UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): October 15, 2004
VALLEY FORGE SCIENTIFIC CORP.
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(Exact name of registrant as specified in charter)
PENNSYLVANIA
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(State or other jurisdiction of incorporation)
001-10382 23-2131580
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(Commission File Number) (IRS Employer Identification Number)
136 Green Tree Road, Suite 100 Oaks, Pennsylvania 19456
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(Address of principal executive offices)
(610) 666-7500
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
Valley Forge Scientific Corp. entered into the definitive agreement
described below.
Agreement With Codman & Shurtleff, Inc.
On October 15, 2004, we entered into a new agreement with Codman &
Shurtleff, Inc. ("Codman"), our principal customer, that will restore stability
to this critical and long standing distribution alliance and defines our
business relationship through December 31, 2005. Under the agreement, Codman
will continue to have distribution rights to our existing products in the fields
of neurocranial and neurospinal surgery and is given certain rights to market
our new multifunctional electrosurgical generator and disposable instrumentation
in the fields of neurocranial and neurospinal surgery. Under the agreement,
Codman continues to be the exclusive worldwide distributor of our existing
products in the fields of neurocranial and neurospinal surgery through March 31,
2005, and the nonexclusive distributor in those fields until December 31, 2005.
For the period from October 1, 2004 to March 31, 2005, Codman will be required
to make minimum purchases of $1 million per calendar quarter.
SIGNATURES
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Pursuant to the requirement of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DATE: October 21, 2004
VALLEY FORGE SCIENTIFIC CORP
By: /s/ JERRY L. MALIS
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Jerry L. Malis, President and
Chief Executive Officer