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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): December 30, 2009
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.)
5646 Milton, Suite 722
Dallas, Texas 75206
(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 1.01 Entry into a Material Definitive Agreement.
Restricted Stock Grants
On December 30, 2009, the Board of Directors of the Company approved the grant
of 225,000 shares of restricted common stock as a continuation of the Restricted
Stock Awards approved in 2007.
The Director Restricted Stock Awards are issued to Directors as non-employee
grants as there are no employees receiving compensation at this time. The grants
are issued without general advertising or solicitation pursuant to the exemption
from registration provided by Section 4(2) of the Securities Act of 1933.
In addition, the Board of Directors approved a stock grant of 1,000,000 shares
of restricted common stock to the President as consideration for his continued
service without compensation for services rendered to the Company including
regulatory filings and fund raising.
Sale of Subsidiary Preferred Stock
Also, on December 30, 2009, the Board of Directors approved the sale to the
President by the Company's subsidiary, Regent GLSC Technologies, Inc., an
amount of 15,000 shares of its Series A Preferred Stock for $5.00 per share.
The acquisition would require a payment of $5,000 plus a promissory note in the
amount of $70,000 which would be unsecured but with personal liability. The
terms of the note would be interest at 7% per annum, payable monthly, with the
principal due on or before the expiration of 24 months. The Board of Directors
of Regent GLSC Technologies, Inc., the wholly owned subsidiary of the Company,
unanimously approved the sale.
Item 8.01 Other Events
Letter of Intent
On December 30, 2009, the Board of Directors of the Company instructed the
President to pursue a non-binding Letter of Intent (LOI) to purchase oil and gas
producing properties in conjunction with an industry-experienced investor group.
The purchase made, if any, would be pursuant to plans by the the Company to
be the operator of the properties and subject to Board approval.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
99.1 Form of Promissory Note
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: January 11, 2009
REGENT TECHNOLOGIES, INC.
By: /s/ David A. Nelson
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David A. Nelson
President and Chief Executive Officer