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: June 27, 1997 ORPHAN MEDICAL, INC. (Exact name of registrant as specified in its charter) MINNESOTA 0-24760 41-1784594 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 13911 RIDGEDALE DRIVE, SUITE 475 MINNETONKA, MN 55305 (Address of principal executive offices) (612) 513-6900 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS SEE PRESS RELEASE DATED JULY 3, 1997. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS EXHIBIT 99.1 PRESS RELEASE DATED JULY 3, 1997, ATTACHED HERETO. EXHIBIT 99.2 TERMINATION AGREEMENT DATED AS OF JUNE 27, 1997, ATTACHED HERETO. SIGNATURE 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. ORPHAN MEDICAL, INC. /s/ John Howell Bullion JOHN HOWELL BULLION, CHIEF EXECUTIVE OFFICER INDEX TO EXHIBITS EXHIBIT NUMBER PAGE 99.1 Press Release dated July 3, 1997 4 99.2 Termination Agreement dated as of June 27, 1997 5