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)
January 2, 2008 (January 2, 2008)
Commission File No. 000-22390
 
SHARPS COMPLIANCE CORP.
(Exact Name Of Registrant As Specified In Its Charter)
 
 
 
Delaware
(State Or Other Jurisdiction Of
Incorporation Or Organization)
 
74-2657168
(IRS Employer
Identification No.)
     
9220 Kirby Drive, Suite 500
Houston, Texas 77054
(Address Of Principal Executive Offices)

Registrant’s Telephone Number, Including Area Code)
713-432-0300

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:
 
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 CFR240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 8.01 Other Events.
 
On January 2, 2008, the Company announced the settlement of the patent dispute with Medical Depot, Inc. (d/b/a/ Drive Medical Design & Manufacturing) (“Drive Medical”) and MediSupply, Inc. In conjunction with the settlement, Drive Medical will be the exclusive manufacturer and Sharps will be the exclusive seller of the Sharps Pitch-It™ IV Poles. The settlement resolves all issues between the parties related to the patent litigation. See Press Release included herein as Exhibit 99.1 for additional information.

Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.  
 
 
 
Exhibit No.
  
Description
99.1
 
Press Release Announcing Settlement of Patent Dispute With Drive Medical Design and Manufacturing
 
 
 
 
 
SIGNATURES
 
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.
 
Date: January 2, 2008
SHARPS COMPLIANCE CORP.
 
By: /s/ David P. Tusa                                                
Executive Vice President, Chief Financial Officer,
Corporate Secretary and Business Development