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) September 29, 1998
Cortech, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of Incorporation)
0-22018 84-0894091
(Commission File Number) (IRS Employer Identification Number)
6850 N. Broadway, Suite G, Denver, Colorado 80221
(Address of Principal Executive Offices) (Zip Code)
303-650-1200
(Registrant's Telephone Number, including area code)
Not Applicable
(Former name or former addresses, if changed since last report)
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Item 5. Other Information
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On September 29, 1998, the Board of Directors of Cortech, Inc. (the
"Company") authorized the redemption of all outstanding preferred share purchase
rights issued pursuant to the Rights Agreement, dated as of June 13, 1995,
between the Company and American Securities Transfer, Inc., as Rights Agent,
effective as of the close of business on October 13, 1998, with the redemption
price of $.10 per right to be paid in cash on October 14, 1998 to the holders of
record of Common Stock of the Company as of the close of business on October 13,
1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
Item Exhibit
20 Copy of the letter to be sent to Stockholders, dated October 14, 1998,
relating to the redemption of preferred share purchase rights issued
pursuant to the Agreement, dated as of June 13, 1995, between the
Company and American Securities Transfer, Inc., as Rights Agent.
<PAGE>
SIGNATURE
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.
CORTECH, INC.
By: /s/ John W. Galuchie, Jr.
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Name: John W. Galuchie, Jr.
Title: President
Dated: October 5, 1998
Cortech, Inc.
6850 North Broadway
Denver, CO 80221
(303) 650-1200
Fax(303) 650-1220
October 14, 1998
To the Stockholders of Cortech, Inc.:
On September 29, 1998, the Board of Directors of Cortech, Inc. (the "Company")
authorized the redemption of all outstanding preferred share purchase rights
issued pursuant to the Rights Agreement, dated as of June 13, 1995, between the
Company and American Securities Transfer, Inc., as Rights Agent, effective as of
the close of business on October 13, 1998, with the redemption price of $.10 per
right to be paid in cash on October 14, 1998 to the holders of record of Common
Stock of the Company as of the close of business on October 13, 1998. No further
action is required by you in connection with the redemption.
Enclosed please find a check for the total redemption price payable to you.
Thank you for your continued interest in and support for the Company.
Sincerely,
/s/ Paul O. Koether
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Paul O. Koether
Chairman
