-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pp+R7M6eGElS2y1vo64AlmqHQ1dqlREC2Korn9FJHSjgxtH/2VTuZTLeFMcJrhbX gkS94StaYEsBI2PQgFFSIw== 0000892712-00-000185.txt : 20001205 0000892712-00-000185.hdr.sgml : 20001205 ACCESSION NUMBER: 0000892712-00-000185 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000328 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPHIDIAN PHARMACEUTICALS INC CENTRAL INDEX KEY: 0000872947 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 391661164 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13835 FILM NUMBER: 782559 BUSINESS ADDRESS: STREET 1: 5445 E CHERYL PKWY CITY: MADISON STATE: WI ZIP: 53711 BUSINESS PHONE: 6082710878 MAIL ADDRESS: STREET 1: OPHIDIAN PHARMACEUTICALS INC STREET 2: 5445 EAST CHERYL PARKWAY CITY: MADISON STATE: WI ZIP: 53711 8-K 1 0001.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) March 28, 2000 OPHIDIAN PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) Delaware 001-13835 39-1661164 (State, or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 5445 East Cheryl Parkway, Madison, Wisconsin 53711 (Address of principal executive offices) Registrant's telephone number, including area code: (608) 271-0878 Item 2. Acquisition or Disposition of Assets. On November 16, 2000, the Ophidian Pharmaceuticals, Inc. (the "Company") completed the sale of substantially all of its assets to Promega Corporation. The sale took place pursuant to a previously announced Asset Purchase Agreement dated as of September 1, 2000, by and between the parties. At closing, the Company received $1,148,745.12 in cash, representing the agreed cash price of $1,250,000 less certain allowable, closing date adjustments. In addition, Promega delivered to the Company a promissory note in the original principal amount of $170,000, representing the balance of the purchase price and payable in full with accrued interest on or before January 29, 2001. Item 5. Other Events. On November 9, 2000, the Company issued the press release attached hereto as Exhibit 99.1 and incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. The Company's Unaudited Pro Forma Balance Sheet dated June 30, 2000, and the Company's Unaudited Pro Forma Statement of Operations for the Nine Months Ended June 30, 2000, and the accompanying Notes to Pro Forma Financial Statements are incorporated herein by reference to pages 26-29 of the Proxy Statement filed on Schedule 14A on October 10, 2000 (File No. 001-13835). (c) Exhibits. The following exhibits are filed as a part of this report: Exhibit Number Description of Exhibit 2.1 Asset Purchase Agreement dated as of September 1, 2000, by and between Ophidian Pharmaceuticals, Inc. and Promega Corporation. Incorporated by reference to Exhibit A to the Company's Proxy Statement filed on Schedule 14A on October 10, 2000 (File No. 001-13835). 2.2 Plan of Dissolution and Liquidation. Incorporated by reference to Exhibit B to the Company's Proxy Statement filed on Schedule 14A on October 10, 2000 (File No. 001-13835). 99.1 Press release issued November 9, 2000. 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. OPHIDIAN PHARMACEUTICALS, INC. Date: December 1, 2000 /s/ Susan P. Maynard ----------------------------- Susan P. Maynard Secretary EXHIBIT INDEX Exhibit No. Description 2.1 Asset Purchase Agreement dated as of September 1, 2000, by and between Ophidian Pharmaceuticals, Inc. and Promega Corporation. Incorporated by reference to Exhibit A to the Company's Proxy Statement filed on Schedule 14A on October 10, 2000 (File No. 001-13835). 2.2 Plan of Dissolution and Liquidation. Incorporated by reference to Exhibit B to the Company's Proxy Statement filed on Schedule 14A on October 10, 2000 (File No. 001-13835). 99.1 Press release issued November 9, 2000. EX-99.1 2 0002.txt EXHIBIT 99.1 Contact: Susan Maynard, Secretary Ophidian Pharmaceuticals, Inc. Phone: (608) 271-0878 FOR IMMEDIATE RELEASE: OPHIDIAN PHARMACEUTICALS, INC. ANNOUNCES SHAREHOLDER APPROVAL OF ASSET SALE AND PLAN OF DISSOLUTION MADISON (November 9, 2000) - Ophidian Pharmaceuticals, Inc. (the "Company") (OTC BB: OPHD.OB) announced that at a special meeting of stockholders held today, stockholders approved proposals to sell substantially all of the Company's assets to Promega Corporation and to grant authorization to the Company's Board of Directors for the subsequent liquidation, winding up, and dissolution of the Company pursuant to an approved Plan of Dissolution. Pending satisfaction of all of the closing conditions, the Company expects to proceed promptly to close the sale of substantially all of its assets to Promega Corporation. Upon the closing of the asset sale, the Board of Directors of the Company will determine whether to liquidate the Company pursuant to the approved Plan of Dissolution. The amount and timing of any liquidating distribution to stockholders will be determined by the Board of Directors and will depend on a number of factors, including payment or provision for payment of the Company's debts, expenses, taxes, and other liabilities, as well as the timing and costs of liquidating and winding up the Company's business and affairs. The Company also reported that pursuant to applicable NASDAQ regulations, NASDAQ had delisted the Company's stock from the NASDAQ SmallCap Market effective Tuesday, November 7, 2000. Trading and quotation of the Company's stock is now available through the OTC Bulletin Board quotation service. NOTE: This document contains certain forward-looking statements based on the Company's expectations. There are certain key factors that could cause future results to differ from those anticipated by the Company's management and Board of Directors. Such factors include, but are not limited to, the conditions that must be met prior to closing as set forth in the agreement with Promega, the failure of the asset sale to close for whatever reasons, purchase price adjustments, post-closing indemnification obligations, the completion of satisfactory due diligence for the asset sale, and the final amounts of the Company's debts, expenses, taxes, and other costs and liabilities of liquidating and winding up the Company's business and affairs. # # # -----END PRIVACY-ENHANCED MESSAGE-----