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): January 10, 2011
VYTERIS,
INC.
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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000-32741
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84-1394211
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(State
or Other Jurisdiction of
Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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13-01
Pollitt Drive, Fair Lawn, NJ
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07410
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s telephone
number, including area code (201) 703-2299
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):
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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
5.02. Resignation of Director
Effective
January 10, 2011, David DiGiacinto has resigned as a director of Vyteris, Inc.
(the “Company”) to pursue other business interests. Mr. DiGiacinto
did not submit a written resignation and did not give any reason for resignation
other than the foregoing.
In
connection with his resignation, options to purchase Company common stock shall
be subject to the following dispositions:
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1.
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Options
to purchase 339,434 shares of common stock, which have already vested,
shall retain their original expiration date of 10 years from their
original issuance dates.
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2.
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Options
to purchase 285,820 shares of common stock, which have not yet vested,
shall immediately vest and shall retain their original expiration date of
10 years from their original issuance
dates.
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Additionally,
Mr. DiGiacinto is owed $6,000 in directors’ fees for service as a director
during 2010 which shall be paid simultaneously with the payment of 2010
directors’ fees to the continuing directors on the Company’s Board of
Directors.
SIGNATURE
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.
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VYTERIS,
INC.
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By:
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/s/
Joseph Himy
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Name:
Joseph Himy
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Title:
Chief Financial Officer
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Dated: January
13, 2011
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