Attached files
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 5, 2011
SCIENTIFIC INDUSTRIES, INC.
_________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 000-6658 04-2217279
___________ ____________ __________________
(State or other (Commission (IRS Employer No.)
jurisdiction of File Number)
incorporation)
70 Orville Drive
Bohemia, New York 11716
__________________________________________________
(Address of principal executive offices)
(631) 567-4700
__________________________________________________
Registrant's telephone number, including area code
Not Applicable
__________________________________________________
(Former name or former address,
if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 5, 2011 the Company and Capital One, N.A. (the "Bank")
agreed, in the form of a restatement of the outstanding Note to
extend the maturity date of any advances which may be made by
the Bank (as of the date hereof none have been made) to January
3, 2012 or earlier in the event of a default as defined in the Note.
Advances are to bear interest at the Bank's prime rate (3.25%
at January 5, 2011) payable monthly and are to be secured by
a pledge of the physical assets of the Company and its
subsidaries.
ITEM 9.01 Financial Statements and Exhibits
(a) and (b) not applicable
(c) Exhibits
Exhibit No. Exibit
___________ _____________________________
99.1 Restated Promissory Note.
SIGNATURE
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.
SCIENTIFIC INDUSTRIES, INC.
(Registrant)
Date: January 6, 2011
By: /s/ Helena R. Santos
Helena R. Santos,
President and Chief Executive
Officer