-----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, BwfaGKKaLcu51NmDidAeNaZGHn4DhBLMTKSm8SYX/eB/64WAnrl8HtZvLfAgsj0g 3hK+6bFto295SSW4xzZMaA== 0000924921-99-000001.txt : 19990210 0000924921-99-000001.hdr.sgml : 19990210 ACCESSION NUMBER: 0000924921-99-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990209 ITEM INFORMATION: FILED AS OF DATE: 19990209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TECHNICAL CHEMICALS & PRODUCTS INC CENTRAL INDEX KEY: 0000924921 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 650308922 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25406 FILM NUMBER: 99524632 BUSINESS ADDRESS: STREET 1: 3341 SW 15TH ST CITY: POMPANO BEACH STATE: FL ZIP: 33069 BUSINESS PHONE: 3059790400 MAIL ADDRESS: STREET 1: PO BOX 9748 CITY: FT LAUDERDALE STATE: FL ZIP: 33310 8-K 1 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 30, 1998 TECHNICAL CHEMICALS AND PRODUCTS, INC. (Exact name of registrant as specified in its charter) Florida 0-25406 65-0308922 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 3341 S.W. 15th Street Pompano Beach, Florida 33069 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: 954/979-0400 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events On December 30, 1998, a jury sitting in the Circuit Court of the 17th Judicial Circuit in and for Broward County, Florida returned a verdict in an action styled Dr. Joseph D'Angelo, Americare Transtech, Inc., Americare Biologicals, Inc. and International Medical Associates, Inc. v. Technical Chemicals & Products, Inc., Jack Aronowitz, Henry Schur, Analyte Diagnostics, Inc., John Faro, Simplex Medical Systems, Inc. and Nicholas Levandoski. The lawsuit relates to saliva collector technology for an HIV diagnostic test in which the plaintiffs alleged, among other things, claims for intentional interference with the plaintiffs' business relationships and misappropriation of trade secrets against Technical Chemicals & Products, Inc., a Florida corporation (the "Registrant"), the Registrant's Chairman and Chief Executive Officer, Jack Aronowitz, and other unrelated corporate and individual defendants. In its verdict, the jury found that the Registrant did not misappropriate the plaintiffs' trade secrets but found that Mr. Aronowitz had misappropriated such trade secrets and awarded only Americare Biologicals, Inc. damages of $500,000 against him, individually. Additionally, the jury found that both the Registrant and Mr. Aronowitz intentionally interfered with the plaintiffs' business relationships. The jury awarded only Americare Biologicals, Inc. approximately $328,000 in damages against the Registrant in connection with this second claim but awarded no damages against Mr. Aronowitz, individually, in connection with that claim. Separately, the jury awarded approximately $4 million in damages against the other unrelated corporate and individual defendants. A judgement was entered by the trial court in accordance with the verdict on January 28, 1999. On January 29, 1999 the Registrant filed a Notice of Appeal seeking to have the verdicts against both the Registrant and Mr. Aronowitz set aside. In the event that Mr. Aronowitz is ultimately required to pay damages to the plaintiffs, the Registrant will indemnify Mr. Aronowitz to the extent permitted by law. The Registrant has obtained an appeal bond staying enforment of the Judgement against the Registrant and Mr. Aronowitz until such time as to the Appellate Court issues its ruling. 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, thereunto duly authorized. Dated: February 9, 1999 TECHNICAL CHEMICALS & PRODUCTS, INC. By:/s/ -------------------------------- Stuart Streger Vice President, Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----