Current Report Filing (8-k)
20 March 2017 - 9:04PM
Edgar (US Regulatory)
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):
March
14, 2017
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
(Exact
name of registrant as specified in charter)
Nevada
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000-26309
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98-0200471
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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215
Morris Avenue, Spring Lake, New Jersey
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07762
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (843) 390-2500
(Former
name or former address, if changed since last report)
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):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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Section
8 – Other Events
Item
8.01.
Other Events
On
March 14, 2017, I.E.T., Inc., the wholly-owned subsidiary of Integrated Environmental Technologies, Ltd. (collectively referred
to herein as the “Company”), closed on a Registration Transfer Agreement (the ‘Transfer Agreement”) and
a Data License and Assignment Agreement (the “Data Agreement”) with a third-party company. Pursuant to the Transfer
Agreement, the Company transferred its United States Environmental Protection Agency (“EPA”) Registration number 83241-4,
for Excelyte® VET, to a third-party company for a one-time fee of $125,000 (the “Transfer Price”). $75,000 of
the Transfer Price was paid on March 14, 2017 and the remaining $50,000 is due on or before April 9, 2017. The Company still maintains
ownership of its core EPA Registration No. 82341-1 for Excelyte
®
as a tuberculocidal hospital-level, hard non-porous
surface disinfectant and for use in oil and gas applications as a hydrogen sulfide (H
s
S) scavenger/eliminator and biocide.
Pursuant to the Data Agreement, the Company granted the third-party company a non-exclusive license to utilize certain efficacy
test data that the Company owns for a one-time fee of $25,000, payable on or before April 24, 2017.
SIGNATURES
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 hereunto duly authorized.
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INTEGRATED
ENVIRONMENTAL TECHNOLOGIES. LTD.
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(Registrant)
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By:
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/s/
Thomas S. Gifford
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Thomas
S. Gifford
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Executive
Vice President and
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Chief
Financial Officer
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Date:
March 20, 2017