-----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, QVzzeyiyijoRGERUvLffW3K2BLYp9XdB8gV8Wf16YaLr47VgcSaUe2wElE82cqzu 0x43e0uXnsfA6KLY2Co7+A== 0001193125-07-272819.txt : 20071228 0001193125-07-272819.hdr.sgml : 20071228 20071228141904 ACCESSION NUMBER: 0001193125-07-272819 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071130 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACTION PRODUCTS INTERNATIONAL INC CENTRAL INDEX KEY: 0000747435 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 592095427 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13118 FILM NUMBER: 071331451 BUSINESS ADDRESS: STREET 1: 1101 NORTH KELLER RD CITY: ORLANDO STATE: FL ZIP: 32810 BUSINESS PHONE: 4074818007 MAIL ADDRESS: STREET 1: 1101 NORTH KELLER RD CITY: ORLANDO STATE: FL ZIP: 32810 FORMER COMPANY: FORMER CONFORMED NAME: ACTION PACKETS INC DATE OF NAME CHANGE: 19880818 8-K 1 d8k.htm FORM 8-K Form 8-K

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): November 30, 2007

 


Action Products International, Inc.

(Exact name of registrant as specified in its charter)

 


 

Florida   001-13118   59-2095427
(State of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

1101 N. Keller Road, Suite E

Orlando, Florida 32810

(Address of principal executive office, including zip code)

(407) 481-8007

(Telephone number, including area code)

 


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 8.01 Other Events.

In November 2006, a final judgment, in the amount of $5.1 million, bearing interest at 9% annually, was entered in favor of Action Products International, Inc. in the Circuit Court for Alachua County, Florida, in a civil lawsuit against defendants Kid Galaxy, Inc. and its parent company Lung Cheong International Holdings Ltd., and Timothy L. Young. The Court has received $6.1 million in escrow from defendants. The defendants appealed the Court’s ruling.

On November 30, 2007, the First District State Court of Appeal filed its opinion affirming the judgment. A copy of the opinion is annexed as Exhibit 99.1 to this Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Financial Statements of Business Acquired: None

 

(b) Pro Forma Financial Information: None

 

(c) Exhibits:

 

Exhibit No.

 

Description

99.1

  Per Curiam Opinion of District Court of Appeal, First District, State of Florida dated November 30, 2007.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

ACTION PRODUCTS INTERNATIONAL, INC.
By:  

/s/ RONALD S. KAPLAN

  Ronald S. Kaplan
  Chief Executive Officer
  Date: December 28, 2007

 

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EX-99.1 2 dex991.htm PER CURIAM OPINION OF DISTRICT COURT OF APPEAL, FIRST DISTRICT, STATE OF FLORIDA Per Curiam Opinion of District Court of Appeal, First District, State of Florida

Exhibit 99.1

 

   IN THE DISTRICT COURT OF APPEAL
   FIRST DISTRICT, STATE OF FLORIDA
LUNG CHEONG    NOT FINAL UNTIL TIME EXPIRES TO
INTERNATIONAL HOLDINGS    FILE MOTION FOR REHEARING AND
LIMITED, TIMOTHY YOUNG and    DISPOSITION THEREOF IF FILED
KID GALAXY, INC., f/k/a LC   
ACQUISITION CORP.,    CASE NO. 1D06-6327

Appellants,

v.

ACTION PRODUCTS

INTERNATIONAL, INC.,

Appellee.

Opinion filed November 30, 2007.

An appeal from the Circuit Court for Alachua County.

Toby S. Monaco, Judge

Janet M. Courtney and H. Gregory McNeill of Lowndes, Drosdick, Doster, Kantor & Reed, P.A., Orlando, and Paul F. Hancock, Jonathan B. Morton and Melissa D. Sanchez of the Law Firm of Kirkpatrick & Lockhart Preston Gates Ellis, LLP, Miami, for Appellants.

Keith Mitnik of Morgan & Morgan, P.A., Orlando and Victor Kline of Greenspoon Marder, P.A., Orlando for Appellee.

PER CURIAM.

AFFIRMED.

ALLEN, DAVIS, and BENTON, JJ., CONCUR.

 

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