Current Report Filing (8-k)
April 13 2015 - 5:23PM
Edgar (US Regulatory)
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
Date
of Report (Date of earliest event reported): April 7,
2015 |
INTERCORE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other
jurisdiction
of incorporation) |
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000-54012
(Commission
File
Number) |
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27-2506234
(I.R.S.
Employer
Identification
No.) |
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1615
South Congress Avenue - Suite 103
Delray
Beach, FL 33445
(Address of principal executive offices) (zip code) |
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(561)
900-3709
(Registrant’s
telephone number, including area code) |
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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:
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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 (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION
8 – OTHER EVENTS
Item
8.01 Other Events
On
April 7, 2015, based on confidential staff reports of the potential misuse of funds by certain members of the senior management
team of InterCore Canada Research Inc. ("ICR"), (formerly SRG International, Inc., and one of InterCore, Inc.’s
wholly-owned Canadian subsidiaries), our Board of Directors took action with respect to ICR which resulted in the filing of a
Notice of Intent to make a proposal pursuant to the provisions of the Canadian Bankruptcy and Insolvency Act. In connection
with this action, InterCore, Inc., as ICR's sole shareholder, placed ICR’s corporate and business decisions, as well as
day-to-day operations, under the direct control of InterCore’s executive management team. These immediate actions were taken
to protect ICR’s assets and protect our shareholder value while allowing that subsidiary to continue its operations while
being firmly under the control of our Board of Directors and executive management team with the assistance and protection of the
Canadian legal system.
While
we investigate these allegations, our main product line, DADS™ (Driver Alertness Detection System™), remains in the
control of InterCore, Inc., the Delaware parent corporation. The anticipated pilot programs and international launch of DADS in
the near future are not expected to be affected by this filing in Canada.
InterCore
Development Canada, Inc., also a wholly-owned Canadian subsidiary, is not affected by the actions taken with respect to ICR and
will, along with our key technical, sales, and marketing employees, provide any available support in furtherance of the commercialization
of DADS and DADS-related products.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: April
13, 2015 |
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InterCore,
Inc. |
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a
Delaware corporation |
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/s/
James F. Groelinger |
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By: James
F. Groelinger |
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Its: Chief
Executive Officer |
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