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): January 21, 1999
SCOTT'S LIQUID GOLD-INC.
(Exact name of Registrant as specified in its charter)
Colorado 0-12343 84-0920811
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
4880 Havana Street, Denver, CO 80239
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (303) 373-4860
Item 5. Other Events.
Scott's Liquid Gold-Inc. (the "Company") has previously reported on a
lawsuit filed in the Federal District Court for the District of Colorado against
the Company, Neoteric Cosmetics, Inc., a wholly-owned subsidiary of the Company
which manufactures and sells skin care products under the name Alpha Hydrox, and
the Company's chairman, Jerome J. Goldstein. The plaintiffs in the case have
been Leslee Brooks (a daughter of Mr. Jerome J. Goldstein), her husband, Dr.
Norman Brooks (a California dermatologist), and a related corporation. The
lawsuit has involved a claim for compensation by the Brooks relating to Alpha
Hydrox products. On July 24, 1998, a jury unanimously found in favor of the
Company, its subsidiary, and Jerome J. Goldstein. The jury found that there was
no liability as to each claim of the plaintiffs. Subsequently, the plaintiffs
in the Brooks case filed an appeal of the judgment to the United States Tenth
Circuit Court of Appeals.
On January 21, 1999, the Company entered into a settlement agreement with
the plaintiffs in the Brooks case. The settlement results in a dismissal of the
appeal of that case and a release regarding the Company and the other defendants
in the case. In the settlement, the defendants paid $225,000 to the plaintiffs.
The Company continues to believe that the claims of the plaintiffs in the Brooks
case were groundless. The settlement allowed the Company to avoid the cost,
time, and any uncertainty involved in an appeal of the case.
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.
Scott's Liquid Gold-Inc.
(Registrant)
Date: January 25, 1999 By: Barry Shepard, Treasurer
