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 31, 2012 |
CONVERTED ORGANICS INC.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-33304 | 204075963 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 7A Commercial Wharf West, BOSTON, Massachusetts | 02110 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 617-624-0111 |
Not Applicable
______________________________________________
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:
[ ] 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))
Item 1.02 Termination of a Material Definitive Agreement.
On January 31, 2012, Converted Organics Inc. (the "Company")received written notice from Waste Systems, LLC ("Waste Systems") that the agreement between the Company and Waste Systems dated January 10, 2011 which was amended on September 27, 2011 (the "Agreement") was being terminated.
The Company’s default was due to its failure to make the required minimum monthly payments relating to the purchase of waste water equipment operated by Waste Systems. As a result of the default, title to the equipment will remain with Waste Systems, the Company will forfeit any previous installments made towards the purchase of the equipment, and the Agreement is terminated.
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.
| CONVERTED ORGANICS INC. | ||||
| February 3, 2012 | By: |
Edward Gildea
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| Name: Edward Gildea | ||||
| Title: President | ||||