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
March 5, 2004
(Date of earliest event reported)
HealthTronics Surgical Services, Inc.
(Exact name of the Registrant as specified in its charter)
| Georgia | 000-30406 | 58-2210668 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer identification No.) |
| 1841 West Oak Parkway, Suite A, Marietta, Georgia | 30062 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code:
770-419-0691
Item 2. Acquisition or Disposition of Assets.
On March 5, 2004, HealthTronics Surgical Services, Inc. (the “Company”), through a wholly owned Swiss subsidiary, acquired all of the issued and outstanding capital stock of HMT Holding AG. HMT Holding AG, a Swiss company (“HMT Holding”) owns 72.4% of the voting shares and 39.7% financial interest shares of HMT High Medical Technologies AG. The collective purchase price is USD 1,000 and 800,000 shares of Company common stock, pursuant to the terms of the Sale and Purchase Agreement by and among the Company, HealthTronics GmbH, a wholly owned subsidiary of the Company (“Purchaser”) and Dr. Andreas Bänziger, Norbert Brill, Thomas Fischer, Wilfred Thom and Roland Germann (the “Purchase Agreement”). Pursuant to the terms of the Purchase Agreement the Purchaser shall pay to the owners of HMT Holding each owner’s pro rata share of the USD 1,000 and the 800,000 shares of Company common stock. In conjunction with the acquisition, the Purchaser contributed approximately $1,500,000 to HMT Holding which HMT Holding used to repay its bank debt.
Item 7. Financial Statements and Exhibits.
| c. | Exhibits |
| 2.1 | Stock Purchase Agreement by and among the Company and Dr. Andreas Bänziger, Norbert Brill, Thomas Fischer, Wilfred Thom and Roland Germann. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| HealthTronics Surgical Services, Inc. | |
| Dated: | By:/s/ Victoria W. Beck |
| March 12, 2004 | Victoria W. Beck |
| Executive Vice President and Chief Accounting Officer |
Exhibit Index
The following is a list of the Exhibits filed herewith.
| Exhibit Number | Description of Exhibit |
| 2.1 | Stock Purchase Agreement by and among the Company and Dr. Andreas Bänziger, Norbert Brill, Thomas Fischer, Wilfred Thom and Roland Germann |