UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: October 7, 1997
Electro-Catheter Corporation
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(Exact name of Registrant as specified in Charter)
New Jersey 0-7578 22-1733406
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(State of Incorporation) (Commission File (IRS Employer ID
Number) Number)
2100 Felver Court, Rahway, New Jersey 07065
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number
Including Area Code: 732-382-5600
<PAGE>
Item 5. Other Events.
Verdict in Certain Litigation
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On September 22, 1997, a jury in a New Jersey Superior Court in
Middlesex County found Electro-Catheter Corporation (the "Company") liable to a
former employee of the Company for age discrimination in connection with the
Company's termination of such employee in April 1994 in a suit by such former
employee captioned John J. Ternyila v. Electro-Catheter Corporation. The jury
awarded the former employee, John J. Ternyila, $283,000 in damages for lost
wages resulting from his termination, the court having previously disallowed Mr.
Ternyila's claims for emotional distress, handicap discrimination and punitive
damages.
The Company had terminated Mr. Ternyila in 1994 as well as
approximately 20 other non-production employees over a seven-year period as part
of the reductions-in-force undertaken as a result of the Company's decline in
volume and unrelated to any age or handicap discrimination. During this same
period, the number of total employees declined from a high of approximately 190
in 1987 to approximately 130 in April 1994. The decrease includes employees who
resigned from the Company. Many of these former employees' positions were not
subsequently filled. Management of the Company has filed a post-trial motion for
relief and may file for an appeal.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed in its behalf by the
undersigned thereunder duly authorized.
ELECTRO-CATHETER CORPORATION
By: /S/ Ervin Schoenblum
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Ervin Schoenblum
Acting President
Dated: October 7, 1997
