<SEC-DOCUMENT>0001171843-16-008314.txt : 20160302
<SEC-HEADER>0001171843-16-008314.hdr.sgml : 20160302
<ACCEPTANCE-DATETIME>20160302160510
ACCESSION NUMBER:		0001171843-16-008314
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160226
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20160302
DATE AS OF CHANGE:		20160302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Anika Therapeutics, Inc.
		CENTRAL INDEX KEY:			0000898437
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				043145961
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14027
		FILM NUMBER:		161477097

	BUSINESS ADDRESS:	
		STREET 1:		32 WIGGINS AVENUE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730
		BUSINESS PHONE:		(781) 457-9000

	MAIL ADDRESS:	
		STREET 1:		32 WIGGINS AVENUE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANIKA THERAPEUTICS INC
		DATE OF NAME CHANGE:	19970114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANIKA RESEARCH INC
		DATE OF NAME CHANGE:	19930309
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_030216.htm
<DESCRIPTION>FORM 8-K
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 1pt -22.5pt 1pt 0in"><DIV STYLE="font-size: 0.75pt; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">UNITED STATES</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">SECURITIES AND EXCHANGE COMMISSION</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">FORM 8-K</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">CURRENT REPORT</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">PURSUANT TO SECTION 13 OR 15(d)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">OF THE SECURITIES EXCHANGE ACT OF 1934</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Date of Report (Date of earliest event reported): February 26, 2016</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Anika Therapeutics, Inc.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>(Exact name of registrant as specified in its charter)</I></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">____________________</P>

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<tr style="vertical-align: middle">
    <TD STYLE="text-align: center; width: 33%">Massachusetts</td>
    <TD STYLE="text-align: center; width: 34%">000-21326</td>
    <TD STYLE="text-align: center; width: 33%">04-314-5961</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: center">(State or other jurisdiction of</td>
    <TD STYLE="font-style: italic; text-align: center">Commission file number</td>
    <TD STYLE="font-style: italic; text-align: center">(I.R.S. Employer</td></tr>
<tr>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: center">incorporation or organization)</td>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</td>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: center">Identification No.)</td></tr>
</table>


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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">32 Wiggins Avenue, Bedford, MA 01730</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>(Address of principal executive offices) (Zip code)</I></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>Registrant&rsquo;s telephone number, including area code: </I>781-457-9000</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>(Former name or former address, if changed since last report)</I></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">____________________</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">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:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">[_]<FONT STYLE="font-size: 10pt"> Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font-size: 10pt; text-indent: 4.5pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">[_]<FONT STYLE="font-size: 10pt"> Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</FONT></P>

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<P STYLE="font-size: 10pt; margin: 0pt 0">[_]<FONT STYLE="font-size: 10pt"> Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">[_]<FONT STYLE="font-size: 10pt"> Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">On February 26, 2016, the Company entered into an accelerated share
repurchase agreement with Morgan Stanley &amp; Co. LLC (&ldquo;Morgan Stanley&rdquo;) pursuant to a Fixed Dollar Accelerated Share
Repurchase Transaction (&ldquo;ASR Agreement&rdquo;) to repurchase $25 million of shares of its common stock. On February 29, 2016,
the Company transferred $25 million to Morgan Stanley and received on the same day 377,155 shares of the Company&rsquo;s common
stock, which is approximately 70% of the total number of shares of the Company&rsquo;s common stock expected to be repurchased
under the ASR Agreement based on the closing price of the Company&rsquo;s stock on February 26, 2016. The terms of the ASR Agreement
provide for calculation of the final number of shares to be repurchased based generally on the average of the daily volume-weighted
average prices of the Company&rsquo;s common stock during the term of the transaction, less a discount and subject to adjustments
pursuant to the terms and conditions of the ASR Agreement. At settlement, under certain circumstances, the terms of the ASR Agreement
provide for Morgan Stanley to deliver additional shares of common stock to the Company, or under certain circumstances, the terms
of the ASR Agreement provide for the Company to deliver shares of common stock or to make a cash payment, at the Company&rsquo;s
election, to Morgan Stanley. The ASR Agreement contains certain terms customary for agreements of this type, including provisions
for adjustments upon the occurrence of certain events and the circumstances under which the ASR Agreement may be extended or terminated
early or adjusted in other respects. The Company expects the accelerated share repurchase program to be completed in the third
quarter of 2016.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-indent: 0.5in">The foregoing description of the ASR Agreement is a summary and is
qualified in its entirety by the terms of the ASR Agreement, a copy of which will be filed with the Company&rsquo;s quarterly report
on Form 10-Q for the fiscal quarter ending March 31, 2016.</P>

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<P STYLE="color: #000033; font-size: 10pt; text-align: center; margin: 0pt 0">SIGNATURE</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be filed on its behalf by the undersigned hereunto duly authorized.</P>

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<tr>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <td colspan="2" style="vertical-align: middle; text-align: left">Anika Therapeutics, Inc.</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: middle; width: 50%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 3%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 27%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 20%">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">Dated: March 2, 2016</td>
    <TD STYLE="vertical-align: middle">By:</td>
    <TD STYLE="vertical-align: middle; border-bottom: Black 1.1pt solid; padding-left: 10pt">/s/ Sylvia Cheung</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: middle; text-align: left; padding-left: 10pt">Sylvia Cheung</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left; padding-left: 10pt">Chief Financial Officer</td></tr>
</table>


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