SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): January 9, 1998
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The Quigley Corporation
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(Exact Name of Registrant as Specified in Charter)
NEVADA 01-21617 23-2577138
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Landmark Building, PO Box 1349, Doylestown, PA 18901
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (215) 345-0919
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N/A
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(Former Name or Former Address, if Changed Since Last Report.)
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Item 5. OTHER EVENTS.
On January 9, 1998, the Registrant announced that its Board of
Directors has authorized the repurchase of up to 250,000 shares of its
outstanding Common Stock. Purchases will be made from time-to-time in the open
market over the next twelve months to take advantage of the Registrant's strong
cash position and lack of long-term debt. The schedule and amount of shares
re-purchased will depend on market conditions.
In a press release issued on January 9, 1998, Guy J. Quigley, Chairman
of the Board, commented, "The Board believes that the current market valuation
of the Company's Common Stock does not adequately reflect either current sales
and earnings and or future growth potential, and therefore a timely repurchase
program is clearly in the best interests of our thousands of shareholders."
This Current Report contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward- looking statements involve risks
and uncertainties which may cause the actual results or objectives to be
materially different from those expressed or implied by such forward-looking
statements. Such factors include, among other things, adverse changes in
government regulations, worldwide competition, ability to maintain relationships
with supplier and customers and other factors set forth in the Registrant's Form
10-KSB, as amended, for the fiscal year ended September 30, 1996.
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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.
THE QUIGLEY CORPORATION
Dated: January 13, 1998 By: /s/ Guy J. Quigley
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Name: Guy J. Quigley
Title: President
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