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 15, 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 1.01 | Entry into a Material Definitive Agreement. |
Warrant Solicitation Agreement with National Securities Corporation
On November 15, 2007, Action Products International, Inc. and National Securities Corporation entered into a Warrant Solicitation Agreement, dated October 17, 2007, which provides that National will act as a nonexclusive solicitation agent for Action Products in connection with the exercise of Action Products’ public warrants. Action Products will pay National a solicitation fee of 10% of the proceeds from the exercise of warrants properly solicited by and exercised through National. The public warrants were issued pursuant to a warrant agreement between Action Products and its transfer and warrant agent, Registrar and Transfer Company dated June 16, 2006, as amended July 31, 2006 and January 31, 2007.
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 | |
10.1 | Warrant Solicitation Agreement by and between Action Products International, Inc. and National Securities Corporation dated October 17, 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: | November 15, 2007 |
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