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) March 18, 2002
SALIX PHARMACEUTICALS, LTD.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
000-23265 94-3267443
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(Commission file Number) (IRS Employer ID Number)
8540 Colonnade Center Drive, Suite 501, Raleigh, North Carolina 27615
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (919) 862-1000
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Item 5. Other Events and Regulation FD Disclosure
On March 18, 2002, Salix Pharmaceuticals, Ltd. issued a press release
announcing that the underwriters of its recent public offering of common stock
exercised their over-allotment option and purchased from Salix an additional
600,000 shares. After giving effect to the over-allotment shares, a total of
4,600,000 shares of common stock were offered and sold in the offering. The net
proceeds to Salix for the entire offering were approximately $57.4 million.
A copy of this press release is attached as an exhibit.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated March 18, 2002
SIGNATURES
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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.
SALIX PHARMACEUTICALS, LTD.
Date: March 18, 2002 By: /s/ Adam C. Derbyshire
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Adam C. Derbyshire
Vice President and Chief Financial
Officer