UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 10, 2005
VALLEY FORGE SCIENTIFIC CORP.
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(Exact name of registrant as specified in charter)
PENNSYLVANIA
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(State or other jurisdiction of incorporation)
001-10382 23-2131580
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(Commission File Number) (IRS Employer Identification Number)
136 Green Tree Road, Suite 100 Oaks, Pennsylvania 19456
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(Address of principal executive offices)
(610) 666-7500
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(Registrant's telephone number, including area code)
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:
[ ] 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 March 10, 2004, Valley Forge Scientific Corp. ("Valley Forge") and
Codman & Shurtleff, Inc. ("Codman") entered into an amendment ("Amendment No.
1") to an agreement, which Valley Forge and Codman entered into on October 15,
2004 ("Codman Agreement").
Under Amendment No. 1 to the Codman Agreement, the term under which
Codman is the exclusive worldwide distributor of Valley Forge's existing
products in the fields of neurocranial and neurospinal surgery was extended to
September 30, 2005, or such earlier date as provided in Amendment No. 1. From
the end of the exclusivity period until December 31, 2005 Codman shall continue
to be the nonexclusive distributor of Valley Forge's existing products in those
fields. Until the end of the exclusivity period, Codman is required to make
minimum purchases of $1 million per calendar quarter, prorated for periods of
less than a calendar quarter.
SIGNATURES
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Pursuant to the requirement of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DATE: March 15, 2005
VALLEY FORGE SCIENTIFIC CORP
By: /s/ JERRY L. MALIS
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Jerry L. Malis, President and
Chief Executive Officer
Valley Forge Scientific Corp.
Exhibit Index
Form 8-K
Exhibit No. Description
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10(a) Amendment No. 1 to the Agreement dated as
of October 1, 2004 between Valley Forge
Scientific Corp. and Codman & Shurtleff,
Inc.