8-K 1 a2048894z8-k.txt FORM 8-K UNITED STATES 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: APRIL 30, 2001 ISONICS CORPORATION (Name of small business issuer as specified in its charter) CALIFORNIA 001-12531 77-0338561 ---------- --------- ---------- State of Commission File IRS Employer Incorporation Number Identification No. 5906 MCINTYRE STREET, GOLDEN, COLORADO 80403 -------------------------------------------- Address of principal executive offices 303-279-7900 ------------ Telephone number, including Area code NOT APPLICABLE -------------- Former name or former address if changed since last report ITEM 5 - OTHER EVENTS On April 30, 2001, Isonics Corporation accepted a payment of $100,000 from each of its president, James E. Alexander, and its senior vice president, Boris Rubizhevsky, in repayment of amounts Isonics had previously advanced to them. In each case, Mr. Alexander and Mr. Rubizhevsky also paid Isonics interest on the amount previously advanced at 6.6% per annum. The disinterested members of the Board of Directors determined that the acceptance of the cash payment was preferable to Isonics than the previously-negotiated repayment by Messrs. Alexander and Rubizhevsky surrendering shares of Isonics common stock. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 10th day of May 2001. ISONICS CORPORATION By: /s/ James E. Alexander ----------------------------------- James E. Alexander President and Chief Executive Officer