UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 24, 2009
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HearUSA, Inc. |
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(Exact Name of Registrant as Specified in Charter) |
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Delaware |
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001-11655 |
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22-2748248 |
(State or Other |
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(Commission |
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(I.R.S. Employer |
1250 Northpoint Parkway |
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33407 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: |
(561) 478-8770 |
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On February 24, 2009, HearUSA, Inc. (the Company) and AARP Services, Inc. reached an agreement in principle to address the restructured royalty compensation of the AARP License Agreement and related changes to the Services Agreement between the Company and AARP. Upon completion of final documentation of the amended agreements and approvals of the Companys Board of Directors and AARPs boards, a new start date for the program will be announced. These actions are being taken pursuant to the terms of the December 2008 amendment to the License Agreement where the parties amended the License to eliminate the annual licensing payment provision and agreed to negotiate a restructured royalty compensation by January 16, 2009 or such later date as decided by AARP. If the parties are unable to reach agreement, AARP may terminate the agreement and engage another entity to provide the program to its members.
SIGNATURE
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.
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HearUSA, Inc. | |
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(Registrant) | |
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Date: February 24, 2009 |
By: |
/s/ Stephen J. Hansbrough |
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Name: Stephen J. Hansbrough |
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Title: Chairman and |