form8k-eastern_saleanddividend -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): December 12, 2007

     UNITED-GUARDIAN, INC.
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(Exact name of Registrant as Specified in Charter)

DELAWARE  1-10526  11-1719724 
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(State or Other Jurisdiction  (Commission File Number)  (IRS Employer 
of Incorporation)    Identification No.) 
 
 
230 Marcus Boulevard, Hauppauge, New York  11788 
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(Address of Principal Executive Offices)  (Zip Code) 


                           Registrant's telephone number, including area code: (631) 273-0900
                           __________________________________________________________________

 

                                                          Not Applicable 
                                  -----------------------------------------------------------
                                (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:

[_]  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 2.01 - Completion of Disposition of Assets

  On December 11, 2007 United-Guardian, Inc. completed the sale of certain assets of its Eastern Chemical Corporation
subsidiary, including the sale of all of Eastern's inventory and its customer and vendor lists.  United intends to
discontinue the Eastern business effective immediately. 

 

Item 8.01 - Other Events
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     On December 10, 2007, United-Guardian, Inc. issued a press release announcing that its Board of Directors had declared a semi-annual cash dividend of $.28 per share to all stockholders of record as of December 17, 2007.  The dividend will be paid on January 7, 2008. A copy of that press release is furnished as Exhibit 99.1 to this report.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS
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  (c) Exhibits     
          Exhibit Number  Exhibit   
                     -------------  -------   
                           99.1                           Press Release dated December 10, 2007 
 

SIGNATURE

 

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 thereunto duly authorized.

 

UNITED-GUARDIAN, INC.

By:/s/ Kenneth H. Globus
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Name: Kenneth H. Globus
Title: President

 

December 12, 2007