- Current report filing (8-K)
07 Mayo 2010 - 3:32PM
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):
May 3,
2010
LAZARE KAPLAN INTERNATIONAL
INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-7848
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13-2728690
|
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
|
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incorporation
or organization)
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File
Number)
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Identification
No.)
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19 West 44
th
Street, New York, New York
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10036
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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
(212)
972-9700
Not
Applicable
(Former
name, former address and former fiscal year, 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):
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))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On May 5,
2010, Robert A. Del Genio announced to Lazare Kaplan International Inc. (the
“Company”) his decision to resign as a member of the Board of Directors of the
Company, effective as of that day. Mr. Del Genio’s decision to resign was not
due to a disagreement with the Company on any matter relating to the Company’s
operations, policies or practices.
Mr. Del
Genio resigned due to potential conflicts of interest relating to a lawsuit
recently brought by the Company against insurance companies
that are represented by, or that have affiliates that are represented by, Conway
Del Genio,
Gries
& Co., LLC, in matters unrelated to the Company. Mr. Del Genio is a member
and co-founder of Conway Del Genio,
Gries
& Co., LLC.
The Board
of Directors of the Company has not as of yet identified a replacement to fill
the vacancy on the Board created by Mr. Del Genio’s resignation.
The
Company previously announced on January 5, 2010 that it and certain insurers of
the Company and underwriters (collectively, the “Underwriters”), entered into an
Agreement for Interim Payment (the “Agreement”). Pursuant to the Agreement,
among other things, the Underwriters committed to reach a decision by May 3,
2010 as to whether the Company has coverage under certain of its insurance
policies with respect to claims made by it and, if so, the amount of payment for
the same.
On May 3,
2010, the Underwriters informed the Company that they (a) concluded that the
Company has not met its burden to show that the Underwriters are obligated at
this time to make a payment under the insurance policies and (b) are at present
denying any obligation to make any payment to the Company. The Company is
permitted to submit additional evidence to support its claims which will then be
considered by the Underwriters.
Such
determination by the Underwriters does not effect or otherwise require the
return of the interim payment of $28 million and the Company’s “sue and labor”
costs and expenses, previously paid to the Company pursuant to the
Agreement.
Accordingly,
at this time, the Company cannot resolve the material uncertainties that prevent
it from completing the audit of its 2009 fiscal year financial statements or the
unaudited financial statements for the subsequent interim periods.
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Item
9.01.
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Financial
Statements and Exhibits.
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(d)
Exhibits.
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Exhibit
Number
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Description
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99.1
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Press
Release dated May 7, 2010
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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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LAZARE
KAPLAN INTERNATIONAL INC.
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By:
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/s/ William
H. Moryto
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William
H. Moryto,
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Vice
President and Chief Financial Officer
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Lazare Kaplan (AMEX:LKI)
Gráfica de Acción Histórica
De Jul 2024 a Jul 2024
Lazare Kaplan (AMEX:LKI)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024
