UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 5(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 22, 2000
PENTECH INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-15374 23-2259391
(Commission File Number) (IRS Employer Identification No.)
195 Carter Drive, Edison, NJ 08817
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732) 287-6640
(Former name or former address, if changed since last report).
Page 1 of 3.
Item 5. Other Events.
On May 22, 2000, Pentech International Inc. (the "Company")
entered into an Agreement of Merger of JAKKS Acquisition II, Inc.
("Merger Sub") with and into the Company by and among JAKKS
Pacific, Inc. ("JAKKS"), Merger Sub and the Company (the "Merger
Agreement"). Subject to the satisfaction of customary conditions,
including required regulatory approvals, the Merger Agreement
provides for the merger (the "Merger") of Merger Sub with and into
the Company in exchange for merger consideration of $1.40 per
share of Common Stock of the Company (the "Common Stock").
On May 22, 2000, JAKKS entered into a Voting and Lock-Up
Agreement (the "Voting Agreement") with Noelle Makenzie Kalin,
Richard S. Kalin, Dana Melnick, David Melnick, Libby Melnick and
Norman Melnick, each significant stockholders of the Company (the
"Principal Stockholders"). Until completion of the proposed Merger
or termination of the Merger Agreement, the Principal Stockholders
agreed to vote their shares of Common Stock to adopt the Merger
Agreement and to approve the Merger and not to sell, otherwise
assign, or relinquish their right to vote, their shares of Common
Stock.
Item 7. Exhibits.
Exhibit No.
10.1 Agreement of Merger of JAKKS Acquisition II, Inc. with
and into Pentech International Inc. dated May 22, 2000.
10.2 Voting and Lock-Up Agreement dated May 22, 2000 by and
between JAKKS Pacific, Inc. and the stockholders of
Pentech International Inc. listed on the signature page
thereof.
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.
PENTECH INTERNATIONAL INC.
May 31, 2000 By:s/David Melnick
David Melnick,
President and Chief
Executive Officer
