8-K 1 a06-19644_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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) August 23, 2006

 

SPHERIX® INCORPORATED

(Exact name of registrant as specified in its charter)

 

Delaware

0-5576

52-0849320

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

 

12051 Indian Creek Court, Beltsville, Maryland

20705

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code 301-419-3900

 

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 (see General Instruction A.2. below):

 

o               Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o               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.               Entry Into a Material Definitive Agreement.

The Board of Directors (the “Board”) of Spherix Incorporated (the “Company”) has revised the compensation package payable to independent members of the Board.

Attached hereto as Exhibit 10.1 is a chart describing the new compensation package.  The new compensation package is effective as of May 11, 2006.

The form of Restricted Stock Agreement which will be used to evidence each grant of restricted stock under the new compensation package is attached hereto as Exhibit 10.2.

 

Item 9.01.                                              Financial Statements and Exhibits.

10.1.

 

Spherix Board Compensation Package

 

 

 

10.2.

 

Restricted Stock Agreement (Form for Director Issuances)

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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.

 

Spherix Incorporated

 

 

(Registrant)

 

 

 

 

 

By:

 

 

 

 

 

/s/ Richard C. Levin

 

 

Richard C. Levin

 

 

CEO and President

 

 

 

 

 

Date: September 13, 2006

 

 

 

 

 

 

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EXHIBIT INDEX

Exhibit

 

 

 

 

 

10.1.

 

Spherix Board Compensation Package

 

 

 

10.2.

 

Restricted Stock Agreement (Form for Director Issuances)

 

 

 

 

 

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