0000739944-12-000036.txt : 20120702 0000739944-12-000036.hdr.sgml : 20120702 20120702155216 ACCESSION NUMBER: 0000739944-12-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120702 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120702 DATE AS OF CHANGE: 20120702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDTOX SCIENTIFIC INC CENTRAL INDEX KEY: 0000739944 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 953863205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11394 FILM NUMBER: 12940320 BUSINESS ADDRESS: STREET 1: 402 WEST COUNTY ROAD D CITY: ST PAUL STATE: MN ZIP: 55112 BUSINESS PHONE: 6126367466 MAIL ADDRESS: STREET 1: 402 WEST COUNTY ROAD D CITY: ST PAUL STATE: MN ZIP: 55112 FORMER COMPANY: FORMER CONFORMED NAME: EDITEK INC DATE OF NAME CHANGE: 19940902 FORMER COMPANY: FORMER CONFORMED NAME: ENVIRONMENTAL DIAGNOSTICS INC DATE OF NAME CHANGE: 19920703 8-K 1 form8-k070212.htm 8-K form8-k070212.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): July 2, 2012
 

MEDTOX SCIENTIFIC, INC.
 (Exact name of registrant as specified in its charter)
 

         
Delaware
 
1-11394
 
95-3863205
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 

 
     
402 West County Road D, St. Paul, Minnesota
 
55112
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (651) 636-7466
 

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:
 
¨
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 1.01.                      Entry into a Material Definitive Agreement
 
On July 2, 2012, MEDTOX Laboratories, Inc., a wholly owned subsidiary of MEDTOX Scientific, Inc. (the "Company"), entered into a Second Amendment of Lease (“Second Amendment”) to the Commercial Lease ("Commercial Lease") dated July 28, 2000 and as amended on May 25, 2007, with St. Paul Properties, Inc. (“Lessor”).  The Second Amendment, effective as of August 31, 2012, extends the term of the lease to August 31, 2013 and provides for annual base rent rate of $154,500 per year for the period ending August 31, 2013.  The Amendment is filed herewith as Exhibit 10.1 and is incorporated herein by reference.


Item 9.01.                      Financial Statements and Exhibits.
 
 
(c)
Exhibits.
 
The following exhibit is filed as part of this report:
 
     
Exhibit No.
 
Description
10.1
 
Amendment of Lease dated July 2, 2012
     
     



 
- 2-

 


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.


MEDTOX Scientific, Inc.




Date:  July 2, 2012                                                                                By:        /s/ Richard J. Braun                           
Name:  Richard J. Braun
Title:    Chief Executive Officer


 
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INDEX TO EXHIBITS

 
     
Exhibit No.
 
Description
10.1
 
Amendment of Lease dated July 2, 2012
     
     


- 4 -


EX-99.1 2 ex99-1070212.htm EXHIBIT 99.1 ex99-1070212.htm


Exhibit 99.1
SECOND AMENDMENT OF LEASE

DATE:                      July 2, 2012

BETWEEN:
ST. PAUL FIRE AND MARINE INSURANCE COMPANY, a Connecticut corporation, as successor by merger to St. Paul Properties, Inc., a Delaware corporation (“Lessor”)

AND:                      Medtox Laboratories, Inc. a Delaware corporation (“Lessee”)


LESSOR and LESSEE hereby agree as follows:

1                      In this Second Amendment of Lease:

 
a)
"Premises" means that certain real property located in the City of Roseville, County of Ramsey and State of Minnesota.

 
b)
"Building" means that certain building containing approximately 48,000 square feet located upon the Premises and commonly described as 2021-2033 County Road C2 West.

 
c)
"Demised Premises" means that certain portion of the Building, located at 2033 County Road C2 West consisting of approximately 30,000 square feet as set out in the Lease.

 
d)
"Lease" means the Lease between Lessor and Lessee, dated July 28, 2000 as amended by the Amendment of Lease dated May 25, 2007 covering the Demised Premises.

 
e)
"Second Amendment Date" means the 31st day of August, 2012.


2
Effective on the Second Amendment Date, the definition of "Term" as described in the Lease is deleted, and the following is substituted therefore:

Term:

"For and in consideration of the rents, additional rents, terms, provisions and covenants herein contained, Lessor hereby lets, leases and demises to Lessee the Demised Premises for the term of 156 months, commencing on the 1st day of September, 2000 (sometimes called the "Commencement Date"), and expiring the 31st day of August, 2013 (sometimes called the "Expiration Date"), unless sooner terminated as hereinafter provided."

3
Effective on the Second Amendment Date, the following shall be added to Article 2 of the Lease, Base Rent:

September 1, 2012 through August 31, 2013 the monthly Base Rent shall be Twelve Thousand Eight Hundred Seventy-five and No/100 Dollars ($12,875.00), calculated at an annual rate of $5.15 per square foot.

Except as specifically provided herein, the terms and conditions of the Lease are confirmed and continued in full force and effect.

This Second Amendment of Lease shall be binding on the heirs, administrators, successors and assigns (as the case may be) of the parties hereto.

 
 

 

IN WITNESS OF THIS SECOND AMENDMENT OF LEASE, Lessor and Lessee have properly executed it as of the date set out on page one.


Lessor
ST. PAUL FIRE AND MARINE INSURANCE COMPANY, a Connecticut corporation, as successor by merger to St. Paul Properties, Inc., a Delaware corporation
 
Lessee
MEDTOX LABORATORIES, INC. a Delaware corporation
By:
/s/ R. William Inserra
 
By:
/s/ Kevin J. Wiersma
 
R. William Inserra
   
Kevin J. Wiersma
Its:
Vice President - Asset Management
 
Its:
Vice President and CFO
Date:
July 2, 2012
 
Date:
July 2, 2012