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): January 24, 2011
Patriot Scientific Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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0-22182
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84-1070278
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(State of other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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Carlsbad Corporate Plaza
6183 Paseo Del Norte, Suite 180
Carlsbad, CA 92011
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(Address of Principal Executive Offices)
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Registrant’s telephone number, including area code: (760) 547-2700
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Not Applicable
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(Former name or former address, if changed since last report)
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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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
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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.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 8.01 Other Events.
On January 24, 2011, Patriot Scientific Corporation (the “Company”) dismissed the action that it had filed on April 12, 2010, against Technology Properties Limited LLC (“TPL”) in San Diego Superior Court for breach of a $1 million promissory note. The dismissal was filed following TPL’s repayment of the promissory note.
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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.
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Patriot Scientific Corporation
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Date: January 25, 2011
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By: /s/ Clifford L. Flowers
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Clifford L. Flowers
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Chief Financial Officer
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