- Current report filing (8-K)
04 Junho 2009 - 6:10PM
Edgar (US Regulatory)
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):
May 29, 2009
Interleukin Genetics, Inc.
(Exact Name of Registrant as Specified in Its
Charter)
Delaware
(State or Other Jurisdiction of
Incorporation)
001-32715
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94-3123681
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(Commission File Number)
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(IRS Employer
Identification No.)
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135
Beaver Street Waltham, MA
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02452
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(Address of Principal
Executive Offices)
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(Zip Code)
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(781)
398-0700
(Registrants Telephone Number, Including
Area Code)
(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 (
see
General Instruction A.2. below):
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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ITEM 2.03 Creation of a Direct Financial Obligation.
On May 29, 2009, Interleukin Genetics, Inc. (we, our, us)
elected to draw down $1.0 million under our existing convertible credit
facility (described below) with Pyxis Innovations Inc. (Pyxis), an affiliate
of Alticor Inc., and issued a convertible promissory note to Pyxis in that
amount. The principal amount of the note is due and payable on August 16,
2011. The note bears interest at a variable rate equal to the prime rate
and the interest is payable quarterly. Prior to the maturity date, any
portion or the entire outstanding principal and any accrued but unpaid interest
under the note is convertible at Pyxiss election into shares of our common
stock at a price of $5.6783 per share.
We originally entered into the credit facility pursuant to a note
purchase agreement on October 23, 2002, which was subsequently amended on November 13,
2002, January 28, 2003, March 5, 2003, February 23, 2006, August 17,
2006, August 12, 2008 and March 11, 2009. Under the note
purchase agreement, as amended, Pyxis extended us a credit facility in the
amount of $14.3 million. In June 2008, we drew down $4.0 million and
on May 29, 2009, we drew down $1.0 million, leaving $9.3 million available
to us under the credit facility. We may borrow under the credit facility
until March 31, 2010. All such
borrowing becomes due on August 16, 2011 and is convertible into shares of
common stock at a conversion price equal to $5.6783 per share.
2
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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Interleukin Genetics, Inc.
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(Registrant)
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Date:
June 4, 2009
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/s/ ELIOT M. LURIER
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Eliot M. Lurier
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Chief Financial Officer
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(Signature)
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3
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