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) June 2, 2005
SPACEHAB, Incorporated
(Exact name of registrant as specified in its charter)
Washington | 0-27206 | 91-1273737 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
12130 Galveston Road (Hwy 3), Building 1, Webster, Texas | 77598 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (713) 558-5000
(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)) |
Section 1 - Registrants Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2005, the Company announced that Certain Underwriters at Lloyds of London have agreed to drop their complaint against the Company and join with SPACEHAB in pursuit of its claims with NASA for reimbursement of loss for its Research Double Module in the STS-107 Space Shuttle Columbia accident.
SPACEHAB and the Underwriters have agreed to jointly pursue recovery against NASA with SPACEHAB leading the appeals process. The Underwriters will participate in a recovery, if any, net of legal costs, in accordance with a pre-agreed schedule which limits SPACEHABs liability with the Underwriters to $500,000. Also in accordance with the agreement, the Underwriters will dismiss their complaint against SPACEHAB with prejudice.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
A copy of the Press Release for the Lloyds agreement is attached as Exhibit 99.1
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.
SPACEHAB, Incorporated | ||||
(Registrant) | ||||
Date June 2, 2005 | By | /s/ Nicholas Morgan | ||
(Signature)* | ||||
Nicholas Morgan | ||||
Chief Accounting Officer |
* | Print name and title of the signing officer under his signature. |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Press Release, dated June 2, 2005. |