SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2004 Commission File Number: 0-22286 Taro Pharmaceutical Industries Ltd. -------------------------------------------------------------------------------- (Translation of registrant's name into English) Italy House, Euro Park, Yakum 60972, Israel -------------------------------------------------------------------------------- (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F |X| Form 40-F |_| Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes |_| No |X| The following is included in this Report on Form 6-K: 1. In its Annual Report on Form 20-F for the year ended December 31, 2003, Taro Pharmaceutical Industries Ltd. (the "Registrant") described (i) litigation pending in the Superior Court of the State of New York seeking, among other relief, the distribution of shares of the Registrant held by two privately-held corporations and (ii) an agreement-in-principle to settle the litigation. On August 3, 2004, a definitive agreement, containing the terms of the agreement-in-principle that were described in the Form 20-F, was executed by each of the parties to the litigation and came into effect. 2 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, thereunto duly authorized. Taro Pharmaceutical Industries Ltd. Date: August 4, 2004 By: /s/ Kevin Connelly -------------------------------- Kevin Connelly Senior Vice President and Chief Financial Officer 3