<PAGE> 1
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):
June 14, 1999
PERRIGO COMPANY
--------------------------------------------------
(Exact name of registrant as specified in charter)
MICHIGAN 0-19725 38-2799573
- --------------- ------------ ----------------
(State of other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
515 Eastern Avenue, Allegan, Michigan 49010
- -------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(616) 673-8451
- --------------
<PAGE> 2
ITEM 5. Other Events
The Perrigo Company announced that under the provisions of its
liability insurance coverage, the Company will receive an $8 million
reimbursement for legal expenses and costs associated with the recently
dismissed class action lawsuit and the related derivative lawsuit.
As a result, the Company will recognize in fiscal 1999's fourth quarter
a one-time pre-tax gain of $8 million or approximately $5 million and $0.07 per
basic share after tax. The one-time gain will be accounted for as an offset to
unusual litigation expenses.
Additionally, Perrigo announced that the U.S. District Court approved
the final dismissal of the shareholder derivative lawsuit. An order in favor of
Perrigo was entered by the Honorable Gordon J. Quist, U.S. District Judge for
the Western District of Michigan on May 24, 1999, dismissing the derivative
lawsuit. This dismissal follows the dismissal of a related shareholder class
action lawsuit in late March 1999.
<PAGE> 3
SIGNATURES
Pursuant to the requirement 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.
PERRIGO COMPANY
(Registrant)
By: /s/Thomas J. Ross
-------------------------------
Dated: June 14, 1999 Thomas J. Ross
Vice President-Finance
