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 15, 2002
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SIPEX CORPORATION
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(Exact name of registrant as specified in charter)
MASSACHUSETTS 000-27892 95-4249153
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(State of incorporation) (Commission file number) (IRS Employer
Identification No.)
22 LINNELL CIRCLE, BILLERICA, MASSACHUSETTS 01821
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (978) 667-8700
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ITEM 5. OTHER EVENTS.
On April 15, 2002, SIPEX Corporation (the "Registrant") sold an
aggregate of 3,000,000 shares of the Registrant's common stock to institutional
investors for an aggregate cash amount of $25,500,000. The shares were issued in
a private placement transaction pursuant to Section 4(2) and Regulation D under
the Securities Act of 1933, as amended (the "Securities Act"). In connection
with the transaction, the Registrant has agreed to register the shares sold in
this transaction for resale under the Securities Act.
The foregoing matters are further described in the press release issued
by the Registrant on April 16, 2002, a copy of which is filed herewith as
Exhibit 99.1, and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
10.25 Form of Stock Purchase Agreement dated as of April 15, 2002, by
and among SIPEX Corporation and certain investors noted on the
signature pages thereto.
99.1 Press release of SIPEX Corporation dated April 16, 2002.
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.
SIPEX CORPORATION
By: /s/ FRANK R. DIPIETRO
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Frank R. DiPietro
Chief Financial Officer
Dated: April 19, 2002
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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10.25 Form of Stock Purchase Agreement dated as of April 15, 2002, by
and among SIPEX Corporation and certain investors noted on the
signature pages thereto.
99.1 Press release of SIPEX Corporation dated April 16, 2002.