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HSKA > SEC Filings for HSKA > Form 8-K on 5-May-2009All Recent SEC Filings

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Form 8-K for HESKA CORP


5-May-2009

Termination of a Material Definitive Agreement


Item 1.02 Termination of a Material Definitive Agreement.

On May 1, 2009, Heska Corporation (the "Company") received from Abbott Point of Care Inc., f/k/a i-STAT Corporation ("APOC"), written notice that it was exercising its previously disclosed right to terminate the Distribution Agreement, dated as of October 29, 2004, as amended, between the Company and APOC (the "Distribution Agreement"), effective as of November 1, 2009 (the "Effective Date"). Under the agreement, Heska maintained exclusive rights to sell certain handheld blood analysis instruments and affiliated cartridges and supplies (the "Products") throughout the world other than Japan. Until the Effective Date, Heska is to continue to have non-exclusive rights to purchase and sell the Products globally under the Distribution Agreement. No early termination penalties are expected to be incurred by either party as a result of this matter.

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