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): | November 15, 2005 |
Hythiam, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 001-31932 | 88-0464853 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
11150 Santa Monica Boulevard, Suite 1500, Los Angeles, California | 90025 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | (310) 444-4300 |
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 November 15, 2005, UBS Securities LLC exercised the full over-allotment provision pursuant to the firm underwriting agreement between Hythiam, Inc. (the "Company"), UBS and First Albany Capital, agreeing to purchase an additional 1,200,000 shares of our common stock at the public offering price of $4.75 per share, less an underwriting discount of $0.3325 per share. A copy of the underwriting agreement is included as Exhibit 1.1 to the current report on Form 8-K filed with the SEC on November 8, 2005 and incorporated herein by reference.
The transaction is scheduled to close on November 18, 2005, at which time the Company will issue 1,200,000 shares of common stock and receive payment therefor from the underwriters of approximately $5.3 million.
Except as required by law, the Company disclaims any obligation to release publicly any updates or any changes in its expectations or any change in events, conditions, or circumstances on which any forward-looking statements are based.
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.
Hythiam, Inc. | ||||
November 18, 2005 | By: | /s/ Chuck Timpe | ||
Name: Chuck Timpe | ||||
Title: Chief Financial Officer |