plan of reorganization and to consummate the proposed plan, including the contemplated rights offering;

 

4.

objections that may be raised with respect to the proposed plan of reorganization and related disclosure statement by various creditors, equity holders and other constituents of the Company and its subsidiaries and the Bankruptcy Court's treatment of such objections;

 

5.

the effects of the bankruptcy filing on the Company and its subsidiaries and the interests of various creditors, equity holders and other constituents;

 

6.

the effects of rulings of the Bankruptcy Court in the Chapter 11 cases and the outcome of the cases in general;

 

7.

the length of time the Company and its subsidiaries will operate under the Chapter 11 cases;

 

8.

risks associated with third-party motions in the Chapter 11 cases, which may interfere with the ability of the Company and its subsidiaries to develop one or more plans of reorganization and consummate such plans once they are developed;

 

9.

the potential adverse effects of the Chapter 11 proceedings on the Company's liquidity or results of operations;

 

10.

the ability to execute the Company's business and restructuring plans;

 

11.

increased legal costs related to the Company's bankruptcy filing and other litigation;

 

12.

that the Company's Class A Common Stock and Class B Common Stock will be, or will continue to be, traded on the OTCQB Marketplace and whether sufficient volumes and liquidity will develop; and

 

13.

the ability of the Company and its subsidiaries to maintain contracts that are critical to their operation, including to obtain and maintain normal terms with their vendors, customers and service providers and to retain key executives, managers and employees.

 

This discussion is not exhaustive, but is designed to highlight important factors that may impact our forward-looking statements.

 

Because the factors referred to above, as well as the statements included in Part I, Item 1A—“Risk Factors,” of our Annual Report on Form 10-K for the fiscal year ended March 31, 2012, the statements under the heading “Risk Factors” in our Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 31, 2012, and the statements included in Article XI – “Certain Risk Factors to be Considered” of the disclosure statement filed in the Bankruptcy Court with the proposed plan of reorganization, could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by us or on our behalf, you should not place undue reliance on any forward-looking statements. All forward-looking statements attributable to us are expressly qualified in their entirety by the cautionary statements in this “Cautionary Note Regarding Forward-Looking Statements” and the risk factors that are included under Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2012 ,the risk factors under the heading “Risk Factors” in our Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 31, 2012, and the statements included in Article XI – “Certain Risk Factors to be Considered” of the disclosure statement filed in the Bankruptcy Court with the proposed plan of reorganization. Further, any forward-looking statement speaks only as of the date on which it is made and we are under no obligation to update any of the forward-looking statements after the date of this release. New factors emerge from time to time, and it is not possible for us to predict which factors will arise, when they will arise and/or their effects. In addition, we cannot assess the impact of each factor on our future business or financial condition or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

 

* * *

 

 
 

 

  

SIGNATURES

 

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.

 

Dated: January 29, 2013

  K-V PHARMACEUTICAL COMPANY  
       
By: /s/ Patrick J. Christmas  
    Patrick J. Christmas

Vice President, General Counsel and

Secretary