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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 28, 1997
Date of Report (date of earliest event reported)
LANCER ORTHODONTICS, INC.
(Exact Name of Registrant as Specified in its Charter)
California 0-5920 95-2497155
(State or Other (Commission (IRS Employer Iden-
Jurisdiction of File Number) tification Number)
Incorporation)
6050 Avenida Encinas
Carlsbad, California 92009
(Address of Principal Executive Offices
Including Zip Code
760-744-5585
(Registrant's Telephone Number,
Including Area Code)
(Former Name or Former Address if Changed
Since Last Report)
Page 1 of 4 pages.
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Item 1. Change of Control.
On April 28, 1997, Joseph Irani, Chief Executive Officer, Director and
control shareholder of Biomerica, Inc. ("Biomerica") died of natural causes. Mr.
Irani was also an executive officer and a significant minority shareholder of
Lancer Orthodontics, Inc. (the "Company"). Mr. Irani was the beneficial owner of
16% of the outstanding shares of common stock of the Company as defined under
Rule 13d-3. In addition, Biomerica holds 29% of the outstanding shares of common
stock of the Company as defined under Rule 13d-3 . Mr. Irani's holdings in the
Company and Biomerica are currently being probated in his estate. The Company is
not aware of any arrangements that may result in the change of control at a date
subsequent to this report.
The Company has appointed Zackary Irani as the Chairman of the Board of
Directors. Ms. Moore was appointed secretary of the Company.
(C) Exhibits
99.1 Press Release dated May 9, 1997.
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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.
Dated: May 13, 1997 Lancer Orthodontics, Inc.
By: /s/ DOUGLAS MILLER
--------------------
Douglas Miller
President
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Investor Relations
Tel. 714-645-2111
Lancer Orthodontics Announces Death of its Chairman
SAN MARCOS, California - May 9, 1997 - LANCER ORTHODONTICS, INC. (NASDAQ: LANZ)
has announced that its chairman, Joseph H. Irani, has died from natural causes.
The Company's management team will remain in tact.
Mr. Zackary S. Irani, a current board member, was elected as the new Chairman of
the Board of Directors. Ms. Janet Moore, also a standing board member, has been
appointed as the secretary.
Lancer Orthodontics develops, manufactures and markets advanced orthodontic
products world wide.
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