Current Report Filing (8-k)
May 01 2015 - 4:17PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Act of 1934
Date of report (Date of earliest event reported):
April 16, 2015
INERGETICS, INC.
(Exact Name of Registrant as Specified in
Charter)
Delaware
(State or Other Jurisdiction
of Incorporation) |
0-3338
(Commission
File Number) |
22-1558317
(IRS Employer
Identification No.) |
550 Broad Street, Suite 1212, Newark, NJ 07102
(Address of Principal Executive Offices, including Zip Code)
Registrant's telephone number, including
area code: (908) 604-2500
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
(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
Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Act (17 CFR 240.13e-4(c)) |
| Item 1.01 | Entry into a Material Definitive Agreement. |
On April 25, 2015, Inergetics, Inc. (the
“Company”) received a letter dated April 16, 2015 (the “Notice”) from Martha Stewart Living Omnimedia,
Inc. (“MSLO”) terminating the License Agreement (the “Agreement”) dated May 7, 2013 between MSLO and the
Company. The Company’s management made the decision not to make payments under the Agreement. Pursuant to the Notice, the
Agreement shall terminate on May 16, 2015. There is a six month period for the Company to sell through product inventory. The Company
will continue to support sales and marketing during this period.
During the last quarter of 2014 and the
fiscal year ended December 31, 2014, sales of products under the Agreement represented, respectively, approximately 20% and 52%
of total sales. Accordingly, management does not believe that the termination of the Agreement will have a material adverse effect.
Signatures
Pursuant to the requirements of the Securities
Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 1, 2015 |
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INERGETICS, INC. |
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By: |
/s/ Michael C. James |
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Michael C. James |
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Chief Executive Officer and |
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Chief Financial Officer |
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