UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
Date of Report: August 20, 2010
(Date of Earliest Event Reported)
REGENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Colorado 000-09519 84-0807913
(State or other jurisdiction (Commission File No.) (IRS Employer or ID #)
of incorporation)
5646 Milton Street, Suite 722
Dallas, Texas 75206
(Address of principal executive offices)
(214) 694 2227
(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))
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Form 8-K and other reports filed by Regent Technologies, Inc. ("Regent")
from time to time with the Securities and Exchange Commission (collectively the
"Filings") contain or may contain forward looking statements and information
that are based upon beliefs of, and information currently available to, Regent's
management as well as estimates and assumptions made by Regent's management.
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe
harbor for forward-looking statements made by or on behalf of the Company. The
Company and its representatives may from time to time make written or oral
statements that are "forward-looking," including statements contained in this
report and other filings with the Securities and Exchange Commission, reports to
the Company's shareholders and news releases. All statements that express
expectations, estimates, forecasts or projections are forward-looking statements
within the meaning of the Act. In addition, other written or oral statements,
which constitute forward-looking statements, may be made by or on behalf of the
Company. Words such as "expects", "anticipates", "intends", "plans", "believes",
"seeks", "estimates", "projects", "forecasts", "may", "should", variations of
such words and similar expressions are intended to identify such forward-looking
statements. Management cautions that forward-looking statements are subject to
risks and uncertainties that could cause our actual results to differ materially
from projections in such forward-looking statements. The risks, uncertainties
and other important factors that may cause our results to differ materially from
those projected in such forward-looking statements are detailed under the "Risk
Factors" and elsewhere in this Annual Report. We undertake no obligation to
update a forward-looking statement to reflect subsequent events, changed
circumstances, or the occurrence of unanticipated events.
In this Form 8-K, references to "we," "our," "us," the "Company," or "Regent"
refer to Regent Technologies, Inc., a Colorado corporation.
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Item 8.01 Other Events
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Division Manager Named
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On August 20, 2010, the Board of Directors named John A. Clutter as the General
Manager of the Energy Technology Development Division of the Company with direct
responsibility for the Company's development of the E-C applications. John A.
Clutter has over 35 years of domestic and international business and management
experience in operations/manufacturing, engineering, procurement, human resource
/administration, labor relations, strategic and business planning and sales and
marketing. He has held vice president level positions for over 20 of these years
in operations/manufacturing, human resource/administration, sales and marketing,
and engineering including the Vice President/General Manager of a Division of
Letourneau Technologies, Inc. for over 14 years. Mr. Clutter has extensive
experience in advanced drive technology, hardware and software, products and
businesses such as aviation batteries, power supplies and electronics, digital
monitoring/control/managements systems, mechanical systems and power generation.
John is a 1970 graduate of Ohio State University with a degree in Industrial
Engineering.
As previously reported in the Company's quarterly report filed on Form 10-Q and
dated August 16, 2010, the Company entered into a rights agreement on August 14,
2010 with Epi-Cloyd, Ltd. and Epi-Energy, Ltd. (E-C) for the exclusive rights to
develop an E-C gearbox for the valve actuator and wind energy applications. The
Company's Energy Technology Division will seek to manufacture or license the
right to manufacture E-C gearbox transmissions for wind energy turbine customers
presently hampered by transmissions subject to failure under extreme forces. The
Company will provide these customers a revolutionary, more durable transmission
that not only offers longer-life but significantly reduces design, manufacture,
installation, and maintenance costs compared to products available on the market
today. Following a period of eight months for the development of a gearbox pro-
totype, Regent has the right to enter into a licensee agreement for exclusive
rights to a valve actuator and wind energy generation field of use. There is no
cost for the first eight months during the development phase of the prototype.
Upon entering into the license agreement, Regent will pay a minimum royalty pay-
ment of $12,500 per quarter for the first twelve months and $25,000 per quarter
thereafter.
Epi-Cloyd, Ltd. and Epi-Energy, Ltd. are related private technology companies
operating in Dallas, Texas and focused on the utilization of their numerous
patents covering a revolutionary cyclic reduction invention. Their invention
increases torque as a plurality of driver discs rotate about a central shaft
member and engage an output member via a low-friction, roller means. The first
of seven related patents was issued in March, 2007.
Regent Technologies, Inc. is a technology-focused company that utilizes emerging
proprietary technologies to impact the global energy industry. Regent operates
through two divisions: Natural Resources and Energy Technology Development. Our
vision is to achieve significant results through technology enhancements in both
energy development and innovations that support energy production. Our mission
is to exploit our proprietary advantages to increase shareholder value while
promoting responsible energy now and in the future.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Regis-
trant has duly caused this Current Report on Form 8-K to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: August 25, 2010
REGENT TECHNOLOGIES, INC.
By: /s/ David A. Nelson
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David A. Nelson
President and Chief Executive Officer