Pegasus Tel (PTEL) 8-K Other Events

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 5, 2012

		PEGASUS TEL, INC.
		(Exact name of registrant as specified in its charter)
Delaware		0-5268	41-2039686
(State of other jurisdiction		(Commission	(IRS Employer
of incorporation)		File Number)	Identification No.)
2 Corporate Drive, Suite 234
Shelton, Connecticut			06484
(Address of principal executive offices)			(Zip Code)
		Registrant’s telephone number, including area code:
		(203) 404-0450
	(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))

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SECTION 8 - OTHER EVENTS

Item 8.01 Other Events.

On April 5, 2012, the Company in accordance with Section 406 of the Sarbanes-Oxley Act of 2002 adopted a Code of Ethics that applies to its principal executive officer, principal financial officer, and principal accounting officer that is reasonably designed to deter wrongdoing and to promote:

·   honest and ethical conduct, including ethical handling of actual or apparent conflicts of interest between personal and professional relationship.

·   Full, fair, accurate, timely and understandable disclosure in SEC reports and in other public communications;

·   Compliance with applicable governmental laws, rules and regulations;

·   Prompt internal reporting of violations of the code of ethics to appropriate person or persons identified in the code of ethics; and

·   Accountability for adherence to the code of ethics.

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SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

Exhibit Index

Exhibit No.:	Description:
14.1	Code of Ethics

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 thereunto duly authorized.

Date: April 5, 2012	PEGASUS TEL, INC.
	By:	/s/ Jerry Gruenbaum
		Jerry Gruenbaum
		President

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