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 23, 2010
TaxMasters, Inc.
(Exact name of registrant specified in charter)
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Nevada
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33-11986-LA
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91-2008803
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(State of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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900 Town & Country Lane, Suite 400, Houston, TX 77024
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(Address of principal executive offices) (Zip Code)
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(281) 497-5937
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(Registrant’s Telephone Number)
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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 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01.Other Events.
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On December 14, 2010, TaxMasters, Inc., a Nevada corporation (the “Company”), without admitting it violated any FLSA provision, entered into a settlement agreement with the U.S. Department of Labor resolving the DOL’s allegation that the Company incorrectly determined overtime wage payments for some employees. A consent judgment on this matter was filed on December 23, 2010, thereby bringing the matter to a close.
The information in this current report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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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 on this 3rd day of January 2011.
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TAXMASTERS, INC.
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By: /s/ Frederick V. Hackett
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Name: Frederick V. Hackett
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Title: General Counsel and Corp. Secretary
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