Attached files
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 7, 2011
SCIENTIFIC INDUSTRIES, INC.
______________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 000-6658 04-2217279
_______________ _____________ __________________
(State or other (Commission (IRS Employer No.)
jurisdiction of File Number)
incorporation)
70 Orville Drive
Bohemia, New York 11716
_____________________________________________
(Address of principal executive offices)
(631) 567-4700
__________________________________________________
Registrant's telephone number, including area code
Not Applicable
__________________________________________________
(Former name or former address,
if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Company has agreed to the Fourth Amended and Restated Consulting
Agreement with Joseph G. Cremonese, the Chairman of its Board of
Directors, and his affiliate, Laboratory Innovation Company, Ltd.
The Agreement extends the term of their consultancy services from
December 31, 2010 to December 31, 2011 on the same terms as the
Third Amended and Restated Consulting Agreement, which provided,
inter alia, a compensation of $3,000 per month subject to increase
or decrease in the event services were more than 60 days during
the 12 month period at the guaranteed rate of $600 per day. Either
the Company or the Consultants may terminate the Agreement, except
for their confidentiality and non-competition covenants on at least
60 days prior notice
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) not applicable
(c) Exhibits
Exhibit No. Exhibit
___________ _______
10A-1 Copy of Consulting Agreement
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.
SCIENTIFIC INDUSTRIES, INC.
(Registrant)
Date: January 18, 2011
By: /s/ Helena R. Santos
________________________
Helena R. Santos,
President and Chief Executive
Officer