-----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, OgtRRKXKUP9U8H/qCOSNzpQzxzjiek/vWJb+WK0K8qOAHzgwKAH9lt3z8YJZygka A1uBccNw/b9KOckMQcyv5g== 0001072613-08-000855.txt : 20080401 0001072613-08-000855.hdr.sgml : 20080401 20080401120434 ACCESSION NUMBER: 0001072613-08-000855 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MZT Holdings, Inc. CENTRAL INDEX KEY: 0000884847 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 042985132 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12128 FILM NUMBER: 08728102 BUSINESS ADDRESS: STREET 1: 330 NEVADA ST CITY: NEWTON STATE: MA ZIP: 02460 BUSINESS PHONE: 6179280820 MAIL ADDRESS: STREET 1: 330 NEVADA STREET CITY: NEWTON STATE: MA ZIP: 02460 FORMER COMPANY: FORMER CONFORMED NAME: MATRITECH INC/DE/ DATE OF NAME CHANGE: 19930328 8-K 1 form8k_15838.htm MZT HOLDINGS, INC. FORM 8-K WWW.EXFILE.COM -- 888-775-4789 -- MZT HOLDINGS, INC. -- FORM 8-K

 
 
UNITED STATES
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 31, 2008
 
 
MZT Holdings, Inc. 

(Exact name of registrant as specified in its charter)
 
 

Delaware
001-12128
04-2985132
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
 
 
124 Washington Street, Suite 101
Foxborough, Massachusetts
02035
(Address of principal executive offices)
(Zip Code)
 

 
(508) 203-4286 

(Registrant’s telephone number, including area code)

  

(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 (see General Instruction A.2. below):
 
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 8.01
Other Events.

In a press release issued on March 31, 2008, which is attached hereto as Exhibit 99.1, MZT Holdings, Inc. (the “Company”) announced that its Board of Directors (the “Board”) had determined not to file an Annual Report on Form 10-K for the fiscal year ended December 31, 2007 (the “2007 10-K”).  The Board determined not to file the 2007 10-K because that filing would primarily report on the Company’s operations prior to its sale of substantially all of its assets to a wholly-owned subsidiary of Inverness Medical Innovations, Inc., which closed on December 12, 2007.

In addition, in the press release, the Company announced that the Board had also determined not to file Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K for any future periods (the “Future Filings”).

The Board determined not to file the 2007 10-K or make the Future Filings after careful consideration of the Company’s current circumstances, including the fact that (A) the Company is no longer engaged in any active business or operations and no longer has any employees, but is instead dissolving in accordance with the requirements of the Delaware General Corporation Law and pursuant to a Plan of Liquidation and Dissolution previously disclosed in the Company’s proxy statement, filed with the Securities and Exchange Commission on November 14, 2007 and approved by the Company’s stockholders at a special meeting held on December 12, 2007; and (B) the Company would be required to incur considerable expenses (in the form of legal, accounting, consulting and other professional fees), thereby reducing the amounts that may ultimately be distributable to the Company’s stockholders in the future.

In coming to these decisions, the Board was particularly focused on maximizing the amount that the Company will ultimately have available for distribution to its stockholders, as well as the fact that the 2007 10-K and the Future Filings would not provide meaningful information to the Company’s stockholders or the investing public that could not be provided in other, less expensive ways.

To that end, the Company intends to continue to file Current Reports on Form 8-K upon the occurrence of any events that are material to the Company, including the making of any distribution payments or the final dissolution of the Company.  In addition, in lieu of filing the 2007 10-K or making the Future Filings, the Company intends to file Current Reports on Form 8-K following the conclusion of each fiscal quarter that will contain Company-prepared statements of the Company’s assets and liabilities as of the last day of such fiscal quarter, which statements will be (1) prepared by the Company’s management; (2) subjected to certain attest procedures by a certified public accounting firm, conducted in accordance with the attestation standards established by the American Institute of Certified Public Accountants; and (3) covered by a report of agreed-upon procedures from a certified public accounting firm.  The Company intends to file the first of these asset and liability statements for the fiscal quarter ended December 31, 2007 not later than April 30, 2008 and will continue to make these filings within 45 days of the end of each subsequent fiscal quarter until the Company has made a final distribution to its stockholders of record as of April 4, 2008.  
 
Item 9.01
Financial Statements and Exhibits.

   
(c) Exhibits.

 
Exhibit No.
 
Description
       
 
99.1
 
Press Release issued by the Company on March 31, 2008 announcing that the Company would not be filing an Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and would not make future filings on Form 10-K or Form 10-Q
 
 


 
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.
 
 
   
MZT HOLDINGS, INC.
 
