0001188112-13-001187.txt : 20130425 0001188112-13-001187.hdr.sgml : 20130425 20130425170032 ACCESSION NUMBER: 0001188112-13-001187 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130423 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: 20130425 DATE AS OF CHANGE: 20130425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACETO CORP CENTRAL INDEX KEY: 0000002034 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 111720520 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04217 FILM NUMBER: 13783629 BUSINESS ADDRESS: STREET 1: 4 TRI HARBOR COURT CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5166276000 MAIL ADDRESS: STREET 1: 4 TRI HARBOR COURT CITY: PORT WASHINGTON STATE: NY ZIP: 11050 FORMER COMPANY: FORMER CONFORMED NAME: ACETO CHEMICAL CO INC DATE OF NAME CHANGE: 19851203 8-K 1 t76312_8k.htm FORM 8-K t76312_8k.htm


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):  April 23, 2013

Aceto Corporation

(Exact Name of Registrant as Specified in its Charter)


New York
000-04217
11-1720520
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 

 

4 Tri Harbor Court, Port Washington, NY 11050

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code:  (516) 627-6000



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 240.14-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13-e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
   
 
On April 23, 2013, Ronald Gold, President and Chief Operating Officer of Rising Pharmaceuticals Inc. (“Rising”), a wholly-owned subsidiary of Aceto Corporation (the “Company”) and David B. Rosen, Senior Vice President of Rising, informed the Company that they do not intend to remain employed with Rising subsequent to December 31, 2013, the expiration date of the three-year employment agreements entered into when they sold substantially all of the assets of their privately-owned entity to Rising.  Messrs. Gold and Rosen are actively assisting the Company with a transition plan.
   
 
The press release related to this matter is furnished as an exhibit to this report.
   
   
Item 9.01 Financial Statements and Exhibits
   
 
 
(d) Exhibits  
   
Exhibit No. Description
   
99.1  Press Release dated April 24, 2013


                                       

                    
 
 

 
 
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.
 
 
ACETO CORPORATION
 
       
       
Date: April 25, 2013
By:
/s/ Salvatore Guccione  
   
Salvatore Guccione
 
   
President and Chief Executive Officer
 
       
EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm

Exhibit 99.1
 
GRAPHIC
 
      ACETO Corporation
      4 Tri Harbor Court
      Port Washington, NY 11050
 
 “Sourcing and Supplying Quality Products Worldwide”     NEWS RELEASE
 
          
                                                                                                                FOR IMMEDIATE RELEASE
 
 
ACETO Announces Management Transition at its Rising Pharmaceuticals Subsidiary
 
Port Washington, NY – April 24, 2013 - (GLOBE NEWSWIRE) -- ACETO Corporation (Nasdaq:ACET), a global leader in the marketing, sale and distribution of products for Human Health, Pharmaceutical Ingredients and Performance Chemicals, announced today that Ronald Gold and David Rosen, former owners of the Rising Pharmaceuticals business acquired by ACETO in December 2010,  informed the Company that they intend to pursue other opportunities apart from ACETO upon the expiration of their three-year employment agreements on December 31, 2013.

Sal Guccione, Chief Executive Officer of ACETO, stated, “Since the closing of the Rising acquisition, the Company has considered the potential need for succession planning, and bolstered Rising’s finance, business development, planning and management activities with support from key ACETO executives. In addition, the Company has been in the midst of a recruiting process and we expect to secure a successor for Ron Gold in the near future. In the meantime, Ron and Dave will continue to manage Rising as they have done since the December, 2010 acquisition, and will also assist with the management transition. I thank them for their service to ACETO and wish them well in their future endeavors.”

Ronald Gold, the President of Rising and the principal owner of the business acquired by ACETO, stated, “Dave and I have very much enjoyed our tenure with ACETO. I am pleased that Rising has become an important contributor to the Company. Dave and I are committed to assisting with the transition of new management at Rising, and we wish all good things for ACETO.”

Albert Eilender, Chairman of ACETO, commented, “The acquisition and integration of Rising continues to be a tremendous success for ACETO. Ron, Dave and the Rising team have delivered excellent results. We at ACETO wish them success in whatever avenues they choose to pursue in the future.”

ABOUT ACETO

ACETO Corporation, incorporated in 1947, is a global leader in the marketing, sale and distribution of products for Human Health (finished dosage form generics and nutraceutical products), Pharmaceutical Ingredients (pharmaceutical intermediates and active pharmaceutical ingredients) and Performance Chemicals (specialty chemicals and agricultural protection products).  With business operations in nine countries, ACETO distributes over 1,100 chemical compounds used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical industries.  ACETO’s global operations, including a staff of 26 in China and 12 in India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities.
 
 
 

 
 
This news release contains forward-looking statements as that term is defined in the federal securities laws. To the extent any statements made in this news release contain information that is not historical, these statements are essentially forward-looking and as such, are subject to known and unknown risks, uncertainties and contingencies, many of which are beyond the control of the Company, which could cause actual results and outcomes to differ materially from those expressed herein. Factors that could cause actual results to differ materially from those set forth or implied by any forward-looking statement include, but are not limited to, risks and uncertainties discussed in ACETO’s reports filed with the Securities and Exchange Commission, including, but not limited to, ACETO’s Annual Report or Form 10-K for the fiscal year ended June 30, 2012 and other filings. Copies of these filings are available at www.sec.gov. ACETO undertakes no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise.

