SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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 28, 2007
Patient
Safety Technologies, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
333-124594
(Commission
File
Number)
|
13-3419202
(I.R.S.
Employer
Identification
Number)
|
1800
Century Park East, Ste. 200, Los Angeles, CA 90067
(Address
of principal executive offices) (zip code)
(310)
895-7750
(Registrant's
telephone number, including area code)
Marc
J.
Ross, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On
February 28, 2007, William “Bill” Adams, Chairman and Chief Executive Officer of
the Company’s primary subsidiary SurgiCount Medical, Inc., was elected President
of the Company upon the resignation of Lynne Silverstein. Ms. Silverstein was
elected to the position of Executive Vice President of the Company and also
retains her title of Corporate Secretary.
Item
8.01 Other Events.
The
Company announced today, March 6, 2007, that its common stock will be included
for quotation on the Over the Counter (“OTC”) Bulletin Board, starting
immediately, under the ticker symbol PSTX.OB. A copy of the press release is
attached hereto.
Item
9.01 Financial Statements and Exhibits.
Exhibit
Number
|
|
Description
|
99.1
|
|
Press
Release issued by Patient Safety Technologies, Inc. on March 6, 2007
(filed herewith)
|
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
|
Patient
Safety Technologies, Inc.
|
|
|
|
Dated:
March 6, 2007 |
By: |
/s/
Lynne Silverstein |
|
Name:
Lynne
Silverstein |
|
Title:
Executive
Vice President |