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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 22, 2008
ENDOCARE, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   001-15063   33-0618093
(State or Other Jurisdiction of   (Commission   (I.R.S. Employer
Incorporation)   File Number)   Identification Number)
201 Technology Drive
Irvine, California 92618

(Address of Principal Executive Offices, including zip code)
(949) 450-5400
(Registrant’s telephone number, including area code)
N/A
(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):
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 CFR 240.14d-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 August 22, 2008 SRS Medical Corp. (“SRS Medical”) paid us $100,000 and on August 26, 2008 SRS Medical paid us an additional $650,000. We agreed to accept these amounts in full satisfaction of the promissory note issued to us by SRS Medical in 2003 in connection with our sale of certain assets to SRS Medical. In 2003, because collection of the amounts due under the promissory note was not reasonably assured, the entire balance was written off and collections made from time to time were recorded as and when collected.
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.
             
    ENDOCARE, INC.    
 
           
August 27, 2008
  By:   /s/ Michael R. Rodriguez    
 
           
 
      Michael R. Rodriguez    
 
      Senior Vice President, Finance    
 
      and Chief Financial Officer