UNITED STATES
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 Report (Date of earliest event reported): December 4, 1998
Steritek, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 0-12547 22-2243703
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
121 Moonachie Avenue
Moonachie, NJ 07074
(Address of principal executive offices)
(Zip Code)
(201) 460-0500
(Registrant's telephone number, including area code)
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Item 5. Other Events
Steritek is pleased to announce that as of December 4, 1998 it entered into
an Agreement and Plan of Merger ("Agreement") with Quality Packaging
Specialists, Inc. ("QPSI"). Pursuant to that Agreement, QPSI proposes to
acquire all of the issued and outstanding shares of Steritek Common Stock
for $5,555,155.40, or approximately $1.39 per share. The purchase price is
to be paid in cash at closing to all Steritek shareholders except Albert J.
Wozniak. Mr. Wozniak, who holds approximately 65% of Steritek common stock,
will receive cash and a promissory note.
The transaction is subject to numerous conditions, including the requisite
approval of Steritek shareholders, the receipt by Steritek of an opinion that
the financial terms of the transaction are fair to its shareholders, and QPSI's
ability to arrange at least $2,200,000 in financing to consummate the
transaction. If all conditions are met, the transaction is expected to close on
or about March 1, 1999.
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STERITEK, INC. AND SUBSIDIARIES
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.
Steritek, Inc.
By/s/ James K. Wozniak
James K. Wozniak, Vice President,
Chief Financial Officer and
Secretary (principal financial
and accounting officer)
Date: December 15, 1998
