-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VjwtCS+Snecbudq/3bMEOf9uVQa1xXwV7u7BU5ohp0ehl85EpaGLBrIncGUl3QeT PP5DvwBLf2d4nByZZ5vERw== 0001144204-10-059309.txt : 20101112 0001144204-10-059309.hdr.sgml : 20101111 20101112072126 ACCESSION NUMBER: 0001144204-10-059309 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101105 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20101112 DATE AS OF CHANGE: 20101112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vu1 CORP CENTRAL INDEX KEY: 0000906448 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 840672714 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21864 FILM NUMBER: 101182640 BUSINESS ADDRESS: STREET 1: 557 ROY STREET STREET 2: SUITE 125 CITY: SEATTLE STATE: WA ZIP: 98109 BUSINESS PHONE: 888-985-8881 MAIL ADDRESS: STREET 1: 557 ROY STREET STREET 2: SUITE 125 CITY: SEATTLE STATE: WA ZIP: 98109 FORMER COMPANY: FORMER CONFORMED NAME: TELEGEN CORP /CO/ DATE OF NAME CHANGE: 19961209 FORMER COMPANY: FORMER CONFORMED NAME: SOLAR ENERGY RESEARCH CORP /CO/ DATE OF NAME CHANGE: 19930604 8-K 1 v202031_8k.htm Unassociated Document
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): November 5, 2010
 
 
Vu1 CORPORATION
(Exact Name of Registrant as specified in its charter)
 
 California
(State or other jurisdiction of incorporation)
 
000-21864
 
84-0672714
(Commissioner File Number)
 
(IRS Employer Identification No.)
 
557 Roy Street Suite 125 Seattle, WA 98109
(Address of principal executive offices)
 
(888) 985-8881
(Registrant’s telephone number)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
 
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 of (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c))
 

 
Item 3.02 
Unregistered Sales of Equity Securities.

On November 5, 2010 the Board of Directors issued 250,000 shares of common stock to Billy K. Hamlin, in consideration for his service as a member of our board of directors. This issuance was exempt from registration.

 
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Election of Director

On November 5, 2010, the Board of Directors elected William B. Smith to be a member of the Board of Directors of Vu1 Corporation.  With Mr. Smith’s election, the size of the Board is nine directors, which is the maximum number of directors permitted by our by laws.

Mr. Smith is the Founder and has been the Chief Executive Officer of Smith Asset Management, Inc. since 1997. Mr. Smith has also been the President and Chief Executive Officer since 2004 of SAM Advisors, LLC, a money management firm spun off from Smith Asset Management, Inc. specializing in distressed public debt and equities trading at discounts to intrinsic value, as well as special situation investments.  In addition, Mr. Smith has been the Founder and Managing Member of SAM Capital Partners, LLC, the General Partner of the SAM Special Opportunities Fund, LP since 2009.

Mr. Smith has not been engaged in a related party transaction with us during the last two years, other than through SAM Special Opportunities Fund, LP, which loaned us an aggregate of $2,833,655 from November 19, 2009 to September 27, 2010 under a Convertible Grid Promissory Note dated November 19, 2009. In conjunction with the advances, the Company issued three year warrants to purchase an aggregate of 3,542,069 shares of common stock at an exercise price of $0.75 per share. The entire balance of the Note and all accrued interest was converted into 7,084,139 shares of Company common stock on September 27, 2010.  There are no family relationships between Mr. Smith and any of our other directors or executive officers.


 
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.
 
     
 
Vu1 Corporation
 
     
       
Date: November 12, 2010
By:
/s/ Matthew DeVries  
    Matthew DeVries  
   
Chief Financial Officer
 
       
 

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