- Current report filing (8-K)
22 May 2012 - 11:53PM
Edgar (US Regulatory)
UNITED
STATES
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): May 22, 2012
MEDICAL
ALARM CONCEPTS HOLDING, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
333-153290
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26-3534190
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
200
West Church Road, Suite B, King of Prussia, PA
|
19406
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(877)
639-2929
(Registrant’s
telephone number, including area code)
Not
Applicable
(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):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material
Definitive Agreement.
On May 16, 2012, the Company reached
agreement with FirstFitness International, Inc. to amend the financing agreement and security agreements dated January 4, 2012
where the Company provided a one-year loan to FirstFitness International. In this amendment the parties agree to the following:
Should FirstFitness International, Inc. pay to Medical Alarm Concepts Holdings, Inc. the sum of $35,000 by May 31, 2012 and the
additional sum of $35,000 by July 10, 2012, all remaining balances relating to the financing agreement dated January 4, 2012 will
be forgiven and the entire debt due to Medical Alarm Concepts Holdings, Inc. will have been satisfied. Should FirstFitness International,
Inc. fail to pay Medical Alarm Concepts Holdings, Inc. the sum of $35,000 by May 31, 2012 all provisions of the previous agreement
will remain in full force. Should FirstFitness International, Inc. pay Medical Alarm Concepts Holdings, Inc. the sum of $35,000
by May 31, 2012, but fail to pay Medical Alarm Concepts Holdings, Inc. the sum of $35,000 by July 10, 2012, the amount owed to
Medical Alarm Concepts Holdings, Inc. will be reduced by the previously paid $35,000, but all provisions of the previous agreement
will remain in full force.
Item 8.01. Other Events.
On May 17, 2012, the Company received
payment of revenue associated with the first sections of a previously announced sale of MediPendants. Total payments associated
with this release totaled $275,000. The Company expects additional revenue through the end of 2012 associated with this previously
announced contract announced on March 12, 2012.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Date: May
22, 2012
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MEDICAL
ALARM CONCEPTS HOLDING, INC.
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|
|
|
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By:
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/s/
Howard Teicher
|
|
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Howard Teicher
|
|
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Chief Executive
Officer
|
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