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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 December 20, 1996
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(Date of earliest event reported)
Moyco Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-4123 23-1697233
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(state or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
200 Commerce Drive
Montgomeryville, PA 18936
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(Address of principal executive offices)
(215) 855-4300
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(Registrant's telephone number,
including area code)
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As previously disclosed in Moyco's Annual Report and 10K for the fiscal year
ended June 30, 1996 and the 10Q report for the quarter ended September 30, 1996,
Moyco has retained counsel to represent it in a government investigation. The
government has recently served Moyco counsel with a target letter and has
alleged that it has evidence of violations of law and/or regulations that may
have been committed by the Company, officers and/or employees of the Company.
The letter, from the Office of the United States Attorney for the Eastern
District of Pennsylvania advises that Moyco is presently a target of a grand
jury investigation. The investigation centers around certain government
contracts for the manufacture and prior deliveries of foot powder. This product
is not part of Moyco core businesses of manufacturing preclusion abrasives, CMP
materials, and professional dental supplies. Duane, Morris & Heckscher, legal
counsel for Moyco, has not completed its investigation of these matters and
therefore cannot evaluate the likelihood of an unfavorable outcome to the
Company. Upon review of currently available information, Moyco denies the
alleged improper conduct. Moyco management has no reason to believe that its
foot powder product was anything but safe and effective as required.
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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.
Moyco Technologies, Inc.
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(Registrant)
Date: December 20, 1996 By:/s/ Marvin E. Sternberg (signature)
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Name: Marvin E. Sternberg
Title: President and Chief Executive Officer
