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)

                                  JUNE 20, 2006


                               SEALIFE CORPORATION
             (Exact name of registrant as specified in its charter)

          DELAWARE                   0-13895                     34-1444240
(State or other jurisdiction       (Commission                 (IRS Employer
       of incorporation)           File Number)              Identification No.)


             5601 W. SLAUSON AVE., CULVER CITY, CALIFORNIA         90293
               (Address of principal executive offices)          (Zip Code)

       Registrant's telephone number, including area code: (310) 338-9757

         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 ct (17 CFR 240.14d-2(b))

         |_|      Pre-commencement  communications  pursuant  to Rule  13e-4(c))
                  under the Exchange Act (17 CFR 240.13e-4c))





ITEM 5.02         DEPARTURE  OF DIRECTORS  OR  PRINCIPAL  OFFICERS;  ELECTION OF
                  DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

         On June 20, 2006,  Barre  Rorabaugh,  the President of our wholly-owned
subsidiary,  Sealife Marine Products,  Inc., notified us of his resignation from
such  position,  effective  June 19,  2006.  Mr.  Rorabaugh  asserts  that he is
entitled to severance payments totaling $150,000 under his employment  agreement
with us. We are reviewing Mr. Rorabaugh's employment agreement and investigating
the reasons for such assertion and are in the process of determining whether Mr.
Rorabaugh is, in fact, entitled to such payment.


                                   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.


June 26, 2006                    SEALIFE CORPORATION


                                  /S/ ROBERT A. MCCASLIN
                                 -----------------------------------------------
                                 Robert A. McCaslin, Chief Executive Officer and
                                 Chief Financial Officer


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