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 21, 1996
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Isco, Inc.
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(Exact name of registrant as specified in its charter)
Nebraska 0-14429 47-0461807
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4700 Superior Street, Lincoln, NE 68504
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (402) 464-0231
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Item 2. Acquisition or Disposition of Assets
On August 21, 1996 Isco acquired substantially all of the assets and assumed
selected liabilities of Suprex Corporation, a Pennsylvania corporation
located in Pittsburgh, Pennsylvania. The acquisition was accomplished
pursuant to a Purchase and Assumption Agreement dated August 9, 1996 between
the parties. At the closing, Isco paid Suprex $2,850,000 for the assets and
assumed basically the trade payables of Suprex, subject to a $250,000 escrow
account hold-back to cover certain post-closing adjustments, including
warranty claims. The purchase price was arrived at through arms-length
negotiations among Isco, Suprex management, and Suprex' investment bankers.
Suprex manufactured a variety of super critical fluid extraction (SFE)
products, principally for use in the food products business. Isco intends to
add the SFE products to its existing line of SFE products. Isco did not
acquire, either by purchase or long term lease, any of the manufacturing
facilities utilized by Suprex and intends to relocate the manufacturing
assets to its plant in Lincoln, Nebraska.
Isco liquidated investment securities to obtain the cash to purchase the
Suprex assets.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired:
(1) The audited financial statements of Suprex Corporation for
the year ended December 31, 1995 and unaudited financial
statements for the periods ending June 30, 1995 and 1996 will
be included in Form 8-KA.
(b) Pro Forma Financial Information:
(1) Pro forma financial information reflecting the acquisition of
the Suprex assets and assumption of liabilities as of July
26, 1996 and for the year then ended will be furnished on
Form 8-KA.
(c) Exhibits: Not Applicable
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 hereto duly authorized.
ISCO, INC.,
Date October 17, 1996 By: /s/ Philip M. Wittig
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Philip M. Wittig
Chief Financial Officer
and Treasurer