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 ACT OF 1934
Date of Report (date of earliest event reported): June 29, 2003
IGI, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-08568 01-0355758
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
105 LINCOLN AVENUE
BUENA, NEW JERSEY 08310
(Address of principal executive offices) (Zip Code)
(856) 697-1441
(registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes [X] No [ ]
SPECIAL NOTE REGARDING CERTAIN STATEMENTS AND REFERENCES
Statements in this Current Report on Form 8-K regarding IGI, Inc.'s
("IGI" or "the Company") contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should also be considered to be forward-
looking statements. There are a number of important factors that could cause
actual results or events to differ materially from those indicated by such
forward-looking statements, including, without limitation, IGI's ability to
realize anticipated benefits and opportunities and to implement successfully
proposed strategies; competitive pressures; and the other factors described
in IGI's Annual Report on Form 10-K for the year ended December 31, 2002,
which factors are incorporated herein by reference. The Company cautions
readers to consider carefully these and other such factors. Further, such
forward-looking statements speak only as of the date on which such statements
are made. The Company disclaims any intention or obligation to update
forward-looking statements as a result of developments occurring after the
date of this document.
The Company's Web site address is www.askigi.com. References, if any,
in this Current Report on Form 8-K and the exhibits hereto, if any, to
www.askigi.com, any variations thereof or any other uniform resource locator,
or URL, are inactive textual references only. The information on the
Company's Web site or at any other URL is not incorporated by reference into
this Current Report on Form 8-K and should not be considered to be a part of
this document.
Item 5. Other Events.
Appointment of Frank Gerardi as Chairman of the Board of Directors of IGI, Inc.
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On June 27, 2003, the Board of Directors unanimously elected Frank
Gerardi as Chairman of the Board of Directors to fill the vacancy in office
resulting from the resignation of Earl Lewis occurring on the same date.
Mr. Lewis resigned as Chairman for personal reasons unrelated to the
operations or management of the Company. Mr. Gerardi's appointment as
Chairman was effectively immediately.
John Ambrose to Step Down as President and Chief Executive Officer
- ------------------------------------------------------------------
Separately, on June 27, 2003, John Ambrose, the Company's President and
Chief Executive Officer, announced his intention to step down as President &
CEO on December 31, 2003, or at such earlier date as the Company determines
it has located a candidate to succeed Mr. Ambrose in office. Mr. Ambrose's
has decided to leave the Company for personal reasons unrelated to the
operations or management of the Company.
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 thereunto duly authorized.
IGI, Inc.
By: /s/Domenic N. Golato
-----------------------
Domenic N. Golato,
Chief Financial Officer
Dated: July 2, 2003