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): August 28, 2013
BIOJECT MEDICAL TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 0-15360
| | |
| Oregon | | 93-1099680 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer
Identification No.) |
| |
7180 SW Sandburg St., Ste. 100 Tigard, Oregon | | 97223 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (503) 692-8001
Former name or former address if changed since last report:
No Change
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 |
On August 28, 2013, Bioject Medical Technologies Inc. (“Bioject”) sold to Mark Logomasini (the “Purchaser”) a Senior Secured Bridge Promissory Note in the amount of $120,000 (the “Note”). The Note is secured by all the intellectual property of Bioject and its wholly owned subsidiary Bioject Inc. Mr. Logomasini is Bioject’s President and Chief Executive Officer and a director. The Note bears interest at the rate of 10% per year with all principal and interest due on or before December 31, 2014, provided that the Note will be prepaid if Bioject can do so but still have adequate cash to fund its ongoing operations for the then forseeable future.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
| | (a) | See Item 1.01 Entry into a Material Definitive Agreement. |
| Item 9.01 | Financial Statements and Exhibits |
The following exhibits are filed herewith and this list is intended to constitute the exhibit index:
| | |
| 10.1 | | Senior Secured Bridge Promissory Note dated August 28, 2013 issued by Bioject Medical Technologies Inc. to Mr. Logomasini. |
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| 10.2 | | Intellectual Property Security Agreement dated August 28, 2013 between Bioject Medical Technologies Inc., Bioject Inc. and Mr. Logomasini. |
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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.
| | | | |
| Date: August 30, 2013 | | | | BIOJECT MEDICAL TECHNOLOGIES INC. |
| | | | (Registrant) |
| | |
| | | | /s/ CHRISTINE M. FARRELL |
| | | | Christine M. Farrell |
| | | | Vice President of Finance |
| | | | (Principal Financial and Accounting Officer) |
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