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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): December 21, 2010
N-VIRO INTERNATIONAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-21802 34-1741211
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation or Organization) Identification No.)
3450 W. Central Avenue, Suite 328
Toledo, Ohio 43606
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (419) 535-6374
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
On December 21, 2010, N-Viro International Corporation, or the Company,
executed a Financial Public Relations Agreement dated December 15, 2010, with
Strategic Asset Management, Inc., or SAMI. The Company has appointed SAMI as
its non-exclusive financial public relations counsel for a term of three years
from the date of the Agreement. For its services, the Company has issued SAMI
150,000 restricted shares of the Company's common stock. The Company expects to
record a non-cash charge to earnings of approximately $450,000 ratably over a
36-month period starting in December 2010. The shares were issued in a private
transaction pursuant to an exemption under Section 4(2) of the Securities Act of
1933. The Agreement has been attached to this filing as Exhibit 10.1.
Also on December 21, 2010, the Company executed a Consulting Agreement, or
the Consulting Agreement, effective December 10, 2010, with SLD Capital
Corporation, or SLD. The Company has engaged SLD to provide business consulting
services regarding corporate structures, general business policy, joint
ventures, lines of credit, factoring facilities, strategic business planning
including alliance partnerships, and/or mergers and acquisitions for a term of
eighteen months beginning December 10, 2010. For its services, the Company has
issued SLD 110,000 restricted shares of the Company's common stock. The Company
expects to record a non-cash charge to earnings of approximately $330,000
ratably over an 18-month period starting in December 2010. The shares were
issued in a private transaction pursuant to an exemption under Section 4(2) of
the Securities Act of 1933. The Consulting Agreement has been attached to this
filing as Exhibit 10.2.
ITEM 3.02 UNREGISTERED SHARES OF EQUITY SECURITIES
To the extent required by Item 3.02 of Form 8-K, the information contained
in or incorporated by reference into Item 1.01 of this Current Report is hereby
incorporated by reference into this Item 3.02.
ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. Description
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10.1 Financial Public Relations Agreement effective December
15, 2010 between Strategic Asset Management, Inc.
and N-Viro International Corporation (filed herewith).
10.2 Consulting Agreement effective December 10, 2010 between
SLD Capital Corp. and N-Viro International
Corporation (filed herewith).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
N-VIRO INTERNATIONAL CORPORATION
Dated: December 23, 2010 By: /s/ James K. McHugh
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James K. McHugh
Chief Financial Officer