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 December 31, 1997 Date of Report (Date of earliest event reported) AKORN, INC. (Exact name of registrant as specified in its charter) LOUISIANA 0-13976 72-0717400 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 100 Tri-State International Suite 100 Lincolnshire, Illinois 60069 (Address of principal executive offices) (Zip Code) (847) 236-3800 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)
Item 5. Other Events. On December 31, 1997, the John N. Kapoor Trust dated September 20, 1989 (the "Trust"), of which Dr. John N. Kapoor, Chairman and Chief Executive Officer of the Company, is sole trustee and beneficiary, purchased 1,000,000 shares of common stock of Akorn, Inc. (the "Company") at a price of $2.00 per share upon exercise of a warrant initially issued to the Trust on September 3, 1992. The $2.0 million proceeds will be used for general corporate purposes. As a result of the purchase, the total number of shares of Company common stock outstanding increased to 17,630,076. The number of shares beneficially owned by Dr. Kapoor, 4,280,485, did not change as a result of the transaction.
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. AKORN, INC. Dated: January 9, 1998 By: /s/ Rita J. McConville Rita J. McConville Vice President, Chief Financial Officer, Secretary and Treasurer