-----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, WomOKnRGczlnhPu/aOSIntseDZ2c0Ii0AFXsS6ilQrlGlOwGpyB682y0A0K3ypFk EQ38XWcLJYVG92dmLlSZxg== 0000950137-01-000179.txt : 20010123 0000950137-01-000179.hdr.sgml : 20010123 ACCESSION NUMBER: 0000950137-01-000179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010116 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN BIO MEDICA CORP CENTRAL INDEX KEY: 0000896747 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 141702188 STATE OF INCORPORATION: NY FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-28666 FILM NUMBER: 1509090 BUSINESS ADDRESS: STREET 1: 122 SMITH ROAD CITY: KINDERHOOK STATE: NY ZIP: 12106 BUSINESS PHONE: 8002271243 MAIL ADDRESS: STREET 1: 122 SMITH ROAD CITY: KINDERHOOK STATE: NY ZIP: 12106 8-K 1 c59591e8-k.txt CURRENT REPORT 1 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): January 16, 2001 AMERICAN BIO MEDICA CORPORATION -------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) New York 0-28666 14-1702188 - ------------------------------- ---------------------- ---------------------- (State or Other Jurisdiction of (Commission File Number) (IRS Employer Incorporation) Identification Number) 122 Smith Road, Kinderhook, NY 12106 ------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (800) 227-1243 2 ITEM 5. OTHER EVENTS On January 16, 2001, American Bio Medica Corporation, A New York corporation, announced the resignation of Stan Cipkowski as chairman of the board of directors and chief executive officer and the appointment of Robert L. Aromando Jr. as American Bio Medica Corporation's new chief executive officer and chairman of the board of directors. Cipkowski to remain president and a director of the Company. A copy of American Bio Medica Corporation's press release announcing this appointment is attached as and incorporated by reference herein. 2 3 ITEM 7. EXHIBITS (c) Exhibits 99.1 American Bio Medica Corporation press release dated 1-16-01 3 4 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. AMERICAN BIO MEDICA CORPORATION (Registrant) Dated: January 16, 2001 By: /s/ Stan Cipkowski ------------------------------- Stan Cipkowski, President 4 EX-99.1 2 c59591ex99-1.txt PRESS RELEASE 1 [AMERICAN BIO MEDICA LETTERHEAD] FOR IMMEDIATE RELEASE: EXHIBIT 99.1 - --------------------- AMERICAN BIO MEDICA APPOINTS NEW CHAIRMAN AND CEO Robert L. Aromando Jr. Previously Led Roche Diagnostics' On-Site Drug Testing to Dominant Market Share KINDERHOOK, NY, JANUARY 16, 2001 - American Bio Medica Corporation (NASDAQ: ABMC) today announced an aggressive restructuring of its management team, beginning with the appointment of Robert L. Aromando Jr. as chairman of the board and chief executive officer. Aromando brings with him over 20 years of sales and global marketing experience, with specific expertise in the drugs of abuse testing arena. As director of global marketing for Roche Diagnostics from 1992 to 1999, Aromando oversaw that company's climb from late market entry to dominant player in the on-site drugs of abuse business, with some Roche products capturing as much as 50 percent market share. Since 1999, he has served as director of global marketing for clinical research organization Covance, Inc. Aromando began his relationship with ABMC in May 2000, when he joined its board of directors. Aromando replaces Stan Cipkowski, who founded ABMC in 1992. Cipkowski resigned as board chairman and chief executive officer at ABMC's January 10, 2001, board meeting. He will remain with ABMC as president, a director, and a member of an executive management team to be headed by Aromando. Also on the four-person executive management team will be ABMC CFO Keith Palmer, and Company independent director Gerald Moore, president and chief executive of Med-Ox Diagnostics of Canada. "Bob Aromando brings to ABMC valuable insights and a proven record of success in the on-site drug testing market," said Cipkowski. "He is respected in this industry as a shrewd competitor, an innovative marketer, and an executive who values long-term distributor and end-user relationships." According to Aromando, the executive management team will focus on a series of immediate priorities including strengthening relationships with existing distribution channels, and aggressive acquisition of new distributors. The management team will also center ABMC sales efforts on specific high potential areas in the on-site drugs of abuse testing market, and pursue litigation of a patent infringement case against Phamatech. An injunction hearing has been scheduled for March 5 in the United States District Court for the Southern District of California. (more) 2 The executive management team will initiate an internal operations audit and identify means of reducing expenses at ABMC. "I am enthusiastic about the opportunities in front of American Bio Medica," said Aromando. "I truly believe the company has strong technology, good products, talented people, and an exceptional distribution network. I expect to reach our sales and profitability goals, and deliver value to our shareholders and customers." American Bio Medica Corporation develops, manufactures and markets inexpensive, accurate on-site drugs-of-abuse diagnostic kits, sprays and support services worldwide. The company's global distributors target the workplace, physicians, corrections, clinical and educational markets. ABMC's Drug Detector(TM) identifies minute traces of illegal drugs on surfaces, while the company's Rapid Drug Screen tests individuals and is proven to correlate 100% with the standard laboratory screening test. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. ### -----END PRIVACY-ENHANCED MESSAGE-----