<SEC-DOCUMENT>0001161697-14-000245.txt : 20140624
<SEC-HEADER>0001161697-14-000245.hdr.sgml : 20140624
<ACCEPTANCE-DATETIME>20140612161342
ACCESSION NUMBER:		0001161697-14-000245
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140609
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140612
DATE AS OF CHANGE:		20140612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REPRO MED SYSTEMS INC
		CENTRAL INDEX KEY:			0000704440
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				133044880
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12305
		FILM NUMBER:		14907381

	BUSINESS ADDRESS:	
		STREET 1:		24 CARPENTER RD
		CITY:			CHESTER
		STATE:			NY
		ZIP:			10918
		BUSINESS PHONE:		9143438499

	MAIL ADDRESS:	
		STREET 1:		24 CARPENTER RD
		CITY:			CHESTER
		STATE:			NY
		ZIP:			10918
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>form_8-k.htm
<DESCRIPTION>FORM 8-K FOR 06-09-2014
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<P style="margin:0" align=center><B>UNITED STATES</B></P>
<P style="margin:0" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0" align=center><B>Washington, DC 20549</B></P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0" align=center>Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;<B><U>June 9, 2014</U></B></P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0; font-size:14pt" align=center><B><U>REPRO-MED SYSTEMS, INC.</U></B></P>
<P style="margin:0" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0" align=center>&nbsp;</P>
<TABLE style="margin-top:0; font-size:10pt" cellpadding=0 cellspacing=0 align=center>
<TR><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center><B><U>New York</U></B></P>
</TD><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center><B><U>0-12305</U></B></P>
</TD><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center><B><U>13-3044880</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="margin-top:0" valign=top width=240><P style="margin:0" align=center>(IRS Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0" align=center><BR></P>
<TABLE style="margin-top:0; font-size:10pt" cellpadding=0 cellspacing=0 align=center>
<TR><TD style="margin-top:0" valign=top width=288><P style="margin:0" align=center><B><U>24 Carpenter Road, Chester, New York</U></B></P>
</TD><TD style="margin-top:0" valign=top width=96><P style="margin:0" align=center><B><U>10918</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0" valign=top width=288><P style="margin:0" align=center>(Address of principal executive offices)</P>
</TD><TD style="margin-top:0" valign=top width=96><P style="margin:0" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0" align=center><BR></P>
<P style="margin:0" align=center>Registrant&rsquo;s telephone number, including area code&nbsp;&nbsp;&nbsp;<B><U>(845) 469-2042</U></B></P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0" align=center><U>not applicable</U></P>
<P style="margin:0" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0" align=center>&nbsp;</P>
<P style="margin:0; text-align: justify">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):</P>
<P style="margin:0; text-align: justify">&nbsp;</P>
<P style="margin:0; text-align: justify">[ &nbsp;] &nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0; text-align: justify">&nbsp;</P>
<P style="margin:0; text-align: justify">[ &nbsp;] &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0; text-align: justify">&nbsp;</P>
<P style="margin:0; text-align: justify">[ &nbsp;] &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0; text-align: justify">&nbsp;</P>
<P style="margin:0; text-align: justify">[ &nbsp;] &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0"><BR></P>
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<P style="margin:0"><B>ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.</B></P>
<P style="margin:0"><BR></P>
<P style="margin:0; text-align: justify">(b) As of June 9, 2014, Mike R. Boscher, Chief Financial Officer of Repro Med Systems, Inc. since February 2012, is no longer associated with the Company.</P>
<P style="margin:0"><BR></P>
<P style="margin:0; text-align: justify">(c) On June 9, 2014, the Company created the position of Chief Operating Officer, which will be filled in the interim by Rick McWhorter, 66, who has been serving as a management consultant to the Company since mid-April, 2014.  He has over 35 years&rsquo; experience in the medical devices industry.   In his 24 year career with Baxter Healthcare Corporation from 1977 to 2000, Mr. McWhorter served in a broad range of management positions with the final 8 years as Vice President, Global  Manufacturing.  Immediately following Baxter through 2002, he assumed the position of Senior Vice President of Operations for MedSource Technologies, Inc., a start-up contract manufacturing and product development medical device company.  In addition, Mr. McWhorter also spent three years as Vice President of Operations for Boston Scientific from 2002 to 2005.  In 2005, he founded Apterra, Inc., a strategic consulting firm which he continues to manage.</P>
<P style="margin:0"><BR></P>
<P style="margin:0; text-align: justify">(c) On June 9, 2014, Barry Short, 54, was promoted to the position of interim Chief Financial Officer.  Since 2010, Mr. Short has served as the Company&rsquo;s Director of Administration and has over 25 years&rsquo; of experience in healthcare industries.  He has an MBA with concentrations in finance and accounting from Cornell&rsquo;s Johnson Graduate School of Management.</P>
<P style="margin:0"><BR></P>
<P style="margin:0"><BR></P>
<P style="margin:0"><B>ITEM 8.01  OTHER EVENTS.</B></P>
<P style="margin:0"><BR></P>
<P style="margin:0; text-indent:48; text-align: justify">The Company issued a press release announcing a 41.1% increase in sales for the first quarter of FY2015 as compared to the first quarter of FY2014.  The press release also announced management changes that include the appointment of an interim Chief Operating Officer and Interim Chief Financial Officer. The press release is furnished herewith as Exhibit 99.1.</P>
