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 (due of earliest event reported) December 26, 2006


Commission file number: 0-29346


FRMO CORP.
(Exact name of registrant as specified in its charter)

Delaware 
13-3754422 
(State or other jurisdiction of incorporation 
(I.R.S. Employer Identification No) 
or organization) 
  
   
320 Manville Road, Pleasantville, NY 
10570 
(Address of Principal executive offices) 
(Zip Code) 


Registrant’s telephone number, including area code: (914) 632-6730

 
 
 

Item 5.02(b) Resignations of Directors

FRMO Corp., owns 100% of the common stock of Fromex Equity Corp., and on December 26, 2006 the Boards of Directors of the Registrant and its wholly-owned subsidiary consisted of the same seven persons, namely:

  Murray Stahl     
  Steven Bregman     
  Peter Doyle     
  Lawrence J. Goldstein     
  Jay Hirschson     
  Allan Kornfeld     
  Lester J. Tanner     

In anticipation of a proposed spin-off of 5% of the common stock of Fromex Equity Corp., it was determined that a majority of directors of Fromex Equity Corp., should be persons who are not a director or officer of FRMO Corp. Accordingly, Jay Hirschson, Allan Kornfeld and Lester J. Tanner resigned as directors of FRMO Corp., effective December 26, 2006. Peter Doyle and Lawrence J. Goldstein resigned as directors of Fromex Equity Corp., effective December 26, 2006.

After said resignations, on December 26, 2006 the Boards of Directors of FRMO Corp. and Fromex Equity Corp., consist of the following persons.

FRMO Corp. 
Fromex Equity Corp. 
    
Murray Stahl 
Murray Stahl 
    
Steven Bregman 
Steven Bregman 
    
Peter Doyle 
Jay Hirschson 
    
Lawrence J. Goldstein 
Allen Kornfeld 
    
 
Lester J. Tanner 
    
   
 
 
 
 
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 hereunto duly authorized.
 
     
  FRMO CORP.
  (Registrant) 
 
 		  
 		  
 
Date: December 27, 2006 By:  
/s/ Steven Bregman
 
Steven Bregman, President