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 25, 2011
Lapolla Industries, Inc.
(Exact name of Registrant as Specified in its Charter)
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Delaware
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001-31354
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13-3545304
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(State of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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Intercontinental Business Park
15402 Vantage Parkway East, Suite 322, Houston, Texas 77032
(Address of Principal Executive Offices and Zip Code)
(281) 219-4700
(Registrant's Telephone Number, Including Area Code)
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:
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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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LAPOLLA INDUSTRIES, INC.
FORM 8-K
DECEMBER 31, 2009
INDEX
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Page
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SECTION 3
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3
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Item 3.02
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3
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4
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2
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Item 3.02
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On May 25, 2011, Lapolla Industries, Inc. (“Lapolla”) sold to Richard J. Kurtz, Chairman of the Board and principal stockholder, an aggregate of 315 shares of Series D Preferred Stock, par value $1.00, at the stated value of $1,000 per share in a private transaction in reliance on Section 4(2) of the Securities Exchange Act of 1933, as amended, in exchange for cancellation of an aggregate of $315,000 of Lapolla indebtedness in the form of accrued Series D Preferred Stock dividends outstanding and due and owing to Mr. Kurtz on such date. The transaction was approved by a majority of the disinterested members of Lapolla’s Board of Directors.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Date: June 1, 2011
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LAPOLLA INDUSTRIES, INC.
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/s/ Michael T. Adams, EVP
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Michael T. Adams
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Executive Vice President
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