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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) March 1, 2000
PREMIER LASER SYSTEMS, INC.
(Exact name of registrant a specified in its Charter)
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California 0-25242 33-0472684
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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3 Morgan, Irvine, California 92618
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (949) 859-0656
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Furlough
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On March 1, 2000, the Company placed all but 9 of its employees on
unpaid leave in order to address short term liquidity issues. The Company has
been unable to obtain financing that would enable it to continue operating and
has been required to suspend operations. The Company is pursuing the sale of
certain of its intellectual property assets in order to raise cash and provide
the Company an opportunity to restructure. It is likely that the Company will
need to file for bankruptcy protection in the near future in order to protect
the Company from creditor action while it pursues potential transactions.
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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.
Date: March 2, 2000 PREMIER LASER SYSTEMS, INC.
By: /s/ Robert V. Mahoney
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Robert V. Mahoney, Chief Financial Officer
