-----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, SuM7XO161PFEH6tKZ6mt6V6MIbEdDgRQ5J7pcicW8yC7pTxkXnIWuyAGC6j/VE4x NH1jSYO8gbiZgLP1MHVfrQ== /in/edgar/work/0001019687-00-001345/0001019687-00-001345.txt : 20000928 0001019687-00-001345.hdr.sgml : 20000928 ACCESSION NUMBER: 0001019687-00-001345 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000922 ITEM INFORMATION: FILED AS OF DATE: 20000926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREMIER LASER SYSTEMS INC CENTRAL INDEX KEY: 0000878543 STANDARD INDUSTRIAL CLASSIFICATION: [3845 ] IRS NUMBER: 330476284 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14013 FILM NUMBER: 728944 BUSINESS ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92718 BUSINESS PHONE: 9498590656 MAIL ADDRESS: STREET 1: 3 MORGAN CITY: IRVINE STATE: CA ZIP: 92718 8-K 1 0001.txt PREMIER LASER SYSTEMS, INC. ================================================================================ 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 22, 2000 ----------------- PREMIER LASER SYSTEMS, INC. (Exact name of registrant as specified in its charter) California 0-25242 33-0476284 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) Identification No.) 3 Morgan, Irvine, CA 92718 (Address of principal executive offices) (Zip Code) -------------------- Registrant's telephone number, including area code: (949) 859-0656 N/A (Former name or former address, if changed since last report) ----------------- ITEM 5. OTHER EVENTS (a) Premier Laser Systems, Inc. ("Premier") and SurgiLight, Inc. announced today that they have signed an agreement under which SurgiLight will acquire Premier's ophthalmic laser division. SurgiLight, based in Orlando, Florida, will acquire the intellectual property and inventory from Premier. Under the terms of the agreement, SurgiLight will close this transaction prior to the American Academy of Ophthalmology (AAO) in the third week of October. The transaction is subject to customary closing conditions, and approval by the bankruptcy court in which Premier's Chapter 11 case is pending. A copy of the press release with respect to the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference. (b) Michael Quinn was appointed by the board of directors of Premier as the interim Chief Financial Officer on Friday, September 22, 2000. Michael Quinn is currently the Chief Executive Officer of Premier. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibits are filed as a part of this report: Exhibit No. Description - ----------- ----------- 99.1 Press Release of Premier Laser Systems, Inc. dated September 26, 2000. 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. PREMIER LASER SYSTEMS, INC. By: /s/ Michael Quinn ---------------------------------- Michael Quinn Date: September 26, 2000 President and CEO 3 INDEX OF EXHIBITS Exhibit No. Description - ----------- ----------- 99.1 Press Release of Premier Laser Systems, Inc. dated September 26, 2000 EX-99.1 2 0002.txt PRESS RELEASE Exhibit 99.1 News Release FOR RELEASE SEPTEMBER 26, 2000 AT 7:30 AM EDT - --------------------------------------------- Contacts: Michael J. Quinn President & CEO Premier Laser Systems, Inc. (949) 859-0656 x215 J.T. Lin or Tim Shea SurgiLight (407) 482-4555 Randy McDonald The Magnum Group (415) 435-5550 PREMIER LASER SYSTEMS AGREES TO SELL OPHTHALMIC LASER DIVISION TO SURGILIGHT Irvine, CA (September 26, 2000) Premier Laser Systems, Inc. (PLSIQ) and SurgiLight, Inc. (OCTCBB:SRGL) today announced that they have signed an agreement under which SurgiLight will acquire Premier's ophthalmic laser division. SurgiLight, based in Orlando, Florida, will acquire the intellectual property and inventory from Premier. Under the terms of the agreement, SurgiLight will close this transaction prior to the American Academy of Ophthalmology (AAO) in the third week of October. J.T. Lin, Ph. D., Chief Executive Officer of SurgiLight, said "We believe this is an extremely important milestone in the growth and development of our Company." Michael J. Quinn, President and Chief Executive Officer of Premier, said "We are pleased to be selling the ophthalmic laser technology and inventory to SurgiLight. The sale of the combined assets enables Premier to obtain optimum value for its stakeholders." The transaction between the parties is a culmination of a month long series of negotiations involving two separate suitors for control of Premier's ophthalmic laser division. The Magnum Group, Inc. of Tiburon, California, financial advisors to Premier, managed these negotiations. Randy McDonald, Managing Director for Magnum stated "We are confident that we have negotiated a deal that maximizes the asset value of Premier' ophthalmic lasers. In addition, we believe that SurgiLight will maximize these assets and immediately enter the market with this important technology." The transaction is subject to customary closing conditions, and approval by the bankruptcy court in which Premier's Chapter 11 case is pending. Premier had never formally commercialized Premier's ophthalmic laser product line. Premier was pursuing approvals to use the technology in the treatment of glaucoma and cataracts. The statements in this release that relate to future events or performance, statements about growth, levels of sales and market size, future manufacturing capacity and efficiencies, future product shipment rates, future FDA submittals and future product introductions are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties related to the development of markets for and commercial acceptance of the company's products and services, the availability of components, competitors' product introductions and other risks identified in the company's SEC filings. Actual results may differ from those described in these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. # # # # -----END PRIVACY-ENHANCED MESSAGE-----