Ionatron, Inc. - Current report filing (8-K)
February 08 2008 - 5:21PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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)
|
February
6, 2008
|
IONATRON,
INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or
Other Jurisdiction
of
Incorporation)
|
001-14015
|
77-
0262908
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
3716
East Columbia
,
Suite 120, Tucson, Arizona
|
|
85714
|
|
(Address
of Principal Executive Offices)
|
|
(Zip
Code)
|
(520)
628-7415
(
Registrant’s
Telephone Number, Including Area Code)
(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):
|
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
|
o
|
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
On
February 6, 2008, Ionatron, Inc. (the “Registrant”) entered into a purchase
agreement to purchase from Columbia Tucson, LLC (“CT”) the property located at
3590 East Columbia Street, Tucson, Arizona, which it previously leased from
CT
(the “Property”). The purchase price of the Property was approximately $2.2
million. The Registrant obtained several appraisals before negotiating the
purchase price and the transaction was unanimously approved by the Board of
Directors. The Registrant purchased the Property to exit its lease obligations,
provide flexibility regarding optimizing physical facilities through
improvements and expansion to meet company objectives, as needed, and the
negotiated price, based upon the appraised values, was deemed attractive to
the
Board. Joseph Hayden and Steven McCahon, officers of the Registrant, and Robert
Howard and Thomas Dearmin, principal stockholders and former officers and
directors of the Registrant, another former officer of the Registrant and
certain family members of Mr. Howard own all of the membership interests of
CT.
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 thereunto
duly authorized.
|
|
IONATRON,
INC.
|
|
|
(Registrant)
|
|
|
|
|
|
|
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By:
|
/s/
Kenneth M. Wallace
|
|
|
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Name:
|
Kenneth
Wallace
|
|
|
|
Title:
|
Chief
Financial Officer
|
Date:
February 8, 2008
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