-----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, FsnK7NwwPUGZWEcxpXhEnTahqCTxwgRTmhUEXKHoV8YoLmPwtgZx/ngbIdo00YIt +u1yrf0SzQwXctKb80pj7Q== 0000912057-97-026654.txt : 19970811 0000912057-97-026654.hdr.sgml : 19970811 ACCESSION NUMBER: 0000912057-97-026654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970801 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970808 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORLAND MEDICAL SYSTEMS INC CENTRAL INDEX KEY: 0000946428 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 061387931 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26206 FILM NUMBER: 97654403 BUSINESS ADDRESS: STREET 1: 106 CORPORATE PARK DRIVE STREET 2: SUITE 106 CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 914-694-2285 MAIL ADDRESS: STREET 1: 106 CORPORATE PARK DRIVE STREET 2: SUITE 106 CITY: WHITE PLAINS STATE: NY ZIP: 10604 FORMER COMPANY: FORMER CONFORMED NAME: OSTECH INC DATE OF NAME CHANGE: 19950608 8-K 1 FORM 8-K 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): AUGUST 1, 1997 -------------------- NORLAND MEDICAL SYSTEMS, INC. - -------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-26206 06-1387931 - -------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 106 CORPORATE PARK DRIVE, SUITE 106, WHITE PLAINS, NY 10604 - -------------------------------------------------------------------------- (Address of principal executive offices (Zip Code) Registrant's telephone number, including area code: (914) 694-2285 ------------------ ITEM 5. Other Events A purported shareholder's class action and derivative complaint entitled IRWIN I. MILLER V. REYNALD G. BONMATI ET. AL, DEFENDANTS, AND NORLAND MEDICAL SYSTEMS, INC., NOMINAL DEFENDANT (Civil Action No. 15849), was filed in the Court of Chancery of the State of Delaware, New Castle County, on August 1, 1997, against four members of the Company's Board of Directors (the "Individual Defendants"), Norland Medical Systems B.V. ("NMS BV"), and the Company. The action relates to the proposed acquisition (the "Acquisition") by the Company from NMS BV of all of the outstanding stock of Norland Corporation. The Acquisition is subject to the approval of the Company's stockholders at a stockholder's meeting scheduled for August 20, 1997. The complaint alleges that the Individual Defendants have breached their fiduciary duties of loyalty, candor and care in connection with the pending Acquisition, and that the Company's proxy statement relating to the stockholders' meeting does not contain full and fair disclosure with respect to the Acquisition. Plaintiff seeks, among other things: to enjoin the consummation of the Acquisition; to require that the Company make additional disclosures to its stockholders in connection with the Acquisition; damages in unspecified amounts; and costs, disbursements and counsel and expert fees. ITEM 7. Financial Statements and Exhibits Exhibit 99.1 Press Release, dated August 6, 1997, of Norland Medical Systems, Inc. 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. NORLAND MEDICAL SYSTEMS, INC. Date: August 7, 1997 By:/s/ Kurt W. Streams --------------------------------- Kurt W. Streams Vice President, Finance and Secretary EX-20.1 2 PRESS RELEASE Exhibit 99.1 [Norland Medical Systems, Inc. Letterhead] Company Contact: Reynald Bonmati President (914) 694-2285 Investor Relations Contact: John Heilshorn Lippert/Heilshorn (212) 838-3777/ext.123 WHITE PLAINS, NY, AUGUST 6, 1997 - NORLAND MEDICAL SYSTEMS, INC. (NASDAQ:NRLD) released the following information: A purported shareholder's class action and derivative complaint entitled IRWIN I. MILLER V. REYNALD G. BONMATI ET. AL. DEFENDANTS, AND NORLAND MEDICAL SYSTEMS, INC., NOMINAL DEFENDANT (Civil Action No. 15849), was filed in the Court of Chancery of the State of Delaware, New Castle County, on August 1, 1997, against four members of the Company's Board of Directors (the "Individual Defendants"), Norland Medical Systems B.V. ("NMS BV"), and the Company. The action relates to the proposed acquisition (the "Acquisition") by the Company from NMS BV of all the outstanding stock of Norland Corporation. The Acquisition is subject to the approval of the Company's stockholders at a stockholder's meeting scheduled for August 20, 1997. The complaint alleges that the Individual Defendants have breached their fiduciary duties of loyalty, candor and care in connection with the pending Acquisition, and that the Company's proxy statement relating to the stockholder meeting does not contain full and fair disclosure with respect to the Acquisition. Plaintiff seeks, among other things: to enjoin the consummation of the Acquisition; to require that the Company make additional disclosures to its stockholders in connection with the Acquisition; damages in unspecified amounts; and costs, disbursements and counsel and expert fees. The Company and other defendants believe that the action is without merit, and they intend to vigorously defend against the allegations made in the complaint. Norland Medical Systems, Inc. markets, sells and services a wide range of bone densitometers used to assess bone mineral content and density, one of several factors used by physicians in the diagnosis and monitoring of bone disorders, particularly osteoporosis, a disease that affects more than 25 million Americans, 80% of whom are women. Driven by the availability of new treatments for bone-related disorders, Norland is focusing on bringing affordable, state-of-the-art diagnostic technology directly into the physician's office in order to address a number of women's healthcare problems. The Company also has rights to exclusive worldwide distribution and service of all current and future medical diagnostic products developed and manufactured by Norland Corporation and Stratec Medizintechnik GmbH. As previously announced, the Company has signed an agreement to acquire all the issued and outstanding stock of Norland Corporation. The transaction is subject to the approval of the Company's stockholders at its 1997 annual meeting. -----END PRIVACY-ENHANCED MESSAGE-----