0001415889-12-000094.txt : 20120124 0001415889-12-000094.hdr.sgml : 20120124 20120124135444 ACCESSION NUMBER: 0001415889-12-000094 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120122 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120124 DATE AS OF CHANGE: 20120124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ChromaDex Corp. CENTRAL INDEX KEY: 0001386570 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 262940963 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53290 FILM NUMBER: 12541641 BUSINESS ADDRESS: STREET 1: 10005 MUIRLANDS BLVD. STREET 2: STE. G, FIRST FLOOR CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 949-419-0288 MAIL ADDRESS: STREET 1: 10005 MUIRLANDS BLVD. STREET 2: STE. G, FIRST FLOOR CITY: IRVINE STATE: CA ZIP: 92618 FORMER COMPANY: FORMER CONFORMED NAME: CODY RESOURCES, INC. DATE OF NAME CHANGE: 20070112 8-K 1 cdx8k.htm FORM 8-K cdx8k.htm
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) January 22, 2012

CHROMADEX CORP.
 (Exact name of registrant as specified in its charter)

Delaware
000-53290
26-2940963
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

10005 Muirlands Boulevard, Suite G, Irvine, California, 92618
(Address of principal executive offices, including zip code)

(949) 419-0288
 (Registrant's telephone number, including area code)

Copies to:
Harvey Kesner, Esq.
Henry Nisser, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor
New York, New York 10006
Phone: (212) 930-9700

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:

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))

 
 

 


FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to (i) securing capital for general working purposes, and (ii) other risks and in statements filed from time to time with the Securities and Exchange Commission (the “SEC”). All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to, and will not, update any forward-looking statements to reflect events or circumstances after the date hereof.

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 23, 2012, ChromaDex Corp (the “Company”) announced that Jeffrey Himmel will join the Company as its Chief Executive Officer, effective immediately. The role of Chief Executive Officer was previously held by Frank Jaksch, Jr., a member of the Company’s Board of Directors (the “Board”).  In connection with the appointment of Mr. Himmel as the Company’s Chief Executive Officer, Mr. Jaksch was appointed as its Chief Scientific Officer.  Mr. Jaksch will remain a member of the Board.

Mr. Himmel, age 58, is the former Chairman of The Himmel Group. The Himmel Group has built branded consumer products in a range of consumer packaged goods areas including personal health care and nutritional foods, most recently OVALTINE, under license from Novartis Nutrition, until the brand was sold to Nestle in 2007, and GOLD BOND MEDICATED POWDER, a line of medicated skin care products which Himmel built from a small New England brand with sales of $1 million into the market leader in the U.S., when it was then sold to Chattem, Inc.

Mr. Himmel is a former member of the board of directors of The Wharton School at the University of Pennsylvania Undergraduate Executive Board (1999-2010), and is a member of the board of directors of The Consumer Healthcare Products Association, the industry trade organization for the over-the-counter pharmaceutical and dietary supplements industries, a member of its Finance Committee, and Chairman of its Audit Committee (1991-Present). He received a B.S. in Economics from the Wharton School of Finance and Commerce at the University of Pennsylvania (1975), a Master of Science in Taxation from Bentley College (1978), and is a former member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.

There are no arrangements or understandings between Mr. Himmel and any other persons pursuant to which Mr. Himmel was named the Chief Executive Officer of the Company. Mr. Himmel does not have a family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer.

Other than as set forth herein, Mr. Himmel does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.

Item 9.01           Financial Statements and Exhibits

(c)          Exhibits.

Exhibit No.
 
Description
     
99.1
 
Press Release

 
 
 

 
 
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: January 24, 2012
 
  CHROMADEX CORP.
 
 
By:          /s/ Thomas Varvaro
Name:     Thomas Varvaro
Title:      Chief Financial Officer
EX-99.1 2 ex991.htm PRESS RELEASE ex991.htm
Exhibit 99.1

IRVINE, Calif., Jan. 23, 2012 -- /PRNewswire/ -- ChromaDex Corporation (OTCBB: CDXC), an innovative natural products company that provides proprietary, science-based solutions and ingredients to the dietary supplement, food & beverage, cosmetic and pharmaceutical industries and marketer of BluScience (www.bluscience.com), its recently launched line of dietary supplements, announced today that Jeffrey Himmel has been named CEO. The Company's previous CEO, Frank Jaksch, will immediately assume the position of Chief Scientific Officer and remain on the company's Board of Directors.

In connection with his employment, Mr. Himmel also has agreed to invest $1,000,000 into ChromaDex.

