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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): January 28, 1998
ULTRAFEM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27576 33-0435037
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(State or otherjurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
805 Third Avenue, 17th Floor, New York, New York 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 446-1400
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On January 28, 1998, Ultrafem, Inc. issued the press release (the
"Press Release") annexed as an exhibit hereto. The Press Release is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.2 Press Release of Ultrafem, Inc. dated January 28, 1998.
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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.
ULTRAFEM, INC.
(Registrant)
Dated: January 30, 1998 By: /s/ Dori M. Reap
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Dori M. Reap
Office of the Chief Executive,
Senior Vice President, Finance and
Administration, Secretary and Chief
Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Page No.
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99.2 Press Release of Ultrafem, Inc.
dated January 28, 1998
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[LOGO]
For Further Information,
Please Contact:
Philip L. Thomas
The P.L. Thomas Group, Inc.
312/906-8060
ULTRAFEM ANNOUNCES SENIOR MANAGEMENT CHANGES
NEW YORK, NY, JANUARY 28, 1998 -- The Board of Directors of Ultrafem, Inc.
(Nasdaq:UFEM) announced the termination of the Company's employment
arrangements with John Andersen, Chief Executive Officer and President, and
Audrey Contente, Executive Vice President. The Board has begun a search for a
new Chief Executive Officer and President. Pending the appointment of a new
Chief Executive Officer, the Company has established the Office of the Chief
Executive consisting of Dori M. Reap, Senior Vice President Finance, and
Tonya G. Hinch, Senior Vice President Marketing and Sales, according to Joy
V. Jones who has been named as Chairperson of the Board of Directors.
Ms. Jones said, "The Board has initiated this restructuring to facilitate the
Company's efforts with respect to a financing and other alternatives,
including the potential sale of the Company, its individual assets or
distribution rights." The Board also formed an Executive Committee consisting
of Richard A. Cone, Joy V. Jones, Martin Nussbaum and Charles D. Peebler, Jr.
Further, Mr. Andersen and Ms. Contente will remain Directors of the Company.
Ultrafem is a women's health care company. The Company's business strategy is
to develop, manufacture and market proprietary products based on its patented
SoftCup-Registered Trademark- Technology directed at high potential,
underserved segments of the women's health care market. The Company completed
an initial public offering in February 1996 and a secondary financing in
November 1996 to support the launch of its first commercial product,
INSTEAD-Registered Trademark-.
The statements contained in this release which are not historical facts are
forward-looking statements that involve risks and uncertainties. Such risks
include, but are not limited to, the changing priorities of customers, other
marketing risks, potential competitive response, and the need for additional
financing to successfully market and distribute INSTEAD-Registered Trademark-
as well as for unforeseen risks, among other factors affecting the business
which are described in the Company's filings with the Securities and Exchange
Commission. Management wishes to caution the reader that any forward-looking
statements are only predictions; actual events or results may differ
materially as a result of risks facing the Company.
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