Natural Alternatives International, Inc. - Recent Material Event
|Item 1.01||Entry into a Material Definitive Agreement.|
On August 8, 2011, the U.S. District Court for the District of Delaware approved a settlement agreement between Natural Alternatives International, Inc. (NAI) and Vital Pharmaceutical, Inc. (VPX). As part of the settlement, NAI granted VPX a limited and restricted covenant not to sue on certain claims of NAIs asserted beta-alanine patents and VPX agreed to dismiss its claims of invalidity and to cease certain business activities.
On August 9, 2011, NAI executed an Agreement to License with Compound Solutions, Inc. (CSI) under which NAI has agreed to renew its agreement with CSI to grant a license of certain of NAIs rights to the use, manufacture and sale of products incorporating its patented Carnosyn® beta-alanine to customers of CSI who purchase the material beta-alanine from CSI (the CSI Agreement). NAI will receive a license fee from CSI that will vary based on the quantity of beta-alanine sold by CSI and the source of such beta-alanine.
|Item 8.01||Other Events.|
On August 12, 2011, NAI issued a press release announcing the CSI Agreement and the settlement of its patent litigation case with VPX. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
|Item 9.01.||Financial Statements and Exhibits.|
|99.1||Press release dated August 12, 2011 of NAI.|
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.
Natural Alternatives International, Inc.
|Date: August 12, 2011||By:|
|Chief Financial Officer|