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 19, 2009
TECHNE CORPORATION
(Exact Name of Registrant as Specified in Charter)
Minnesota 0-17272 41-1427402
(State or Other Jurisdiction (Commission I.R.S. Employer
of Incorporation) File Number) Identification No.)
614 Mckinley Place NE
Minneapolis, MN 55413
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (612) 379-8854
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 obligations of the registrant under any
of the following provisions:
/ / 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 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Effective May 19, 2009, John L. Higgins was elected to the Board of
Directors of Techne Corporation (the "Company") and to the Nominations and
Governance Committee, Audit Committee and Compensation Committee of the Board.
In connection with his service on the Company's Board and Committees, Mr.
Higgins will receive annual cash compensation and stock options pursuant to
the Company's director compensation policy.
Mr. Higgins was not named as director pursuant to any arrangement or
understanding with any third person. There is not currently, nor has there
been in the past, any transactions with the Company or any of its subsidiaries
or affiliates in which Mr. Higgins has or had a direct or an indirect material
interest.
On May 19, 2009, the Company issued a press release announcing the
election of Mr. Higgins to the Company's Board of Directors. The press
release is attached as Exhibit 99.1 and is incorporated by reference herein.
On May 19, 2009, the Company issued a press release announcing
that Mr. G. Arthur Herbert, a current director and member of the Nominations
and Governance Committee, Audit Committee and Compensation Committees,
will not stand for re-election at the Company's Annual Meeting scheduled for
October 29, 2009. The press release is attached as Exhibit 99.2 and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated May 19, 2009.
99.2 Press Release dated May 19, 2009.
SIGNATURE
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.
Dated: May 19, 2009 TECHNE CORPORATION
By: /s/ Thomas E. Oland
---------------------------
Name: Thomas E. Oland
Title: President and Chief
Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release of Techne Corporation dated May 19, 2009.
99.2 Press release of Techne Corporation dated May 19, 2009.