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): November 7,
2005
ARBIOS
SYSTEMS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
(State
or Other Jurisdiction of Incorporation)
|
000-32603
(Commission
File Number)
|
91-1955323
(I.R.S.
Employer Identification No.)
|
|
8797
Beverly Blvd., Suite 304
Los
Angeles, California
(Address
of Principal Executive Offices)
|
90048
(Zip
Code)
|
(310)
657-4898
(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 (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 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers
As
disclosed by Arbios Systems, Inc. (the “Corporation”) in the Current Report on
Form 8-K it filed on October 21, 2005, the Corporation on October 17, 2005
signed an agreement with Walter C. Ogier pursuant to which Mr. Ogier was
engaged
to become the Corporation’s new President and Chief Executive Officer. Mr. Ogier
took office as the Corporation’s new Chief Executive Officer effective November
7, 2005. The terms of Mr. Ogier’s employment are described in the October 21,
2005 Form 8-K.
On
November 8, 2005 Mr. Ogier was appointed as a member of the Corporation’s Board
of Directors.
Effective
March 31, 2005, the Corporation entered into an employment agreement with
Amy
Factor pursuant to which Ms. Factor was appointed as the interim Chief Executive
Officer of the Corporation. Under the agreement, Ms. Factor agreed to serve
as
the Chief Executive Officer of the Corporation until a permanent Chief Executive
Officer is hired by the Corporation. Since Mr. Ogier became the Corporation’s
new Chief Executive Officer on November 7, 2005, Ms. Factor resigned employment
as the Corporation’s current Chief Executive Officer on November 8, 2005. Ms.
Factor, however, continues to be a member of the Corporation’s Board of
Directors.
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 hereunto
duly authorized.
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|
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ARBIOS
SYSTEMS, INC. |
|
|
|
| Date: November
11, 2005 |
By: |
/s/ Walter
C. Ogier |
| |
Walter
C. Ogier |
| |
Chief
Executive Officer |