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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): June 27, 2006
REGENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in charter)
Colorado 000-09519 84-0807913
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6727 Hillcrest Ave., Suite E
Dallas, Texas 75205
(Address of principal executive offices)
(214) 507 9507
(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 (see General Instruction A.2. below):
[ ] 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))
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Item 8.01 Other Events
Litigation
In 2001, stockholder David Nelson (current President of the Company since June,
2003) initiated a lawsuit against the Company and management of the Company
for issuing shares of common stock without consideration. The case was ordered
for mediation and on February 27, 2003, the case was settled with former
management concurring that 7,331,504 shares were issued without consideration
and should be cancelled. Also, as part of the mediation settlement, it was
agreed that certain shares previously owned by Richard Straza and the Straza
family members and legal entities (the Straza Shares) would be returned and
cancelled and that the Company would be indemnified against claims arising from
the issuance of the shares without consideration.
On November 2, 2005, W. T. Skip Leake initiated litigation in the 101st State
District Court of Dallas County against the Company and the Company's stock
transfer agent seeking a declaratory judgment for the release of 1,000,000
shares of the 7,331,504 shares which former management states were issued
without consideration. The Company filed a counter-claim against 35
defendants for a declaratory judgment that all disputed shares are void for
lack of Director approval and failure of consideration and that the 7,331,504
shares and the Straza Shares should be cancelled.
On June 27,2006, the Company filed a non-suit to dismiss the claims against
Richard Straza and the Straza family members and entities following a settlement
related to the Straza Shares. The Company agreed to indemnify Robyn Straza
against claims for shares issued while she was President if the Company recieved
valuable consideration approved by the Board of Directors.
As of June 30, 2006, the Company has received stock certificates or lost
certificate resolutions for a total of 13,149,508, of which 750,000 shares have
been cancelled and the balance of the shares are held in treasury. The Company
continues to pursue the cancellation of all disputed shares.
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.
Date: July 3, 2006
REGENT TECHNOLOGIES, INC.
By: /s/ David A. Nelson
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David A. Nelson
President and Chief Executive Officer