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)
BIOMERICA, INC.
----------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-08765 95-2645573
------------ --------- ---------------
(State or Other (Commission (IRS Employee
Jurisdiction of File Number) Identification Number)
1533 Monrovia Avenue
Newport Beach, California 92663
-------------------------------
(Address of Principal Executive Offices
Including Zip Code)
714-645-2111
----------------------
(Registrant's Telephone Number,
Including Area Code)
----------------------------------
(Former Name or Former Address if Changed
Since Last Report)
page 1 of 4 pages
<PAGE>
Item 1. Change of Control.
On April 28, 1997, Joseph Irani, Chief Executive Officer, Director and
control shareholder of Biomerica, Inc. (the `Company'') died of natural causes.
Mr. Irani was the beneficial owner of 15% of the outstanding shares of common
stock of the Company (the `Shares'') as defined under Rule 13d-3. The Shares
are currently being probated in the estate of Mr. Irani. 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 added Janet Moore and Zackary Irani to the Board of
Directors. Mr. Zackary Irani replaced Mr. Joseph Irani as the interim Chief
Executive Officer.
(C) Exhibits
99.1 Press Release dated April 30, 1997.
<PAGE>
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 Biomerica, Inc.
By: /S/Zackary S. Irani
----------------------
Zackary S. Irani
President
<PAGE>
EXHIBIT 99.1
------------
FOR IMMEDIATE RELEASE
---------------------
Contact: Zackary S. Irani
Tel. 714-645-2111
Biomerica Announces Death of its Chairman & CEO
New Board Members Elected
NEWPORT BEACH, California - April 30 - BIOMERICA, INC. (NASDAQ: BMRA) has
announced that its founder, chairman and CEO Joseph Irani, has died from natural
causes. The company has added two new board members, and appointed Janet Moore
as the new Chairperson of the Board of Directors. Mr. Zackary S. Irani has been
appointed to the Board of Directors and as the interim CEO.
Janet Moore has served the company for over 20 years, most recently as
controller and secretary. Zackary Irani, the Vice President of Business
Development, has served the company for over 10 years and holds an MBA degree.
BIOMERICA develops, manufactures, and markets advanced diagnostic products for
