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 10, 2003 ORPHAN MEDICAL, INC. -------------------- (Exact name of registrant as specified in its charter) Delaware 0-24760 41-1784594 -------- ------- ---------- (State or other jurisdiction (Commission file number) (I.R.S. employer of incorporation) number) identification Suite 250, 13911 Ridgedale Drive, Minnetonka, MN 55305 (952) 513-6900 -------------- ----- -------------- (Address of principal (zip code) (Registrant's telephone number, executive offices) including area code) Not Applicable -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 2. Acquisition or Disposition of Assets. ------------------------------------- The Company completed the sale of Busulfex(R) (busulfan) Injection on June 10, 2003. The Company received $29.5 million of cash proceeds from the transaction. Item 7. Financial Statements and Exhibits --------------------------------- (b) Pro forma financial statements will be provided. Item 9. Regulation SD Disclosure ------------------------ The Company's sale of Busulfex(R) was discussed in the Company's press release dated June 10, 2003. The press release is attached as Exhibit 99.1 to this Form 8-K. Exhibit List ------------ Exhibit 99.1 - Press release dated June 10, 2003. 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. Date: June 12, 2003 ORPHAN MEDICAL, INC. /s/ Timothy G. McGrath ---------------------- Timothy G. McGrath Chief Financial Officer (duly authorized officer and principal financial officer) EXHIBIT INDEX Exhibit Number Description 99.1 Press release dated June 10, 2003