Securities and Exchange Commission
Washington, D.C. 20549
Pursuant To Section 13 or 15(d) Of
The Securities Exchange Act of 1934
Date of Earliest Report Event: May
Spine Pain Management, Inc.
(Exact name of registrant as specified in its charter)
|(State Or Other Jurisdiction of Incorporation)
||(Commission File Number)
||(IRS Employer Identification No.)|
5225 Katy Freeway
Houston, Texas 77007
(Address of principal executive office)
(Registrant’s telephone number)
Item 8.01 Other Events.
On May 25, 2012, we entered into a Settlement
Agreement and Mutual General Release with James McKay and Celebrity Foods, Inc., which agreement settled and released all parties
from claims in connection with the lawsuit originally filed on January 19, 2010 in the United States District Court, Eastern District
of Pennsylvania. The terms of the agreement provide that Mr. McKay and Celebrity Foods will retain an aggregate of 448,000 shares
of stock and be issued an aggregate of 135,000 additional restricted shares. All of the shares retained by and issued to Mr. McKay
and Celebrity Foods are subject to a leak-out provision. We also agreed to pay certain attorney’s fees which included the
issuance of 100,000 restricted shares of common stock to the attorney of Mr. McKay and Celebrity Foods, which shares are also subject
to a leak-out provision.
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.
||SPINE PAIN MANAGEMENT, INC.|
||/s/ William Donovan, M.D.|
||By: William Donovan, M.D.|
|Date: May 30, 2012
||Chief Executive Officer|