UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 4, 2006
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IGI, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware |
001-08568 |
01-0355758 |
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(State or Other Jurisdiction |
(Commission File Number) |
(I.R.S. Employer |
105 Lincoln Avenue
Bunea, New Jersey 08310
(Address of Principal Executive Offices) (Zip Code)
(856) 697-1441
(Registrant’s Telephone Number, Including Area Code)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Item 1.01 Entry Into a Material Definitive Agreement
On October 4, 2006 the Registrant borrowed $100,000 from Pharmachem Laboratories, Inc. The loan is evidenced by a note, which matures on December 31, 2006 and accrues interest at a rate of 10%, per annum with interest payable at maturity. The note is secured by a second mortgage on the Registrant’s real property located in Buena, New Jersey.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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Item 1.01 is incorporated by reference. |
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Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
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10.1 |
Note, dated October 9, 2006 issued to Pharmachem Laboratories, Inc. |
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10.2 |
Mortgage dated October 9, 2006 |
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.
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IGI, INC. | |
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By: |
/s/ Frank Gerardi |
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Frank Gerardi |
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Chairman & Chief Executive Officer |
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Date: October 9, 2006 |
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EXHIBIT INDEX
Exhibit
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Number |
Description |
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10.1 |
Note, dated October 9, 2006 issued to Pharmachem |
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Laboratories, Inc. |
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10.2 |
Mortgage dated October 9, 2006. |