SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): May 24, 2002
CONCORD CAMERA CORP.
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(Exact name of registrant as specified in its charter)
New Jersey 13-3152196
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
0-17038
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(Commission File Number)
4000 Hollywood Boulevard, Hollywood, Florida 33021
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (954) 331-4200
Item 5. Other Events and Regulation FD Disclosure.
Registrant has acquired from Polaroid Corporation ("Polaroid"), subject
to obtaining the approval of the bankruptcy court supervising the Polaroid
reorganization proceedings, two three-year licenses of the Polaroid trademark
for use in connection with the sale, marketing and distribution of single use
and reloadable cameras, respectively, and related accessories. The licenses do
not include instant single use and reloadable cameras. The licenses will be
exclusive, with the exception of products already released by Polaroid into the
distribution chain and may be renewed at Concord's option for an additional
three year period. The license agreements include provision for payment of
minimum royalties which will be fully credited against percentage royalties.
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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 thereunto duly authorized.
Date: May 24, 2002
CONCORD CAMERA CORP.
Registrant
By: /s/ Harlan I. Press
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Harlan I. Press,
Vice President and Treasurer
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