-----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, OiyIg5ynqb84njf8/lAwkKjr3upL4heiL9xGHU/sTK2mOwFZK21BajFPGNMQC3ve 88GmNiAiNucsVb5RHarpuQ== 0000700945-99-000006.txt : 19991018 0000700945-99-000006.hdr.sgml : 19991018 ACCESSION NUMBER: 0000700945-99-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990924 ITEM INFORMATION: FILED AS OF DATE: 19991001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GISH BIOMEDICAL INC CENTRAL INDEX KEY: 0000700945 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 953046028 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-10728 FILM NUMBER: 99721480 BUSINESS ADDRESS: STREET 1: 2681 KELVIN AVE CITY: IRVINE STATE: CA ZIP: 92714 BUSINESS PHONE: 9497565485 MAIL ADDRESS: STREET 1: 2681 KELVIN AVE CITY: IRVINE STATE: CA ZIP: 92714 8-K 1 ITEM 5 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) September 24, 1999 GISH BIOMEDICAL, INC. (Exact name of registrant as specified in its charter) California (State of other jurisdiction of incorporation or organization) 0-10728 95-3046028 (Commission File Number) (I.R.S. Employer Identification Number) 2681 Kelvin Avenue Irvine, California 92614 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (949) 756-5485 Item 5. Other Events On September 24, 1999, the Company announced a 23 percent reduction in its work force, with the objective of reducing operating costs. Severance costs related to the reduction in personnel of approximately $100,000 are expected to be charged to operations in the quarter ending September 30, 1999. Item 7. Exhibits Exhibit No. Description - ---------- ----------- 99.1 Press Release Dated September 24, 1999 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. Gish Biomedical, Inc. ----------------------------- (Registrant) By /s/ JAMES R. TALEVICH ----------------------------- James R. Talevich Vice President/CFO Date September 30, 1999 ----------------------------- EX-99 2 PRESS RELEASE EXHIBIT 99.1 PRESS RELEASE DATED SEPTEMBER 24, 1999 GISH BIOMEDICAL ANNOUNCES STREAMLINING OF WORK FORCE Irvine, California-September 24, 1999-The Board of Directors of Gish Biomedical, Inc. (Nasdaq:GISH) today announced a 23% reduction in its work force. The Company is continuing to evaluate all possible further cost savings measures. These moves are steps to increase Gish's competitive position in the marketplace and to decrease its overhead and production costs. Severance costs related to the reduction in personnel of approximately $100,000 are expected to be charged to operations in the quarter ending September 30, 1999. Gish Biomedical designs and manufactures disposable medical devices for various surgical specialties including cardiovascular surgery, orthopedics, and oncology. Currently there are 3,473,862 shares of Gish's common stock outstanding. This news release contains forward-looking statements concerning the Company's business and products. Actual results may differ materially depending on a number of risk factors, including the impact of competition, downward pricing pressures in the relevant markets, risks related to product performance and the risks relating to consumer acceptance of the Company's products. These and other risks inherent in the Company's business are described in the Company's Securities and Exchange Commission filings, including its Annual Report on Form 10-K. The Company undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. -----END PRIVACY-ENHANCED MESSAGE-----