Form 8-K
 
 

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): January 11, 2011

PURE CYCLE CORPORATION
(Exact name of registrant as specified in its charter)

         
Colorado   0-8814   84-0705083
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
1490 Lafayette Street, Suite 203, Denver, CO
  80218
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (303) 292-3456

 
N/A
(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:

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 (17 CFR 240.14d-2(b))

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

 
 

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This Current Report on Form 8-K is filed by Pure Cycle Corporation (the “Registrant”), a Colorado corporation, in connection with the matters described herein.

ITEM 5.07 — SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Registrant held its Annual Shareholders’ meeting on January 11, 2011, at which, the following matters were voted upon and adopted by shareholders:

                                 
            Voted  
                            Broker  
            For     Withhold     Non-Votes  
  1.    
Election of Directors Mark W. Harding
    15,707,291       384,061       4,472,634  
       
Harrison H. Augur
    16,084,027       7,325       4,472,634  
       
Arthur G. Epker III
    15,627,565       463,787       4,472,634  
       
Richard L. Guido
    16,004,301       87,051       4,472,634  
       
Peter C. Howell
    16,083,927       7,425       4,472,634  
       
George M. Middlemas
    12,015,590       4,075,762       4,472,634  
       
H. Hunter White III
    16,083,458       7,894       4,472,634  

2.  
For the ratification of the appointment of the independent auditors for the year ending August 31, 2011:
                     
For   Against   Abstain   Non-Votes
20,553,286
    2,408       8,292    

3.  
To approve the issuance of shares of common stock upon conversion of a $5.2 million Convertible Negotiable Promissory Note (the “Convertible Note”) payable by the Company to PAR Investment Partners, L.P. (“PIP”), a 5% or greater shareholder of the Company:
                     
For   Against   Abstain   Non-Votes
14,842,502
    1,236,368       12,482     4,472,634

ITEM 8.01 – OTHER EVENTS

Following the Registrant’s Annual Shareholders’ meeting, upon the approval of Proposal 3 as noted in Item 5.07 above, the Convertible Note was surrendered for conversion and the Registrant issued 1,982,099 unregistered shares of common stock to PIP. For more information on the Convertible Note please refer to the Registrant’s Quarterly Report on Form 10-Q filed with the Commission on January 7, 2011 and the Form 8-K filed with the Commission on September 29, 2010.

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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.

Dated: January 14, 2011

PURE CYCLE CORPORATION

/s/ Mark W. Harding                                    
By: Mark W. Harding,
President and Chief Financial Officer

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