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 (date of earliest event reported) October 6, 2010

OTIX GLOBAL, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	000-30335	87-0494518
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification No.)

4246 South Riverboat Road, Suite 300

Salt Lake City, UT 84123

(Address of principal executive offices)

(801) 312-1700

(Registrant’s telephone number, including area code)

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:

¨ Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01.        Amendment to a Material Definitive Agreement

On October 6, 2010, Otix Global, Inc. (“Otix”)  entered into an amendment to the Agreement and Plan of Merger with William Demant Holding A/S (“WDH”) which Otix previously announced on September 13, 2010.  The amendment increases the price which WDH will pay for each outstanding share of Otix common stock from $8.60 per share to $10.00 per share and eliminates two closing conditions.

A copy of the amendment and press release issued by WDH are filed as Exhibits 2.1 and 99.1, respectively, to this report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

2.1. First Amendment to Agreement and Plan of Merger Dated as of September 13, 2010 by and among William Demant Holding A/S, OI Merger Sub, Inc. and Otix Global, Inc.

99.1  WDH press release dated October 6, 2010

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 duly authorized.

Dated:  October 6, 2010.

OTIX GLOBAL, INC.

/s/ Michael M. Halloran

Michael M. Halloran

Vice President and Chief Financial Officer

EX-2.1

Exhibit 2.1

FIRST AMENDMENT

TO

AGREEMENT AND PLAN OF MERGER

DATED AS OF SEPTEMBER 13, 2010

BY AND AMONG

WILLIAM DEMANT HOLDING A/S

OI MERGER SUB, INC.

AND

OTIX GLOBAL, INC.

FIRST AMENDMENT TO

AGREEMENT AND PLAN OF MERGER

This FIRST AMENDMENT (this “Amendment”) to the Agreement and Plan of Merger dated as of September 13, 2010 (the “Merger Agreement”) by and among William Demant Holding A/S (“Parent”), OI Merger Sub, Inc. (“Merger Sub”), and Otix Global, Inc. (the “Company”) is dated as of October 6, 2010.

RECITALS

WHEREAS, the parties entered into the Merger Agreement;

WHEREAS, the Company received a competing bid to purchase the Company following execution of the Merger Agreement;

WHEREAS, the parties desire to enter into this Amendment to the Merger Agreement to increase the Merger Consideration and eliminate certain conditions to the closing of the transaction contemplated by the Merger Agreement.

NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements contained in the Merger Agreement and this Amendment, and such other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, on the terms and subject to the conditions set forth in this Amendment, and intending to be legally bound hereby, Parent, Merger Sub and the Company hereby agree as follows:

AGREEMENT

The Merger Agreement is hereby amended as follows:

1. In Section 2.07(a), the figure “$8.60” is replaced with “$10.00”.

2. Section 6.03(d) is deleted in its entirety and replaced to read as follows: “Intentionally Omitted”.

3. Section 6.03(e) is deleted in its entirety and replaced to read as follows: “Intentionally Omitted”.

4. The following paragraph shall be added to the Merger Agreement as Section 3.01(u):

(u)           Competing Offers.  The Company has provided Parent with complete and accurate information regarding any and all Acquisition Proposals, as provided in Section 4.13, received by the Company on or before the date of this Amendment, including all material terms and conditions of such Acquisition Proposals and any material changes thereto.

5. All other terms and conditions of the Merger Agreement not expressly amended as set forth above remain unchanged.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers as of the day and year first above written.

WILLIAM DEMANT HOLDING A/S
By:	/s/ William Demant Holding A/S
Name:	William Demant Holding A/S
Title:
OI MERGER SUB, INC.
By:	/s/ OI Merger Sub, Inc.
Name:	OI Merger Sub, Inc.
Title:
OTIX GLOBAL, INC.
By:	/s/ Samuel L. Westover
Name:	Samuel L. Westover
Title:	Chairman and Chief Executive Officer

EX-99.1

Exhibit 99.1

Company Announcement No 2010-15                                                                       6 October 2010

William Demant Holding updates merger agreement with Otix Global

Today, William Demant Holding has signed an addendum to the existing merger agreement with the US hearing aid company Otix Global, Inc. according to which Otix's stockholders will receive a total settlement of USD 58 million, corresponding to approx. DKK 312 million or a price of USD 10 per stock. The updated offer is thus an increase of the price stated in the original merger agreement entered into on 13 September 2010.

We still expect to be able to close the transaction as previously communicated in Company Announcement no 2010-13 published on 13 September 2010.

¨ ¨ ¨ ¨ ¨ ¨ ¨

Further information:

Niels Jacobsen, President & CEO, phone +45 39 13 82 73

VP, Finance & IR Stefan Ingildsen, mobile +45 29 22 02 70

IR Manager Søren B. Andersson, mobile +45 51 17 66 57

www.demant.com