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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
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 8, 2000
AVATEX CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
1-8549 25-1425889
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(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.)
5910 N. CENTRAL EXPRESSWAY, SUITE #1780 75206
DALLAS, TEXAS
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
214-365-7450
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Exhibit Index on Page 3
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Item 5. Other Events
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On December 8, 2000, Avatex Corporation ("Avatex") announced that it
entered into a settlement agreement with the Trustee of FoxMeyer Corporation and
its subsidiaries with respect to Avatex's promissory note obligation owed to the
Trustee and Avatex's 30% interest, up to the greater of (i) $10,000,000 and (ii)
the amount due on the note, in any net recovery in certain litigation filed by
the Trustee. Under the settlement, Avatex will pay the Trustee $6 million in
cash and assign to the Trustee Avatex's 30% interest in the litigation. The note
obligation, which is in the original principal amount of $8 million, will be
deemed satisfied under the settlement. The settlement is subject to approval by
the United States Bankruptcy Court for the District of Delaware that has
jurisdiction over the bankruptcy cases of FoxMeyer Corporation and its
subsidiaries.
Reference is hereby made to the Press Release, dated December 8, 2000,
which is attached hereto as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
99 Press Release dated December 8, 2000, issued by Avatex
Corporation.
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.
AVATEX CORPORATION
(Registrant)
By: /s/ Robert H. Stone
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Robert H. Stone
Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE
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99 Press Release dated December 8, 2000, issued by Avatex Corporation.
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