OSI SYSTEMS,INC. (NASDAQ:OSIS) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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OSI SYSTEMS,INC. (NASDAQ:OSIS) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure

As previously reported, on May31, 2017, OSI Systems,Inc. (the“Company”) and its subsidiary OSI (Holdings) Company Limited, a UK limited company (collectively, the “Purchasers”), entered into an Equity Purchase Agreement (the“Purchase Agreement”) with Smiths Detection, LLC and its affiliates (“Sellers”) to acquire the global explosive trace detection business that Sellers purchased from Morpho USA,Inc. in April2017 (the “Business”). On July7, 2017, the Purchasers completed the acquisition of the Business from Sellers and paid $75.5 million in cash, subject to a net working capital adjustment.

On July10, 2017, the Company issued a press release announcing the closing of transactions contemplated by the Purchase Agreement. A copy of that press release is attached hereto as Exhibit99.1 and is incorporated herein by this reference.

As provided in General Instruction B.2 of Form8-K, the information in this Item 7.01 and Exhibit99.1 incorporated herein shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01. Financial Statements and Exhibits.

(d)Exhibits

ExhibitNo.

Description

99.1

Press Release dated July10, 2017


OSI SYSTEMS INC Exhibit
EX-99.1 2 a17-17117_1ex99d1.htm EX-99.1 Exhibit 99.1   OSI SYSTEMS COMPLETES ACQUISITION OF EXPLOSIVE TRACE DETECTION (ETD) BUSINESS   HAWTHORNE,…
To view the full exhibit click here

About OSI SYSTEMS,INC. (NASDAQ:OSIS)

OSI Systems, Inc., through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company operates in three segments, which include Security, which provides security and inspection systems, turnkey security screening solutions and related services; Healthcare, which provides patient monitoring, diagnostic cardiology, anesthesia delivery and ventilation systems and defibrillators, and Optoelectronics and Manufacturing, which provides electronic components and electronic manufacturing services for the Security and Healthcare divisions, as well as to external original equipment manufacturer (OEM) customers and end users for applications in the defense, aerospace, medical and industrial markets, among others.