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): April 1, 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):
oWritten communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
oSoliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
oPre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
oPre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
1.01
Entry into a Material Definitive Agreement
Effective
April 1, 2005, Arbios Technologies, Inc. (“ATI”), the wholly-owned Arbios
Systems, Inc. (the “Registrant”), entered into a lease with American Integrated
Biologics, Inc. for a 1,680 square foot facility in Woodstock, Connecticut. The
facility was built for swine housing and tissue procurement. ATI and the
Registrant intend to use these facilities for the purposes of harvesting livers
for use in the Registrant’s bioartificial livers from specially bred pigs. The
base rent under this lease is $12,009 per month. The lease has an initial term
of two years, subject to ATI’s right to extend the term of the lease for a total
of nine additional years.
ITEM
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal
Officers.
The
Registrant announced that it has hired Shawn Cain as the new Vice-President of
Operations of the Registrant. Mr. Cain’s employment with the Registrant will
commence on April 25, 2005. Mr. Cain’s duties will consist of managing all of
the Registrant's operations related to its liver assist
technology, including the operations to be conducted at the new Woodstock,
Connecticut facilities. Mr. Cain’s salary will be $160,000 per year. Mr. Cain
was granted a five-year incentive stock option to purchase an aggregate of
30,000 shares of the Registrant’s common stock. The options are exercisable at
$1.65 per share and will vest pro rata over a 24 month period commencing on May
1, 2005.
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.
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|
|
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ARBIOS SYSTEMS,
INC. |
|
|
|
| Date: April 7, 2005 |
By: |
/s/ AMY FACTOR |
| |
Amy Factor |
| |
Chief
Executive Officer |