- Current report filing (8-K)
19 May 2011 - 4:24AM
Edgar (US Regulatory)
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): May 12, 2011
Vycor Medical, Inc.
(Exact Name of Registrant as Specified in its
Charter)
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Delaware
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333-149782
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20-3369218
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(State or Other Jurisdiction of Incorporation)
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(Commission File No.)
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(I.R.S. Employer Identification No.)
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3651 FAU Blvd., Suite 300, Boca Raton, FL
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33431
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: 561-558-2006
n/a
(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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
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Item 1.01 Entry Into a Material Definitive Agreement
Item 9.01 Financial Statements and Exhibits
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SIGNATURES
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EXHIBIT
INDEX
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Item 1.01 Entry Into a Material Definitive Agreement
On May 12, 2011, the Company entered into a Supplement to
a prior Consulting Agreement with Fountainhead Capital Management Limited (FCM), originally entered into
on February 10, 2010 and amended September 29, 2010, to recognize FCMs expanded responsibilities as a result of the acquisition by the Company of the
assets of NovaVision, Inc. Under the terms of the Supplement, commencing January 1, 2011 the Company will pay to FCM an additional monthly retainer of
$29,000. This additional monthly retainer shall be accrued and paid out to FCM at the option of FCM as follows: (i) in Vycor stock at any time at $0.0225 per
share; or (ii) in cash following the closing of a fundraising of no less than $2.5 million or on the sale of the Company or a substantial part of the assets
thereof at any time after June 30, 2011. Notwithstanding, FCM shall have the option to receive up to $5,000 of the additional monthly retainer in cash each
month, commencing April 1, 2011. In addition, the term of the Consulting Agreement was extended to May 5, 2013. Other than as supplemented, the Consulting
Agreement remains in full force and effect according to its terms. A copy of the Supplement is attached as Exhibit 10.1 and incorporated herein by this
reference.
Reference is made to the Form 8-K filed by the Company on February 10, 2010 with respect
to the original Consulting Agreement and the Form 8-K filed by the Company on September 29, 2010 with respect to the amended Consulting Agreement.
Item 9.01 Financial Statements and
Exhibits.
(a) Financial Statements
None
(d) Exhibits
10.1
Supplement to Consulting Agreement dated as of May 12, 2011 by and
between Vycor Medical, Inc. and Fountainhead Capital Management Limited
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VYCOR MEDICAL, INC.
/s/ David Cantor
By:________________________
Name:
David Cantor
Title:
President
Dated:
May 12, 2011
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