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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 31, 1999 (August 20, 1999)
PATRIOT SCIENTIFIC CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-22182 84-1070278
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(State or other jurisdiction of (Commission (I.R.S. Empl. Ident. No.)
incorporation or organization) File Number)
10989 Via Frontera, San Diego, California 92127
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(Address of principal executive offices) (Zip Code)
(858) 674-5000
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The Company announced on August 30, 1999 that it had sold its patented gas
plasma antenna technology for $250,000 up-front fees with the potential for an
additional $250,000 in royalties contingent on the commercialization and
delivery of the product.
The Company also announced the resignation as Chairman and Director of Elwood
Norris and that James T. Lunney, President and CEO, had been elected to replace
Mr. Norris as Chairman.
Lowell W. Giffhorn, CFO, was elected to the vacant board position.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.7 Press Release of the Company dated August 30, 1999.
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.
PATRIOT SCIENTIFIC CORPORATION
Dated: August 31, 1999 By: LOWELL W. GIFFHORN
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Lowell W. Giffhorn
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit Item Page
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99.7 Press Release of the Company dated August 30, 1999 Filed herewith.
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