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): December 15, 2003
ISCO INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware | 000-22302 | 36-3688459 | ||
(State or Other Jurisdiction of Incorporation or Organization) |
(Commission file number) |
(I.R.S. Employer Identification Number) |
451 Kingston Court, Mt. Prospect, Illinois | 60056 | |
(Address of Principal Executive Offices) | (Zip Code) |
(847) 391-9400 |
(Registrants telephone number, including area code) |
Item 5. Other Events.
Settlement Agreement and Release
On December 15, 2003, ISCO International, Inc. (the Company), and Morgan and Finnegan L.L.P. (M&F), the Companys former patent counsel, entered into a Settlement Agreement and Release. As a result of the parties respective claims arising from ISCOs engagement of M&F, the parties have determined to settle such claims in accordance with the Settlement Agreement, pursuant to which the Company has issued 1,000,000 shares of common stock to M&F. The Company had reserved a two million dollar ($2,000,000) accrued liability related to the claims. This accrued liability is resolved and no longer necessary. Both the expense that created the accounting reserve and the reversal of that expense upon termination of the reserve occurred during the fiscal year 2003.
Item 7Financial Statements, Pro Forma Financial Information and Exhibits.
Items (a) and (b) are inapplicable.
(c) | Exhibits |
10.1 Settlement Agreement and Release dated December 15, 2003 between ISCO International, Inc. and Morgan & Finnegan, L.L.P.
10.2 Stock Purchase Agreement dated December 15, 2003 between ISCO International, Inc. and Morgan & Finnegan, L.L.P.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.
Date: December 16, 2003 |
ISCO International, Inc. | |||||||
By: | /s/ Frank Cesario | |||||||
Frank Cesario Chief Financial Officer |
Exhibit Index
10.1* Settlement Agreement and Release dated December 15, 2003 between ISCO International, Inc. and Morgan & Finnegan, L.L.P.
10.2* Stock Purchase Agreement dated December 15, 2003 between ISCO International, Inc. and Morgan & Finnegan, L.L.P.
* | Filed herewith. |