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 16, 2005
ARBIOS
SYSTEMS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
(State
or Other Jurisdiction of Incorporation)
|
000-32603
(Commission
File Number) |
91-1955323
(I.R.S.
Employer Identification No.) |
| |
|
|
8797
Beverly Blvd., Suite 206
Los
Angeles, California
(Address
of Principal Executive Offices) |
90048
(Zip
Code) |
(310)
657-4898
(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 (See General Instruction A.2 below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM
1.01 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal
Officers.
Effective
May 16, 2005, Dennis Kogod and Thomas M. Tully were appointed to the Board of
Directors of the Company. In accordance with the Company’s compensation
policies, subject to the approval of the 2005 Stock Incentive Plan by the
Company’s stockholders, Mr. Kogod and Mr. Tully were each granted a seven-year
non-qualified stock option to purchase 30,000 shares of the Company’s common
stock. The options are exercisable at $2.48 per share (the fair market price of
the Company’s common stock determined in accordance with the Company’s 2005
Stock Incentive Plan). Options to purchase 15,000 shares vested on May 16, 2005,
and the options for the remaining 15,000 shares will vest on May 16, 2006. The
press release announcing to the appointment of Messrs. Kogod and Tully to the
Company’s Board of Directors is furnished as an exhibit to this Current Report
on Form 8-K.
ITEM
9.01 Financial
Statements and Exhibits.
|
Exhibit
No. |
Description |
| |
|
|
99.1 |
Press
Release dated May 18, 2005 announcing to the appointment of Dennis Kogod
and Thomas M. Tully to the Board of
Directors. |
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.
|
Date: May
18, 2005 |
ARBIOS
SYSTEMS, INC.
By:
/s/
AMY FACTOR
Amy
Factor, Chief Executive Officer |
EXHIBIT
INDEX
|
Exhibit
No. |
Description |
| |
|
|
99.1 |
Press
Release dated May 18, 2005 announcing to the appointment of Dennis Kogod
and Thomas M. Tully to the Board of
Directors. |