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 | (Commission | (I.R.S. Employer |
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 |
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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 | |
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| (Registrant) |
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| By: |
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| /s/ Richard C. Levin |
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| Richard C. Levin |
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| CEO and President |
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| Date: September 13, 2006 |
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EXHIBIT INDEX
Exhibit |
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10.1. |
| Spherix Board Compensation Package |
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10.2. |
| Restricted Stock Agreement (Form for Director Issuances) |
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