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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cybex International, Inc. (MM) | NASDAQ:CYBI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.53 | 0 | 01:00:00 |
UNITED STATES
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 7, 2012
CYBEX INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
New York | 0-4538 | 11-1731581 | ||
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
||
10 Trotter Drive, Medway, Massachusetts | 02053 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (508) 533-4300
(Former name or former address, 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):
¨ | 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 8.01 Other Events
Cybex International, Inc. (Cybex or the Company) reports that a single shareholder seeking class action status has commenced a suit, Guziec v. Cybex International, Inc. et al , in the Supreme Court of the State of New York, County of New York, naming the Company and its directors as defendants. The action alleges, among other things, that the defendants breached their fiduciary obligations to the Companys shareholders by entering into the previously announced Agreement and Plan of Merger (Merger Agreement) pursuant to which all of the Companys outstanding common stock held by its public shareholders would be converted into $2.55 per share cash in a going private merger transaction. Plaintiff seeks an unspecified amount of damages and to enjoin the Company from proceeding with the proposed transaction.
Consummation of the merger transaction is subject to various conditions, including approval of the Merger Agreement at a Special Shareholders Meeting anticipated to be held in the first quarter of 2013.
The Company believes the action is without merit and will vigorously pursue its defense.
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.
Dated: November 9, 2012
CYBEX INTERNATIONAL, INC. (Registrant) |
||
By: | /s/ John Aglialoro | |
Name: |
John Aglialoro |
|
Title: |
Chief Executive Officer |
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