<P style="margin:0"><BR></P>
<P style="margin:0"><BR></P>
<P style="margin:0"><B>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.</B></P>
<P style="margin:0"><BR></P>
<P style="margin:0; text-align: justify">(d) Exhibits.</P>
<P style="margin:0"><BR></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 720px">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 96"><U>Exhibit No.</U></TD>
    <TD STYLE="width: 624"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>99.1</TD>
    <TD>Press release dated June 12, 2014</TD></TR>
</TABLE>
<P style="margin:0"><BR></P>
<P style="margin:0; text-align: justify">The press release is furnished herewith as Exhibit 99.1.</P>
<P style="margin:0"><BR></P>
<P style="margin:0"><BR></P>
<P style="margin:0" align=center><B>SIGNATURES</B></P>
<P style="margin:0; text-indent:48; text-align: justify">&nbsp;</P>
<P style="margin:0; text-indent:48; text-align: justify">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.</P>
<P style="margin:0; text-indent:48">&nbsp;</P>
<TABLE style="margin-top:0; font-size:10pt" cellpadding=0 cellspacing=0 width=100%>
<TR><TD style="margin-top:0" valign=top><P style="margin:0">&nbsp;</P>
</TD><TD style="margin-top:0" valign=top width=360 colspan=2><P style="margin:0">REPRO-MED SYSTEMS, INC.<BR>
(Registrant)</P>
</TD></TR>
<TR><TD style="margin-top:0" valign=top><P style="margin:0">&nbsp;</P>
</TD><TD style="margin-top:0" valign=top width=24><P style="margin:0">&nbsp;</P>
</TD><TD style="margin-top:0" valign=top width=336><P style="margin:0">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0" valign=top><P style="margin:0">Date: &nbsp;<U>June 12, 2014</U></P>
</TD><TD style="margin-top:0" valign=top width=24><P style="margin:0">By:</P>
</TD><TD style="margin-top:0" valign=top width=336><P style="margin:0"><U>/s/ Andrew I. Sealfon</U></P>
</TD></TR>
<TR><TD style="margin-top:0" valign=top colspan=2><P style="margin:0">&nbsp;</P>
</TD><TD style="margin-top:0" valign=top width=336><P style="margin:0">Andrew I. Sealfon<BR>
President and Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0"><BR></P>
<P style="margin:0" align=center>- 2 -</P>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex_99-1.htm
<DESCRIPTION>PRESS RELEASE
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<P style="margin:0px" align=center><B>Exhibit 99.1</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><U>FOR IMMEDIATE RELEASE</U></P>
<P style="margin:0px">For further information contact:</P>
<P style="margin:0px">Andrew I. Sealfon, President and CEO</P>
<P style="margin:0px">(845) 469-2042</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>RMS ANNOUNCES INCREASED SALES; ORGANIZATION AND PERSONNEL CHANGES</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">(Chester, NY &ndash; June 12, 2014) &ndash; Repro-Med Systems Inc., d/b/a RMS Medical Products (OTC stock symbol REPR) today announced a 41.1% increase in sales for the first quarter of fiscal year 2015 as compared with the first quarter of fiscal 2014. The company&rsquo;s fiscal year runs from March through February. &nbsp;Net sales totaled $2,647,000 during the first quarter of the current fiscal year, compared with $1,876,000 for the same period a year ago and exceeded the revenues from the previous quarter.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">At the same time, the company announced organization and personnel changes. The position of Chief Operating Officer has been added, and will be filled in the interim by Rick McWhorter, who has been serving as a management consultant to the company for the past 2 months.  He brings to RMS over 35 years&rsquo; experience in the medical devices industry.   In his 24 year career with Baxter Healthcare Corporation, Mr. McWhorter served in a broad range of management positions with the final 8 years as Vice President, Global  Manufacturing.  Immediately following Baxter, he assumed the position of Senior Vice President of Operations for MedSource Technologies, Inc., a start up contract manufacturing and product development medical device company.  In addition, he also spent three years as Vice President of Operations for Boston Scientific.   &ldquo;I am delighted to welcome Rick to the RMS family,&rdquo; said Andrew I. Sealfon, the company&rsquo;s President and Chief Executive Officer. &ldquo;He brings a level of experience which will be invaluable in the company&rsquo;s efforts to advance development of new products, expand markets, and enhance fulfillment of customer needs,&rdquo; Sealfon added.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Barry Short, who has served the company as Director of Administration since 2010, has been promoted to the position of interim Chief Financial Officer. &nbsp;Mr. Short has over 25 years&rsquo; of experience in healthcare industries and has an MBA from Cornell&rsquo;s Johnson Graduate School of Management. &nbsp;Sealfon commented, &ldquo;Barry has provided many years of outstanding service to the company, and his expanded role will provide greater opportunities for the company.&rdquo; &nbsp;Mr. Short replaces Mike R. Boscher, who formerly served as CFO since February 2012, and who is no longer with the company effective June 9, 2014. &nbsp;&ldquo;We all wish Mike well in his future endeavors,&rdquo; said Sealfon.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In addition to the HIgH-Flo<font style='font-family:Arial Unicode MS,Times New Roman'>&trade;</font> Subcutaneous Safety Needle Sets, the company<font style='font-family:Arial Unicode MS,Times New Roman'>&rsquo;</font>s principal products include the FREEDOM60&reg; Syringe Infusion Pump, FREEDOM60&reg; Precision<font style='font-family:Arial Unicode MS,Times New Roman'>&trade;</font> Flow Rate Tubing, and RES-Q-VAC Hand Held Medical Suction. The company<font style='font-family:Arial Unicode MS,Times New Roman'>&rsquo;</font>s web site may be visited at www.rmsmedicalproducts.com</P>
<P style="margin:0px"><BR></P>

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