Investor Relations Contact:
Stephanie Carrington
The Ruth Group
(646) 536-7017
scarrington@theruthgroup.com


GRAPHIC 3 img001.jpg GRAPHIC begin 644 img001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_X0!:17AI9@``34T`*@````@`!0,!``4` M```!````2@,#``$````!`````%$0``$````!`0```%$1``0````!`````%$2 M``0````!`````````````8:@``"QC__;`$,`"`8&!P8%"`<'!PD)"`H,%`T, M"PL,&1(3#Q0=&A\>'1H<'"`D+B<@(BPC'!PH-RDL,#$T-#0?)SD].#(\+C,T M,O_;`$,!"0D)#`L,&`T-&#(A'"$R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,O_``!$(`'``AP,!(@`"$0$#$0'_ MQ``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_Q`"U$``"`0,#`@0# M!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*" M"0H6%Q@9&B4F)R@I*C0U-C+CY.7FY^CIZO'R\_3U]O?X^?K_Q``?`0`#`0$! M`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($!`,$!P4$!``!`G<` M`0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B7J" M@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(RKR\_3U]O?X^?K_V@`,`P$``A$#$0`_`/?Z***` M`TF:#4%V'-N^QBK`9&*SJ3<(N25[#2NR?=1FN7_M";_GJ_YT?VA-_P`]G_.O MG?\`6:C_`",Z?JLSJ-V:7-<[9WLLEW&IE8@GIFN@[5ZV`S"&-@YQ5K&-2FZ; MLQ2<49'K6;JMTT"(J,0Q/./2LO[?-_SV?\ZX\;GE'"U72:;:*A0E-71TQ;%& MZN9^W3?\]G_.MNQ240!I68LW.">E:8#-XXRHX0@U;J*I1<%J7**3/%,FE2*, MNYPHKUI245S-Z&6H\F@'-8%QJ,LLI*.50=`.*OZ7*\L4A=BQ![FO)PVP9!32<4ZF$9S28%>VO$N&91PRD@BK!&01ZUQHOGM; M]W0\ASQZC-=;:7"W5NLJJR@]FE9;C_K*<)_%$Z*]!TK/N]=9J>BQ:E-&[R,FP$';CD5`GAG3U^\LK?5_\*\;$9!5G6DX6Y7L M=M/&4E32E>YBZ9/NU*`9ZM7:9K,AT+3X)5ECA8.IR"9&/]:T60LI&<9'6O9R MO!3P=.496;>IQXJK&K)..QR>IWOGWKX^ZIVBJGF^]:=QX8F+%H;A6]G&/U'^ M%93Z7?1W20O`WSG`8_I6.01_VQ/R8\7"U(VZ***^^ M/+"FD4ZDQ28&98Z+;VTSS./,E8DY8=.<\"M/`%'2D+`I[/FOJ_P!XP_%F MY[:3'_W_`/\`[&NS\*^)8_$NGM<"+R98VV2)G(!^M>#5UG@'7CI&N+;R/BWN MR$;/0-VK.E7DY>]L=>8Y-0CAW.A&S6N[/;#TXKC=9U">>[:-U:-$Z(?YFNQ' M-9VKZ5'?V[$+B91\C#^599IAJF(H.--V_4^8PE2-.HG-'&^91YE0O%/'.T!C M;S5."H&36G9:!?71#2#R$]7ZG\*^-IX*K4GRQCJ>[.=*"YI2*7F5U'AG<;24 MD$`OQ^536GAVRMP"Z><_@KZ/*\HGAJGM:C5^QY6+Q<*D> M2"'T445]">>%%%%`"$X%87BW68]%T*>X+`2NI2(9Y+'I6ZW2O&OB3K*ZCKB6 M<39AM%(/H7/7\NGYUG5GR1N=^6X3ZSB%%[+5G%DDDEN3WI4`+J&8*">6/:H) M;@1,`5+9Y)]!2R3A-@5=Y?H,XKD6'J.SMN?-XR:-XR\,:1I%K M8I?DB%`I/DOR>Y^[2ZQXQ\+:QI=Q92WS;95P/W+\'L?NUXS),8HM[)@YQC/] M:42EHMZJ"?0&M[U.5::;'A?V;@_:WYWS?%_6A,P`<@-N`/!'>A6*,&4X8'(- M5UN"8C(R;5`R,'.:$N"7573:6&1SFL?JU57=MCVECL.TE??R9]`^$=<77=#C MN"0)D^24`]&%;U>,_#O7QIFKFRE/[J\(`.>CCI^=>R@UU4I<\;GQ>9X7ZMB' M!;/5#/)B64RB-1(W5L M/%XA4>2R8ZM#D5[FG1117T1SA2$TM-.>:`,KQ)J\6BZ'= MY6['VN183V5!U9+67Y##"CM_JPS-QTSFG?9SG/#.D2Z/:W4'V*WM5:9FC$11)<#[JKT/`Z\GO MGOTI;*6_;3M][#$MV-W[N)OE[XY/X5?V^U&/:B_D38SX9+^73,S1117NT_(& MW+N[6T<[!U+C<4"_WB,'-;>*,4.SW1492@^:+LSA; MWP!I:7$0M=+5XR1O+3OQSS_&,<<]#4C>";/3]5L[C3--C98W5G:2XDW*<]1\ MV.!7:D`=:R]7U>*PB**09V'RKZ>YK&K4I48.BN>OA:5= M6J*YI3JSIN\6O\`QS_Z]3+X=*_\O'_CG_UZWJ*Y'D^#>\#1XJJ] MV8RZ&5_Y;_\`CO\`]>KUG:&U5ANW9.