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AND EXCHANGE COMMISSION</font></div>
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TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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of Report (Date of earliest event reported) &#160;&#160;&#160;May 6,
2010</font></div>
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NEUROSOLUTIONS, INC.</font></div>
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name of Registrant as Specified in its Charter)</font></div>
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<font style="DISPLAY: inline; TEXT-DECORATION: underline">001-13835</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">39-1661164</font></font></div>
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or Other Jurisdiction&#160;&#160;&#160;&#160;&#160;(Commission file
Number)&#160;&#160;&#160;&#160; &#160;&#160;&#160;(IRS Employer</font></div>
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Identification No.)</font></div>
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111, Vernon Hills,
IL</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">60061</font></font></div>
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(Address of Principal Executive
Offices)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;(Zip Code)</font></div>
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telephone number, including area code (847) 573-8000</font></div>
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR
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(17 CFR 240.14d-2(b))</font></div>
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<tr>
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8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Other Events</font></div>
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2010, the Board of Directors of Applied NeuroSolutions, Inc. (the &#8220;Company&#8221;)
determined that the Company&#8217;s recent efforts to raise funds necessary for the
continuation of active operations have not been successful, and therefore took
action to cease day-to-day operations, effective immediately.&#160;&#160;In
connection with such decision by the Board, the Company&#8217;s Chief Executive
Officer, Craig S. Taylor PhD., resigned as an officer and director, effective
immediately, and the Board terminated the Company&#8217;s one other full-time
employee.</font></div>
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Ellison, formerly the CFO of the Company, will serve as a consultant to the
Company in the capacity of acting CEO and CFO.&#160;&#160;The Company&#8217;s Board of
Directors, along with Mr. Ellison, will continue to explore and evaluate options
for raising additional funds to resume operations to conduct the Company&#8217;s
business on a &#8220;virtual&#8221; basis, or to permanently shut down the
business.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 on this 10<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day
of May 2010.<a name="tab2" /></font></div>
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INC.</font></div>
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Hoffing</font></font></div>
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termemployeesotherevents.htm
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)    May 6,
2010
APPLIED
NEUROSOLUTIONS, INC.
(Exact
name of Registrant as Specified in its Charter)
Delaware
001-13835
39-1661164
(State
or Other Jurisdiction     (Commission file
Number)        (IRS Employer
of  Incorporation)                                                                    
Identification No.)
50 Lakeview Parkway, Suite
111, Vernon Hills,
IL
60061
(Address of Principal Executive
Offices)                            
 (Zip Code)
Registrant's
telephone number, including area code (847) 573-8000
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 Certain Officers; Election of Directors;
Appointment
      of Certain Officers; Compensatory Arrangements of Certain
      Officers.
Item
8.01                          
Other Events
On May 6,
2010, the Board of Directors of Applied NeuroSolutions, Inc. (the "Company")
determined that the Company's recent efforts to raise funds necessary for the
continuation of active operations have not been successful, and therefore took
action to cease day-to-day operations, effective immediately.  In
connection with such decision by the Board, the Company's Chief Executive
Officer, Craig S. Taylor PhD., resigned as an officer and director, effective
immediately, and the Board terminated the Company's one other full-time
employee.
David
Ellison, formerly the CFO of the Company, will serve as a consultant to the
Company in the capacity of acting CEO and CFO.  The Company's Board of
Directors, along with Mr. Ellison, will continue to explore and evaluate options
for raising additional funds to resume operations to conduct the Company's
business on a "virtual" basis, or to permanently shut down the
business.
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 on this 10
th
day
of May 2010.
APPLIED NEUROSOLUTIONS,
INC.
By:
/s/ Ellen R.
Hoffing
Ellen R. Hoffing
Chairperson
of the Board