Attached files
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| EX-99.1 - Axion Power International, Inc. | v198195_ex99-1.htm |
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
EARLIEST EVENT REPORTED: September 28, 2010
AXION
POWER INTERNATIONAL, INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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000-22573
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65-0774638
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer Identification
Number)
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3601
Clover Lane
New
Castle, PA 16105
(Address
of principal executive offices)
(724)
654-9300
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
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):
|
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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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
Amendment to Material Definitive Agreement
See Item
5.02(b) below.
ITEM
5.02(b) Resignation of Directors
On
September 28, 2010, both Stanley A. Hirschman and Joseph Bartlett
gave notice of their resignations as directors of the Registrant, effective
immediately. In connection with Mr. Bartlett’s resignation, Quercus
has executed Amendment No. 3 to Securities Purchase Agreement, dated as of
September 30, 2010, pursuant to which it has waived its right to have three
directors appointed to the Registrant’s Board and instead will reserve the right
to have one director appointed. These actions are consistent with the
Registrant’s overall goal of reducing the size of its Board.
ITEM 9.01
Financial Statements and Exhibits
Exhibit
99.1 Amendment No. 3 to
Securities Purchase Agreement, dated as of September 30, 2010
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, Axion Power
International, Inc. has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated:
October 4, 2010
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Axion
Power International, Inc.
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By:
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/s/
Thomas Granville
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Thomas
Granville
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Chief Executive
Officer
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EXHIBIT
INDEX
Exhibit
99.1 Amendment No. 3 to
Securities Purchase Agreement, dated as of September 30, 2010