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 18,
2009
THE
QUIGLEY CORPORATION
(Exact
name of registrant as specified in its charter)
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Nevada
(State
or other
jurisdiction
of incorporation)
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0-21617
(Commission
File
Number)
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23-2577138
(I.R.S.
Employer
Identification
No.)
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Kells
Building,
621
Shady Retreat Road, P.O. Box 1349
Doylestown,
PA
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18901
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (215) 345-0919
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):
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□
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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□
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(c) On
June 18, 2009, Mr. Ted Karkus, the Chairman of the Board of The Quigley
Corporation (the “Company”), was appointed as
Interim Chief Executive Officer of the Company to temporarily assume the duties
and responsibilities of that office while the Board of Directors reviews the
Company’s operations and staffing at the executive management
level. This appointment may be terminated by the Board of Directors
at any time and is not the subject of any employment agreement. Mr.
Karkus will be compensated for his services as Interim Chief Executive Officer
at a rate of $5,000 per week together with the regular benefits routinely
provided to senior executives of the Company and reimbursement of the expenses
he incurs in connection with discharging his responsibilities as Interim Chief Executive Officer.
Mr. Karkus, age 50, is Chairman of the
Board of the Company. He is the managing member of Forrester
Financial, LLC which he founded in 2001. Forrester is a management
consulting firm providing a wide range of services to emerging-growth
companies. Forrester’s services include the structuring and raising
of working capital as well as assisting management in developing operational,
marketing and financial strategies. He is the primary investor in all
portfolio company financings. Mr. Karkus has extensive relationships
with investment bankers, the media and a network of institutional investors and
high net worth individuals. Mr. Karkus was instrumental in assisting
the turn around of ID Biomedical, an influenza vaccine manufacturer, which in
2005 was sold to GalaxoSmithKline for over $1.4 billion. He provided
financing, investment bankers, substantial sponsorship and successfully
advocated for the restructuring of management.
Mr. Karkus has 25 years of experience
in securities and capital markets including 2 years with Fahnestock & Co.
Inc., a full-service brokerage firm, where he was Senior Vice President,
Director of Institutional Equities and 4 years at S.G. Warburg, an investment
bank, where he was an institutional equity salesman and developed a large
network of institutional investors. Mr. Karkus graduated with an MBA
from Columbia University Graduate School of Business in 1984 where he received
Beta Gamma Sigma honors. He graduated Magna Cum Laude from Tufts
University in 1981.
Mr. Karkus does not have a family
relationship with any director or executive officer of the Company, nor is he a
party to any “related person” transactions with the Company.
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.
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The
Quigley Corporation
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By:
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/s/ Gerard M.
Gleeson
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Gerard
M. Gleeson
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Vice
President and Chief
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Financial
Officer
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Date: June
18, 2009
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