SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 10, 1998
SCIENCE DYNAMICS CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-10690 22-2011859
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
1919 Springdale Road
Cherry Hill, New Jersey 08003
(Address of principal executive offices)
Registrant's telephone number, including area code(609) 424-0068
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FORM 8-K
ITEM 5. OTHER EVENTS.
On December 23, 1998, Science Dynamics Corporation issued a press release
reporting that the Board of Directors has voted to recommend that the
shareholders approve a plan to reverse split the Company's common stock within
a range between one-for-two shares and one-for-eight shares. A copy of such
press release is attached to this Form 8-K as Exhibit 99.01.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
a. N/A
b. N/A
c. Exhibits
99.01 Science Dynamics Corporation
Press Release dated December 23, 1998.
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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.
SCIENCE DYNAMICS CORPORATION
/s/ Lyndon A. Keele
-------------------------------
By: Lyndon A. Keele,
Chairman of the
Board of Directors
Dated: December 23, 1998
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EXHIBIT 99.01
Contact: FOR IMMEDIATE RELEASE
Alan C. Bashforth, President
(800) 732-7466
or
Trudy M. Self
Self & Associates
(818) 880-5437
[email protected]
SCIENCE DYNAMICS' BOARD RECOMMENDS REVERSE SPLIT
CHERRY HILL, NJ - December 23, 1998 - Science Dynamics Corporation (NASDAQ:
SIDY) announced today a December 10, 1998 decision by the Board of Directors
to recommend that the shareholders approve a plan to reverse split the
Company's common stock within a range between one-for-two shares and
one-for-eight shares. The 45,000,000 shares of $.01 par value common stock
currently authorized would remain the same.
The Board chose to recommend this action to the shareholders subsequent to a
NASDAQ hearing on December 3, 1998 regarding the continued listing of the
Company's securities on NASDAQ.
The Board of Directors has appointed a committee to prepare the relevant proxy
materials and establish the date of the shareholders' meeting and vote. All
proxy materials must be filed with the Securities and Exchange Commission and
distributed to all shareholders prior to the meeting. The committee will
announce the schedule for shareholder action during the month of January,
1999.
