0001068874-16-000133.txt : 20161201 0001068874-16-000133.hdr.sgml : 20161201 20161201124454 ACCESSION NUMBER: 0001068874-16-000133 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161201 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20161201 DATE AS OF CHANGE: 20161201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMPLANT SCIENCES CORP CENTRAL INDEX KEY: 0001068874 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 042837126 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14949 FILM NUMBER: 162027570 BUSINESS ADDRESS: STREET 1: 107 AUDUBON ROAD #5 CITY: WAKEFIELD STATE: MA ZIP: 01880-1246 BUSINESS PHONE: 7812460700 MAIL ADDRESS: STREET 1: 107 AUDUBON ROAD, #5 CITY: WAKEFIELD STATE: MA ZIP: 01880 8-K 1 imsc161201_8k.htm 161201 IMSC FORM 8-K Converted by EDGARwiz


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):  December 1, 2016 (November 21, 2016)



IMPLANT SCIENCES CORPORATION

(Exact name of Registrant as Specified in its Charter)


MASSACHUSETTS

(State or Other Jurisdiction of Incorporation)

 

001-14949

 

04-2837126

(Commission File Number)

 

(I.R.S. Employer Identification Number)


500 Research Drive, Unit 3

Wilmington, Massachusetts 01887

 (Address of Principal Executive Offices, including Zip Code)


(978) 752-1700

(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 to the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17   CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 1.02 Termination of a Material Definitive Agreement.

On November 21, 2016, the Letter of Intent, dated July 18, 2016 (the “LOI”), between Implant Sciences Corporation (the “Company”) and Zapata Industries SAS (“Zapata”) was terminated.  The terms of the LOI were previously disclosed by the Company in a current report on Form 8-K filed by the Company on July 22, 2016.  The Company disputes any payment obligations it may have to Zapata in connection with the LOI or the termination thereof.







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.



IMPLANT SCIENCES CORPORATION



By:   /s/ Roger P. Deschenes

        

        Name:  Roger P. Deschenes

        Title: Vice President, Finance and Chief Financial Officer



Date:  December 1, 2016