UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-KSB
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): November 7, 2005
Commission File Number: 0-29195
ONSCREEN TECHNOLOGIES, INC.
(Name of Small Business Issuer in Its Charter)
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Colorado 84-1463284
(State or jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
200 9th Avenue North, Suite 210, Safety Harbor, Florida 34695
(Address of Principal Executive Offices) (zip code)
(727) 797-6664
(Registrant's telephone number)
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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 240.1 4d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
Item 2.05 Costs Associated with Exit or Disposal Activities.
Relocation of Corporate Home Office
Effective November 11, 2005, OnScreen Technologies, Inc. will relocate its
corporate home office to 600 NW 14th Avenue, Suite 100, Portland, Oregon 97209,
phone (503) 417-1700. The Company shall retain a field office in the central
Florida area. Management feels that this move is advantageous for the growth of
the company. The Portland area is considered by many as a center of technology
and is necessary for the continuing development of our core products. It is
anticipated that the cost of moving office equipment and furniture to Portland
shall not exceed $7,500.
Employee Relocation and Severance
As part of the corporate office relocation, it is necessary for the Company to
relocate to the Portland area two employees and to disengage employment with six
employees over the next two to three weeks and one employee, prior to the end of
December 2005. Six employees shall remain in the central Florida area. The
Company has budgeted $3,250 for moving the two employees to Portland and $57,509
for employee termination benefits and costs to be paid over the next four weeks.
The Company is currently discussing with two employees job description and
relocation changes. The results of these discussions could reduce the $57,509
for employee termination benefits by as much as $15,000. No further costs or
expenses are anticipated.
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 thereunto duly authorized.
Signed and submitted this 7th day of November 2005.
OnScreen Technologies, Inc.
(Registrant)
by: /s/ Charles R. Baker
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Charles R. Baker as CEO/Chairman