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 Earliest Event Reported: July 19, 1995
MEDAR, INC.
(Exact name of registrant as specified in its charter)
Michigan
(State or other jurisdiction of incorporation)
38700 Grand River Avenue
Farmington Hills, Michigan
(Address of principal executive offices)
48335
(Zip Code)
Registrant's telephone number,
including area code: (810)477-3900
0-12728
(Commission file number)
38-2191935
(IRS Employer Identification No.)
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ITEM 5 OTHER EVENTS.
On July 19, 1995, Medar, Inc. reported in a press release that it had
settled its patent litigation which was initiated by Square D Company
in April of 1994 in the Federal District Courts in Eastern District of
Michigan and in Delaware. This resolution also settles claims made by
Medar against Square D for violation of a Medar patent. The terms of
the settlement made under the auspices of the Federal District Court
in Delaware provide for a cross license agreement on all single phase
welding patents held by either company.
Specific terms of the agreement will not be disclosed. However, Medar
expects to record an after tax charge, for payments under the terms of
the settlement and for other related expenses, which is anticipated
to approximate $3.1 million ($.36 per share) in its quarter ended
June 30, 1995. In addition, Medar has agreed to make yearly payments
for the use of technology in the future that are expected to
approximate 1% of sales of welding products.
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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, thereunto duly authorized.
MEDAR, INC.
/s/CHARLES J. DRAKE 07/28/95
Charles J. Drake
President & Chairman of the Board
/s/RICHARD R. CURRENT 07/28/95
Richard R. Current
Vice President of Finance
