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): October 30, 2002
Neose Technologies, Inc.
(Exact name of issuer as specified in charter)
DELAWARE 0-27718 13-3549286
(State or Other (Commission (I.R.S. Employer
Jurisdiction file Identification
of Incorporation or number) Number)
Organization)
102 Witmer Road,
Horsham, Pennsylvania 19044
(Address of principal executive offices)
(215) 315-9000
(Registrant's telephone number, including area code)
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Item 5 -Other Events.
Amendment to Shareholder Rights Plan.
On October 18, 2002, the Board of Directors of Neose Technologies, Inc. (the
"Company") approved an amendment to the Amended and Restated Rights Agreement
between the Company and American Stock Transfer & Trust Company, as Rights
Agent, effective as of December 3, 1998 (the "Rights Agreement"). The terms of
the amendment are set forth in attached Amendment No. 3 to the Rights Agreement,
dated October 30, 2002, which permits a specified significant stockholder to
increase its percentage of beneficial ownership in the Company to more than 15%,
but less than 25%, without being deemed an Acquiring Person under the Rights
Agreement.
The Board also approved an agreement with the specified stockholder related to
the amendment to the Rights Plan, which is generally described in the attached
press release.
Item 7 - Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired: None
(b) Pro Forma Financial Information: None
(c) Exhibits: Reference is made to the Exhibit Index annexed hereto and
made a part hereof.
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Signatures
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
Neose Technologies, Inc.
Date: October 31, 2002 By: /s/ C. Boyd Clarke
-------------------------------------
C. Boyd Clarke
President and Chief Executive Officer
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Index to Exhibits
Exhibit No. Description
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4.1 Amendment No. 3 dated October 30, 2002 to the Amended and
Restated Rights Agreement dated as of December 3, 1998, between
Neose Technologies, Inc. and American Stock Transfer & Trust
Company, as Rights Agent.
99.1 Press Release issued on November 1, 2002 by Neose Technologies,
Inc.
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