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): April 7, 2006
Patient
Safety Technologies, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
333-124594
(Commission
File
Number)
|
13-3419202
(I.R.S.
Employer
Identification
Number)
|
1800
Century Park East, Ste. 200, Los Angeles, CA 90067
(Address
of principal executive offices) (zip code)
(310)
895-7750
(Registrant's
telephone number, including area code)
Marc
J.
Ross, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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):
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
1.01 Entry Into a Material Definitive Agreement.
On
April
7, 2006, Surgicount Medical, Inc. (“Surgicount”), a wholly owned subsidiary of
Patient Safety Technologies, Inc., entered into a Supplier Agreement (the
“Supplier Agreement”) with Professional Hospital Supply, Inc. for the
distribution of its patented Safety Sponge™ System. The Supplier Agreement has a
term of three years from April 7, 2006 unless terminated by either party upon
60
days prior written notice. Surgicount agreed to sell its products to
Professional Hospital Supply, Inc. at the most favorable costs available to
any
supplier.
Item
9.01 Financial Statements and Exhibits.
(c)
Exhibits
|
Exhibit
Number
|
|
Description
|
|
10.1
|
|
Supplier
Agreement dated April 7, 2006 by and between Professional Hospital
Supply,
Inc. and Surgicount Medical, Inc.
|
|
99.1
|
|
Press
Release issued April 7, 2006
|
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
| |
|
|
| |
Patient
Safety Technologies, Inc.
|
|
|
|
| Dated:
April 10, 2006 |
By: |
/s/
Louis Glazer M.D. |
| |
Name:
Louis
Glazer, M.D., Ph.G. |
| |
Title:
Chief
Executive Officer |