gltc_8k.htm

 
 

 
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 20, 2010
 
______________
 
 
GelTech Solutions, Inc.
(Exact name of registrant as specified in its charter)
 
______________
 
 

 
Delaware
000-52993
56-2600575
(State or Other Jurisdiction
(Commission
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
 
1460 Park Lane South, Suite 1
Jupiter, Florida 33458
 (Address of Principal Executive Office) (Zip Code)

(561) 427-6144
 (Registrant’s telephone number, including area code)
 
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:
 
¨ 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 1.01
Entry into a Material Definitive Agreement.
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.


On May 20, 2010, GelTech Solutions, Inc. (the “Company”) and Michael Reger extended the Revolving Line of Credit Agreement dated May 29, 2009 (the “Credit Agreement”) until May 19, 2011.  The terms of the Credit Agreement were previously disclosed on a Form 8-K on June 3, 2009.  As consideration for the extension, Mr. Reger was paid $60,000 and was issued 150,000 shares of the Company’s common stock and 150,000 two-year warrants exercisable at $1.50 per share.

 
 
 
 
 
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.
 

         
GELTECH SOLUTIONS, INC.
   
  
     
 
By:  
/s/ Michael Cordani
   
Michael Cordani
Chief Executive Officer
   
 
Date:  May 21, 2010