UNITED STATES
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
June 23, 2005 (June 23, 2005)
Date of Report (Date of earliest event reported)
COMPETITIVE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8696 36-2664428
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number ) Identification No.)
1960 Bronson Road, Fairfield, Connecticut 06824
(Address of principal executive offices) (Zip Code)
(203) 255-6044
(Registrant's telephone number, including area code)
Not Applicable
(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:
|_| 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 8.01 Other Events.
On June 23, 2005, Competitive Technologies, Inc. ("CTT") announced that it
has received $1.7 million in cash from Palatin Technologies, Inc. ("PTN"). CTT
will also receive 170,000 shares of PTN stock. CTT's share of the payment will
be about $0.7 million and 68,000 shares of PTN stock. Pursuant to CTT's license
with PTN, CTT receives a portion of any funds received by PTN for this
technology. The funds were generated by PTN through their strategic alliance
with King Pharmaceuticals, Inc.
A copy of the press release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
Exhibit No. Description
----------- -----------
Exhibit 99.1 Press release dated June 23, 2005.
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.
COMPETITIVE TECHNOLOGIES, INC.
Date: June 23, 2005 By: /s/ Donald J. Freed
Name: Donald J. Freed
Title: President and
Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
Exhibit 99.1 Press release dated June 23, 2005 announcing that CTT
and clients receive a royalty payment from Palatin
Technologies, Inc.