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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
October 13, 2004
Date of Report (Date of earliest event reported)
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COMPETITIVE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8696 36-2664428
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1960 Bronson Road, Fairfield, Connecticut 06824
(Address of principal executive offices) (Zip Code)
(203) 255-6044
(Registrant's telephone number, including area code)
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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:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
On October 13, 2004, Competitive Technologies, Inc. ("CTT") confirmed that
Federal Insurance Company ("Federal") has agreed to settle the litigation
brought by CTT concerning CTT's directors' and officers' liability insurance
policy with Federal. A payment is being made by Federal to CTT as settlement of
a claim for expenses previously recorded in CTT's financial statements. The
litigation concerns costs incurred by CTT relating to an SEC investigation of
the company's 1998 stock buyback program. Federal also confirms that it will
cover liabilities incurred in the SEC litigation going forward under the terms
of the D&O policy.
A copy of the press release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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Exhibit 99.1 Press release dated October 13, 2004.
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.
COMPETITIVE TECHNOLOGIES, INC.
Date: October 14, 2004 By: /s/ John B. Nano
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Name: John B. Nano
Title: President and
Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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Exhibit 99.1 Press release dated October 13, 2004 announcing that
the Company reached a claims agreement with its
insurance provider.