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): November 11, 2005
Refac
(Exact name of registrant as specified in its charter)
DELAWARE 001-12776 13-1681234
- ------------------------------- ----------------------- -----------------------
(State or other jurisdiction of (Commission I.R.S. Employer
incorporation or organization) File Number) Identification No.)
ONE BRIDGE PLAZA, SUITE 550, FORT LEE, NEW JERSEY 07024
- ------------------------------------------------------------------ ------------
(Address of principal executive offices) (Zip Code)
(201) 585-0600
-------------------------------------------------------------
(Registrant's telephone number,
including area code)
None
----------------------------------------------------------------
(Former name, former address and former fiscal year,
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):
|X| 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))
Item 1.01 Entry into a Material Definitive Agreement.
On November 11, 2005, Refac, a Delaware corporation (the "Company"),
entered into an amendment (the "OptiCare Amendment") to the Agreement and Plan
of Merger (the "OptiCare Merger Agreement"), dated August 22, 2005, with
OptiCare Health Systems, Inc., a Delaware corporation ("OptiCare"), and
OptiCare Merger Sub, Inc., a Delaware corporation and a wholly-owned
subsidiary of Refac. The OptiCare Merger Agreement previously provided that
either Refac or OptiCare may generally terminate the Merger Agreement if the
transactions contemplated thereby were not completed by December 31, 2005. The
OptiCare Amendment extends this date to April 30, 2006. The OptiCare Amendment
is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.02 Results of Operations and Financial Condition.
On November 15, 2005, the Company announced its results of operations
for its third quarter ended September 30, 2005. A copy of the press release of
the Company is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
The information, including the exhibit attached hereto, in this Item
2.02 is being furnished and shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of that Section. Such information shall not be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, except as otherwise expressly stated in
such filing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
See Exhibit Index below.
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.
REFAC
Dated: November 15, 2005
By: /s/Raymond A. Cardonne, Jr.
--------------------------------
Name: Raymond A. Cardonne, Jr.
Title: Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
10.1 Amendment No. 1 to Merger Agreement, dated as of November 11,
2005, by and among Refac, OptiCare Merger Sub, Inc. and
OptiCare Health Systems, Inc.
99.1 Press Release, dated November 15, 2005 (furnished herewith)