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
July 2, 2002
Date of Report
(Date of Earliest Event Reported)
Tech Laboratories, Inc.
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(Exact name of Registrant as specified in its charter)
New Jersey 000-27592 22-1436279
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(State or other jurisdiction of (Commission (I.R.S. Employee
incorporation or organization) File No.) I.D. Number)
955 Belmont Avenue
North Haledon, New Jersey 07508
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(Address of principal executive offices (Zip Code)
(973) 427-5333
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
Tech Laboratories, Inc. (the "Company") issued a press release on July
2, 2002, announcing that it had entered into an agreement pursuant to which the
holders of its 6.5% convertible promissory notes agreed to waive any defaults
until July 15, 2002, that may otherwise have occurred under the Amendment to
Redemption and Conversion Agreement dated April 19, 2002, in order to allow the
parties time to negotiate revised terms of their agreement.
The Company also announced it had been awarded a United States Patent,
No. 6,414,953 for its Multi-Protocol Cross Connect Switch, which covers aspects
of the Company's Dynatrax(TM) Network Management System. In addition, the
Company announced that, through its subsidiary, Tech Logistics, Inc., it had
received and delivered its Intrusion Detection System (IDS) to BAE Systems, a
defense contractor, and Dominion (TM), a nuclear and fossil power plant
operator.
(c) EXHIBITS.
10.1 Agreement by and between the Company and holders of the
Company's 6.5% convertible promissory notes issued in October
2000.
99.1 Press Release dated July 2, 2002.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Tech Laboratories, Inc.
Date: July 9, 2002
By: /s/ Bernard M. Ciongoli
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Bernard M. Ciongoli, President