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) October 6, 2010

 
OTIX GLOBAL, INC.
(Exact name of registrant as specified in its charter)
 

DELAWARE
000-30335
87-0494518
(State or other jurisdiction of
incorporation or organization)
(Commission file
number)
(I.R.S. Employer
Identification No.)
 
4246 South Riverboat Road, Suite 300
Salt Lake City, UT 84123
(Address of principal executive offices)
 
(801) 312-1700
(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:

 
¨
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)
 
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))

 
 

Item 1.01.        Amendment to a Material Definitive Agreement
 
On October 6, 2010, Otix Global, Inc. (“Otix”)  entered into an amendment to the Agreement and Plan of Merger with William Demant Holding A/S (“WDH”) which Otix previously announced on September 13, 2010.  The amendment increases the price which WDH will pay for each outstanding share of Otix common stock from $8.60 per share to $10.00 per share and eliminates two closing conditions.
 
A copy of the amendment and press release issued by WDH are filed as Exhibits 2.1 and 99.1, respectively, to this report and incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits .
 
2.1.
First Amendment to Agreement and Plan of Merger Dated as of September 13, 2010 by and among William Demant Holding A/S, OI Merger Sub, Inc. and Otix Global, Inc.
 
99.1 
WDH press release dated October 6, 2010

 
 
 
SIGNATURE
 
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 duly authorized.
 
Dated:  October 6, 2010.
 
OTIX GLOBAL, INC.
 
/s/ Michael M. Halloran
 
Michael M. Halloran
Vice President and Chief Financial Officer

 
 
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