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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 1, 2006
Commission File Number: 000-18053
LASERSCOPE
(Exact name of Registrant as specified in its charter)
CALIFORNIA 77-0049527
(State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or organization)
3070 ORCHARD DRIVE
SAN JOSE, CA 95134-2011
(Address of principal executive offices)
(408) 943-0636
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On April 30, 2006, Laserscope, a California corporation, acquired all of the
capital stock of InnovaQuartz, Inc. a privately held company located in Phoenix,
Arizona pursuant to a Stock Purchase Agreement between Laserscope, InnovaQuartz,
Inc., The Griffin Family Revocable Trust, Steve Griffin, and Brian Barr for
approximately $7.5 million in cash, the assumption of approximately $1.1 million
in debt and future cash payments contingent on the financial performance of
InnovaQuartz over approximately three years. InnovaQuartz is a developer,
vertically integrated manufacturer and commercial supplier of advanced medical
devices for multiple medical procedures including those used in the treatment of
kidney, bladder, and other urinary stones. Since 2002, InnovaQuartz has supplied
a key component of Laserscope's GreenLight PV(R) fiber optic delivery device
used for the treatment of Benign Prostatic Hyperplasia.
The acquisition is described more completely in the press release which is
attached as Exhibit 99.1 and incorporated by reference herein.
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On May 1, 2006, Laserscope, a California corporation (the "Company") issued a
press release announcing its financial results for the quarter ended March 31,
2006. A copy of the release is attached as Exhibit 99.2 and incorporated by
reference herein.
The information in this Form 8-K and the Exhibit attached hereto is being
furnished pursuant to Item 2.02, Results of Operations and Financial Condition.
It shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to
the liabilities of that Section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended or the
Exchange Act, regardless of any general incorporation language in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release of Laserscope dated May 1, 2006 regarding its acquisition
of InnovaQuartz, Inc.
99.2 Press Release of Laserscope dated May 1, 2006 announcing its financial
results for the quarter ended March 31, 2006
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.
LASERSCOPE
(Registrant)
Date: May 1, 2006 By: /s/ Derek Bertocci
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Derek Bertocci
Vice President, Finance, and
Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release of Laserscope dated May 1, 2006 regarding its
acquisition of InnovaQuartz, Inc.
99.2 Press Release of Laserscope dated May 1, 2006 announcing its
financial results for the quarter ended March 31, 2006