- Current report filing (8-K)
July 08 2009 - 5:20PM
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): July 7, 2009
DIGITAL ANGEL
CORPORATION
(Exact name of registrant as
specified in its charter)
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DELAWARE
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0-26020
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43-1641533
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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490 VILLAUME AVENUE
SOUTH
SAINT PAUL, MINNESOTA
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55075
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number,
including area code:
651-455-1621
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(Former name or former address if changed since last report.)
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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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 8.01 Other Events.
Effective January 1, 2009, Digital
Angel Corporation (the “Company,” “we,”
“our,” or “us”) adopted the provisions of Statement of
Financial Accounting Standards No. 160,
Noncontrolling Interests in
Consolidated Financial Statements – an amendment of ARB No. 51
(“SFAS 160”). SFAS 160 requires that a noncontrolling interest
in a subsidiary be reported as equity and the amount of consolidated net income
specifically attributable to the noncontrolling interest be identified in the
consolidated statements of operations. It also calls for consistency in the
manner of reporting changes in the parent’s ownership interest and
requires fair value measurement of any non-controlling equity investment
retained in deconsolidation. The presentation and disclosure requirements of
this statement are applied retrospectively.
In this Current Report on Form 8-K, we
are filing our audited consolidated financial statements as of
December 31, 2008 and 2007 and for each of the years in the three-year
period ended December 31, 2008, which give effect to the retrospective
application of the adoption of SFAS 160. We are also filing in this Current
Report on Form 8-K Selected Financial Data and Management’s Discussion
and Analysis of Financial Condition and Results of Operations, which have been
adjusted to give effect to the retrospective application of this standard.
The information in this Current Report
on Form 8-K should be read in conjunction with the Company’s 2008 Annual
Report on Form 10-K and Quarterly Report on Form 10-Q for the three-months
ended March 31, 2009.
Item 9.01 Financial Statements
and Exhibits
(d) Exhibits
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Exhibit
No.
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Description
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23.1
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Consent of Independent Registered Public
Accounting Firm
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99.1
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Selected Financial Data, Management’s
Discussion and Analysis of Financial Condition and Results of Operations and
Financial Statements and Supplementary Data
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2
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.
DIGITAL ANGEL
CORPORATION
Date: July 8, 2009
By:
/
s/
Lorraine M.
Breece
Name:
Lorraine M. Breece
Title: Senior Vice President and
Chief Financial
Officer
3
EXHIBIT INDEX
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Exhibit
No.
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Description
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23.1
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Consent of Independent Registered Public
Accounting Firm
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99.1
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Selected Financial Data, Management’s
Discussion and Analysis of Financial Condition and Results of Operations and
Financial Statements and Supplementary Data
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