- Current report filing (8-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): March 28, 2012

  

  

HYPERTENSION DIAGNOSTICS, INC.

(Exact Name of Registrant as Specified in Charter)

  

Minnesota

(State or Other Jurisdiction of Incorporation)

0-24635		41-1618036
(Commission File Number)		(IRS Employer Identification No.)
10275 Wayzata Boulevard, Suite 310
Minnetonka, Minnesota		55305
(Address of Principal Executive Offices)		(Zip Code)

  

  

[phone]

(Registrant’s telephone number, including area code)

  

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

  

  

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  

o

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

    

Item 8.01        Other Events.

On March 28, 2012, HDI Plastics, Inc. ( “ HDIP ” ), a wholly-owned subsidiary of the Registrant, received a Notice of Violation related to its sole processing facility located at 5330 Fleming Court, Austin, Texas, from the City of Austin Code Compliance Department.  The Notice of Violation alleges violations of Austin’s City Code and failures to obtain required permits and a Certificate of Occupancy based upon the current use of the processing facility.  The Notice of Violation requires HDIP to vacate the processing facility until such alleged violations are cured.  HDIP unsuccessfully attempted to negotiate temporary permits allowing it to continue operations while it addresses the alleged violations identified in the Notice of Violation.  On March 29, 2012, HDIP temporarily ceased processing operations at the processing facility.  On April 2, 2012, HDIP notified approximately 70 of its employees working at the facility of their termination pending satisfactory resolution of the violations identified by the City of Austin.  At this time HDIP cannot estimate the length of time in which the facility will remain inoperable, or the costs associated with ceasing operations or addressing such violations.  Based upon preliminary discussions among HDIP’s personnel and consultants and the City of Austin, we expect that production at the facility will not resume for a minimum of 30-60 days.

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.

  

  

			HYPERTENSION DIAGNOSTICS
Date: April 2, 2012		By:	/s/ Kenneth W. Brimmer
			Name: Kenneth W. Brimmer
			Title: Chief Exectutive Officer and Chief Financial Officer