United
States Securities And Exchange Commission
Washington,
DC 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 6, 2006
(March
31, 2006)
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ISORAY,
INC.
(Exact
name of registrant as specified in its charter)
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Minnesota
(State
or other jurisdiction
of
incorporation)
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000-14247
(Commission
File
Number)
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41-1458152
(IRS
Employer
Identification
No.)
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350
Hills Street, Suite 106, Richland, Washington 99354
(Address
of principal executive offices) (Zip Code)
(509)
375-1202
(Registrant's
telephone number)
ITEM 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers
On
March
31, 2006, the Board of Directors of IsoRay, Inc. (the “Registrant”) expanded the
Board to seven members and appointed Albert Smith and Dwight Babcock as
directors. Neither director has been appointed to any committees of the Board.
Neither
the Registrant nor any of its subsidiaries has entered into any transactions
with either director described in Item 404(a) of Regulation S-B, other than
a
loan from Mr. Smith in the amount of $250,000, which was funded on October
14,
2005 and repaid in December 2005. In connection with the loan by Mr. Smith,
the
Registrant granted a warrant to purchase 12,500 shares of common stock at an
aggregate exercise price of $10.00 to Mr. Smith.
SIGNATURES
In
accordance with the requirements of the Exchange Act, the Registrant caused
this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Dated:
April 6, 2006
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IsoRay,
Inc., a
Minnesota corporation |
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Date: |
By: |
/s/ Roger
E.
Girard
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Roger
E.
Girard, CEO |