Commenting on the announcement, investor Dr. Phillip Frost, who beneficially owns approximately 19% of ChromaDex, stated, "I am thrilled to see Jeff Himmel join ChromaDex as CEO.  Having personally known Jeff for more than 20 years, I have great respect for both his enormous success in the consumer healthcare products area as well as his incredible drive as a business executive. The timing of bringing Jeff on-board could not be better as ChromaDex is just beginning the national retail launch of its innovative BluScience line of dietary supplements.  I have complete confidence that he is the right person to build ChromaDex into a world-class healthcare company. Moreover, his decision to invest $1 million into the Company clearly demonstrates his enthusiasm for the prospects of the company."

Mr. Himmel commented, "After an exhaustive review of the IP, product pipeline and current positioning of ChromaDex, I believe the critical pieces are in place to build the Company into a very significant enterprise. I am particularly excited about the immediate prospects for both its BluScience line of dietary supplements and its branded patent-pending pterostilbene, pTeroPure. We will support BluScience with consumer advertising and continue to invest in clinical research to substantiate its important health benefits.  In the same way that GOLD BOND became the gold standard in medicated skin care, my vision is for ChromaDex to become the gold standard in healthcare. I look forward to working closely with Frank Jaksch, Bill Spengler and the entire team at ChromaDex."

William Spengler, who will continue as President and COO of ChromaDex, commented "Jeff brings an exceptional track record to ChromaDex and is a renowned figure in the consumer healthcare products area.  Simply put, adding Jeff as CEO is a coup for ChromaDex and its shareholders.  I look forward to working side-by-side with him."

Mr. Himmel, age 58, is the former Chairman of The Himmel Group. Over the past 50 years, spanning two generations, The Himmel Group has built branded consumer products in a range of consumer packaged goods areas including personal health care and nutritional foods, most recently OVALTINE, under license from Novartis Nutrition, until the brand was sold to Nestle in 2007, and GOLD BOND MEDICATED POWDER, a line of medicated skin care products which Himmel built from a small New England brand with sales of $1 million into the market leader in the U.S., when it was then sold to Chattem, Inc. Additional information on The Himmel Group and its brand branding experience are contained on its website at www.himmelgroup.com.

From 1987 to 1990, Mr. Himmel was a managing director of Rothschild Inc., where he worked with the famed investor, Wilbur Ross, as a financial advisor to unsecured creditors and security holders, restructuring troubled companies. From 1983 to 1986, he was Vice Chairman and Executive Vice President of Jeffrey Martin, Inc., an over-the-counter pharmaceutical company founded by his father, Martin Himmel.

Mr. Himmel is a former member of the board of directors of The Wharton School at the University of Pennsylvania Undergraduate Executive Board (1999-2010), and is a member of the board of directors of The Consumer Healthcare Products Association, the industry trade organization for the over-the-counter pharmaceutical and dietary supplements industries, a member of its Finance Committee, and Chairman of its Audit Committee (1991-Present). He received a B.S. in Economics from the Wharton School of Finance and Commerce at the University of Pennsylvania (1975), a Master of Science in Taxation from Bentley College (1978), and is a former member of the American Institute of Certified Public Accountants (AICPA) and New York State Society of Certified Public Accountants.

 
 

 
 
About The Frost Group:
The Frost Group has invested more than $175 million in companies and technologies since it started in 2006. Dr. Phillip Frost is Chairman of Israel-based Teva Pharmaceuticals; Chairman of Ladenburg Thalmann Financial Services, Inc.; Chairman of OPKO Health, Inc.; and, Chairman of PROLOR Biotech, Inc.

About ChromaDex:
ChromaDex, Inc. is an innovative natural products company that provides proprietary, science-based solutions and ingredients to the dietary supplement, food & beverage, cosmetic and pharmaceutical industries.  The company has an expanding pipeline of new ingredients, including its branded pTeroPure pterostilbene for which it has worldwide, exclusive patent pending rights. The company recently launched its BluScience line of dietary supplements. Capitalizing on the diverse potential applications of the product, ChromaDex is also developing pTeroPure for the skincare and pharmaceutical markets, among others. pTeroPure is currently being studied in a human clinical trial at the University of Mississippi.  For more information about pTeroPure visit www.pteropure.com or call 949-600-9694.

Forward-Looking Statements:
Any statements that are not historical facts contained in this release are forward-looking statements. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements involve risks and uncertainties, including but not limited to those relating to product and customer demand, market acceptance of our products, the effect of economic conditions both nationally and internationally, ability to protect our intellectual property rights, impact of any litigation or infringement actions brought against us, competition from other providers and products, risks in product development, our ability to raise capital to fund continuing operations, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made except as required by law.

Investor Contact: Liviakis Financial Communications, Inc. John M. Liviakis, President  415-389-4670 John@Liviakis.com

Institutions and Analysts Contact: The Del Mar Consulting Group, Inc. Robert B. Prag, President  858-794-9500 bprag@delmarconsulting.com

ChromaDex / BluScience Contact: Jeffrey Himmel, CEO  949-419-0288 jsh@chromadex.com

SOURCE ChromaDex Corporation