Attached files
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): December 2, 2013
SCIENTIFIC INDUSTRIES, INC.
_________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 000-6658 04-2217279
___________ ____________ __________________
(State or other (Commission (IRS Employer No.)
jurisdiction of File Number)
incorporation)
70 Orville Drive
Bohemia, New York 11716
__________________________________________________
(Address of principal executive offices)
(631) 567-4700
__________________________________________________
Registrant's telephone number, including area code
Not Applicable
__________________________________________________
(Former name or former address,
if changed since last report)
ITEM 8.01. OTHER EVENTS
Registrant announced on December 2, 2013 that it has agreed
in principle with a privately held corporation to acquire its
laboratory and pharmacy balance and digital scale business,
including the Torbal DrX3 mechanical scale.
Consummation of this acquisition will be subject to satisfaction
of specific conditions, including the execution of a purchase
agreement, a long term employment agreement with its principal
officer, a long term supply agreement with its supplier of its
digital scales and related products and satisfactory results
of the Company's due diligence. The anticipated total purchase
price will be approximately $1,700,000 payable in cash, shares
of the Company's common stock, and commissions on future sales
of the products through the year ending June 30, 2017. No
assurance can be given that a purchase agreement will be executed
or that the proposed purchase will be effected.
ITEM 9.01 Financial Statements and Exhibits
(a) and (b) not applicable
(c) Exhibits
Exhibit No. Exibit
___________ _____________________________
10A-1 Copy of Press Release.
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.
SCIENTIFIC INDUSTRIES, INC.
(Registrant)
Date: December 2, 2013
By: /s/ Helena R. Santos
Helena R. Santos,
President and Chief Executive
Officer