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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): April 29, 1997
ESCALON MEDICAL CORP.
(Exact name of registrant as specified in its charter)
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California 0-20127 33-0272839
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.)
incorporation)
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182 Tamarack Circle
Skillman, New Jersey 08558
(Address of principal executive offices)
Registrant's telephone number, including area code: (609) 497-9141
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ITEM 5. OTHER EVENTS.
On April 29, 1997, the Registrant announced, via press
release, that its President and Chief Operating Officer stepped down to
pursue other opportunities. The full text of the press release is
attached as Exhibit 99.1 and is incorporated into this Item 5 by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
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Exhibit No. Exhibit
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99.1 Press release, dated April 29, 1997.
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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.
ESCALON MEDICAL CORP.
(Registrant)
Dated: April 30, 1997 /s/ John T. Rich
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John T. Rich, Vice President of
Finance and Administration
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press release, dated April 29, 1997
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EXHIBIT 99.1
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AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD, INC.
John T. Rich, CPA Alison Ziegler - General
Vice President of Finance Brian Gill - Analyst
and Administration Gil Faggen - Media
(609) 497-9141 (212) 661-8030
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FOR IMMEDIATE RELEASE
April 29, 1997
ESCALON(R) MEDICAL CORP. ANNOUNCES STERLING C. JOHNSON STEPS
DOWN AS PRESIDENT AND CHIEF OPERATING OFFICER
Skillman, NJ - April 29, 1997 -- Escalon Medical Corp. (Nasdaq: ESMC) today
announced that Sterling C. Johnson has stepped down as President and Chief
Operating Officer, effective April 30, 1997, to pursue other opportunities. Mr.
Johnson will continue as a member of the Board of Directors. Richard J. DePiano,
Escalon's Chairman and Chief Executive Officer, will assume the responsibilities
of the President's office. The Company currently has no plans to fill the Chief
Operating Officer post.
Founded in 1987, Escalon develops, markets and distributes ophthalmic medical
devices and pharmaceuticals and is developing ophthalmic drug delivery systems
and lasers. Escalon has headquarters in Skillman, New Jersey, manufacturing
operations in Milwaukee, Wisconsin and laser laboratories in Irvine, California.
To receive additional information on ESCALON MEDICAL CORP.,
via fax, at no charge, dial
1-800-PRO-INFO and enter code ESMC.
