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): 10/11/2007
OXIS
International, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Commission
File Number: 0-8092
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DE
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94-1620407
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(State
or Other
Jurisdiction of
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(I.R.S.
Employer
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Incorporation
or
Organization)
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Identification
No.)
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323
Vintage Park Drive, Suite B, Foster City, California 94404
(Address
of Principal Executive
Offices, Including Zip Code)
650
212-2568
(Registrant’s
Telephone Number, Including Area Code)
(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:
[ ]
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(17CFR240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act(17CFR240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act(17CFR240.13e-4(c))
Items
to
be Included in this Report
Item
1.01. Entry
into a Material Definitive Agreement.
On
October 11, 2006, OXIS
International, Inc. (“OXIS”) entered into an Amendment to Advisory Agreement
with Ambient Advisors LLC. The Advisory Agreement between OXIS and
Ambient Advisors was originally signed on May 12, 2006. Gary M. Post,
the Chief Operating Officer of OXIS and a member of the OXIS board of directors,
is the manager of Ambient Advisors LLC.
Pursuant
to the Amendment, OXIS has
agreed to increase the Advisory Fee from $85,000 to $125,000 per annum,
retroactive to the October 15, 2007 (the Commencement Date of the Advisory
Agreement) in recognition of the fact that Mr. Post has spent approximately
50%
of his time providing the advisory services to OXIS rather than the 33%
originally contemplated in the Advisory Agreement.
Item
9.01. Financial
Statements and Exhibits.
(c)
Exhibits
10.1 Amendment
to Advisory Agreement between OXIS International, Inc. and Ambient Advisors,
LLC
dated October 11, 2007.
Signature(s)
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 hereunto
duly authorized.
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OXIS
International, Inc. |
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Dated
October 15,
2007
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By:
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/s/ Marvin
S.
Hausman, M.D. |
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Marvin
S. Hausman,
M.D. |
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President
&
Chief Executive Officer |
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