-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DxUQhg3JworHdghYkp9rJyLAtKXfxhYV+bTM7HPLe52fCWB0dGsZeU2iKBQqxiSn 1wlFryQlwVl124uMNUWusA== 0000922423-05-000703.txt : 20050425 0000922423-05-000703.hdr.sgml : 20050425 20050425172706 ACCESSION NUMBER: 0000922423-05-000703 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050419 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year FILED AS OF DATE: 20050425 DATE AS OF CHANGE: 20050425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEPHROS INC CENTRAL INDEX KEY: 0001196298 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 133971809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32288 FILM NUMBER: 05770997 BUSINESS ADDRESS: STREET 1: 3960 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10032 BUSINESS PHONE: 2127815113 8-K 1 kl00461_8k.txt FORM 8-K CURRENT REPORT 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) April 25, 2005 (April 19, 2005) Nephros, Inc. ------------- (Exact Name of Registrant as Specified in Charter) Commission File Number: 001-32288 Delaware 13-3971809 (State or other Jurisdiction of (I.R.S. Employer Incorporation) Identification No.) 3960 Broadway, New York, New York 10032 --------------------------------------- (Address of Principal Executive Offices) (Zip Code) (212) 781-5113 -------------- (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed since last report) 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) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.01. Entry into a Material Definitive Agreement. On April 19, 2005, the Board of Directors of Nephros, Inc. (the "Company") approved an increase of the annual salary of Marc L. Panoff, the Company's Chief Financial Officer, from $140,000 to $160,000 effective as of January 1, 2005. Item 5.02. Departure of Directors or Principle Officers; Election of Directors; Appointment of Principal Officers. (d) Appointment of New Director. On April 19, 2005, the Board appointed Bernard Salick, M.D. as a director of the Company to fill a newly created vacancy on the Board. There was no arrangement or understanding pursuant to which Dr. Salick was elected as a director. The Company was not and is not a party to any transaction during the last two years or any proposed transactions in which Dr. Salick had or is to have a direct or indirect material interest. Dr. Salick is expected to serve on the Board's Compensation Committee. Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. (a) Amendment to Certificate of Incorporation On April 19, 2005, the Board retired all of the shares of the Company's Series A, Series B, Series C and Series D Convertible Preferred Stocks. Effective April 21, 2005, the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware which had the effect of amending the Company's Third Amended and Restated Certificate of Incorporation so as to eliminate therefrom all reference to the Series A, Series B, Series C and Series D Convertible Preferred Stocks. 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: April 25, 2005 NEPHROS, INC. By: /s/ Marc L. Panoff -------------------------------------- Marc L. Panoff Chief Financial Officer (Principal Financial and Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----