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: January 20, 2006 AcuNetx, Inc. (Exact name of the Company as specified in its charter) Nevada 0-27857 88-0249812 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1000 S. McCaslin Blvd., Suite 300 Superior, CO 80027 ---------------------------------------------- (Address of principal executive offices) The Company's telephone number, including area code: (303) 494-1681 SECTION 1-REGISTRANT'S BUSINESS AND OPERATIONS ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT On January 23, 2006, registrant received notice from Galen Capital Group, LLC terminating the letter agreement, dated August 24, 2004, between Galen and OrthoNetx, Inc., registrant's predecessor. The agreement was terminated pursuant to Article III thereof, which allows either party to terminate on 30 days written notice. The effective date of the termination is February 28, 2006. SECTION 5 -CORPORATE GOVERNANCE AND MANAGEMENT ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS On January 20, 2006, William P. Danielczyk resigned from the Board of Directors of Registrant. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. 17. Letter from William P. Danielczyk, dated January 20, 2005 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, thereunto duly authorized. AcuNetx, Inc., a Nevada corporation By: /s/ Terry Knapp, Chief Executive Officer ---------------------------------------- Terry Knapp, Chief Executive Officer Date: January 26, 2006