       
       
         
Date:     April 1, 2008
 
By:
/s/ Craig R. Jalbert   
     
Name:   Craig R. Jalbert
 
     
Title:     President
 


EX-99.1 2 exh99-1_15838.htm PRESS RELEASE ISSUED MARCH 31, 2008 WWW.EXFILE.COM -- 888-775-4789 -- MZT HOLDINGS, INC. -- EXHIBIT 99.1 TO FORM 8-K
Exhibit 99.1
 

 


MZT Holdings, Inc. Announces Determination Not to File 2007 Annual Report on
Form 10-K or to Make Future Quarterly or Annual Report Filings
 
 
FOXBOROUGH, Mass.—Business Wire—MZT Holdings, Inc., formerly known as Matritech, Inc. (trading symbol: MZTH), announced today that its Board of Directors had determined not to file an Annual Report on Form 10-K for the fiscal year ended December 31, 2007.  The Board of Directors of MZT Holdings determined not to file this Annual Report on Form 10-K because that filing would primarily report on MZT Holdings’ operations prior to its sale of substantially all of its assets to a wholly-owned subsidiary of Inverness Medical Innovations, Inc., which closed on December 12, 2007.
 
In addition, MZT Holdings today announced that its Board of Directors had also determined not to file Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K for any future periods.
 
MZT Holdings’ Board of Directors determined not to make these filings after careful consideration of MZT Holdings’ current circumstances, including the fact that MZT Holdings is no longer engaged in any active business or operations and no longer has any employees, but is instead dissolving in accordance with the requirements of the Delaware General Corporation Law and pursuant to a Plan of Liquidation and Dissolution previously disclosed in MZT Holdings’ proxy statement, filed with the Securities and Exchange Commission on November 14, 2007 and approved by MZT Holdings’ stockholders at a special meeting held on December 12, 2007.  MZT Holdings’ Board of Directors also carefully considered the fact that continuing to make these filings would require MZT Holdings to incur considerable expenses (in the form of legal, accounting, consulting and other professional fees), thereby reducing the amounts that may ultimately be distributable to the MZT Holdings’ stockholders in the future.
 
In coming to these decisions, MZT Holdings’ Board of Directors was particularly focused on maximizing the amount that MZT Holdings will ultimately have available for distribution to its stockholders, as well as the fact that neither an Annual Report on Form 10-K for the fiscal year ended December 31, 2007, nor future quarterly or annual report filings would provide meaningful information to MZT Holdings’ stockholders or the investing public that could not be provided in other, less expensive ways.
 
To that end, MZT Holdings intends to continue to file Current Reports on Form 8-K upon the occurrence of any events that are material to MZT Holdings, including the making of any distribution payments or the final dissolution of MZT Holdings.  In addition, in lieu of filing an Annual Report on Form 10-K for the fiscal year ended December 31, 2007 or making future quarterly or annual report filings, MZT Holdings intends to file Current Reports on Form 8-K following the conclusion of each fiscal quarter that will contain statements of MZT Holdings’ assets and liabilities as of the last day of such fiscal quarter, which statements will be prepared by MZT Holdings’ management; subjected to certain attest procedures by a certified public accounting firm, conducted in accordance with the attestation standards established by the American Institute of Certified Public Accountants; and covered by a report of agreed-upon procedures from a certified public accounting firm.  MZT Holdings intends to file the first of these asset and liability statements for the fiscal quarter ended December 31, 2007 not later than April 30, 2008 and will continue to make these filings within 45 days of the end of each
 
 
 

 
subsequent fiscal quarter until MZT Holdings has made a final distribution to its stockholders of record as of April 4, 2008.
 
Statement under the Private Securities Litigation Reform Act
 
This press release may contain forward-looking statements within the meaning of the federal securities laws, including statements regarding the amounts available for distribution to holders of MZT Holdings’ common stock and MZT Holdings’ expected timing to make distributions to its stockholders, as well as statements related to MZT Holdings’ intention to make and not to make certain filings with the Securities and Exchange Commission in the future.  These statements reflect MZT Holdings’ current expectations with respect to future events and are based on its management’s current assumptions and information currently available.  Actual results may differ materially.  There can be no assurance that MZT Holdings’ expectations will be achieved.  Please refer to the risk factors detailed in MZT Holdings’ periodic reports and registration statements as filed with the Securities and Exchange Commission, as well as in MZT Holdings’ definitive proxy statement filed on November 14, 2007.  These forward-looking statements are neither promises nor guarantees.  Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MZT Holdings undertakes no responsibility to revise or update any such forward-looking information.
 
Contact:
 
MZT Holdings, Inc.
Craig Jalbert, (508) 203-4286
President
-----END PRIVACY-ENHANCED MESSAGE-----