UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 20, 2011
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GelTech Solutions, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | | 000-52993 | | 56-2600575 |
| (State or Other Jurisdiction | | (Commission | | (I.R.S. Employer |
| of Incorporation) | | File Number) | | Identification No.) |
1460 Park Lane South, Suite 1
Jupiter, Florida 33458
(Address of Principal Executive Office) (Zip Code)
(561) 427-6144
(Registrant’s telephone number, including area code)
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 December 20, 2011, GelTech Solutions, Inc. (the “Company”) issued Michael Cordani, the Company’s Chief Executive Officer and Chairman of the Board of Directors, and Joe Ingarra, the President and a director of the Company, promissory notes (payable on demand) in connection with loans of $10,000 and $29,380, respectively.
On December 21, 2011, the Company issued Michael Hull, the Company’s Chief Financial Officer, a 60-day promissory note in connection with a $50,000 loan. As additonal consideration for the loan, the Company reduced the exercise price of 150,000 stock options held by Mr. Hull from $1.95 to $0.60 per share.
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.
| | GELTECH SOLUTIONS, INC. | |
| | | | |
| | By: | /s/ Michael Cordani | |
| | | Michael Cordani | |
| | | Chief Executive Officer | |
| Date: December 23, 2011 | | | |
