<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 11pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Washington,
DC 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CURRENT
REPORT Pursuant</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>to
Section 13 or 15(</B></FONT><B>d<FONT STYLE="text-transform: uppercase">) of the</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">Date
of Report (Date of earliest event reported<B>):</B></FONT><FONT STYLE="font-family: Times New Roman Bold,serif"><U> <B>January
10, 2012</B></U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>ThermoEnergy
Corporation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Delaware</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">(State
or other jurisdiction</FONT> <FONT STYLE="letter-spacing: -0.15pt">of incorporation)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid">33-46104-FW</TD>
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid">71-0659511</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">10 New Bond Street, Worcester, Massachusetts</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">01606</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>(508)
854-1628</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">(</FONT>Registrant&rsquo;s
telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="letter-spacing: -0.15pt">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 (<I>see </I>General Instruction A.2. below):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&#9;</FONT><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&#9;</FONT><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&#9;</FONT><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&#9;</FONT><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01 -- Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">On January 10, 2012, we entered into separate Warrant Amendment
Agreements (the &ldquo;Agreements&rdquo;) with each of the six individuals and entities identified in Item 3.02 below (the &ldquo;Investors&rdquo;)
who had, on that date, acquired from five funds affiliated with Security Investors, LLC warrants for the purchase of an aggregate
of 5,633,344 shares of our Common Stock (collectively, the &ldquo;Warrants&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">Pursuant to the Agreements, we agreed to amend
the Warrants to change the exercise prices of the Warrants from $0.30 per share to $0.095 per share and the Investors agreed to
exercise all of the Warrants immediately for cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">The shares of our Common Stock issuable upon
exercise of the Warrants have been registered for re-sale to the public pursuant to an effective registration statement on Form
S-1 filed under the Securities Act of 1933 (Registration Statement No. 333-175227) (the &ldquo;Registration Statement&rdquo;).
In the Warrant Amendment Agreement, we agreed to prepare and file with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
an amendment or supplement to the prospectus constituting part of the Registration Statements (the &ldquo;Prospectus&rdquo;) to
identify the Investors as selling stockholders of such shares. We also agreed to prepare and file with the Commission any amendments
to the Registration Statement and supplements to the Prospectus as may be necessary to keep the Registration Statement continuously
effective and in compliance with the provisions of the Securities Act applicable thereto so as to permit the Prospectus to be current
and useable by the Investors for re-sales of such shares until such date as all shares covered by the Registration Statement have
been sold (or, if earlier, with respect to each Investor, until such Investor may re-sell all of the registered shares held by him
or it to the public without registration in reliance on Rule 144 under the Securities Act without limitation as to volume and without
the requirement of any notice filing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><FONT STYLE="color: black">The form of </FONT>Warrant
Amendment Agreement and Notice of Exercise was <FONT STYLE="color: black">filed as Exhibit 10.1 to our Current Report on Form 8-K
filed with the Commission on January 4, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><B>Item 3.02 &mdash; Unregistered Sales of Equity Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0">Also on January 10, 2012, pursuant to the Warrant Amendment Agreements
reported in Item 1.01 of this Current Report on Form 8-K, the Investors identified below exercised the Warrants for the purchase
of an aggregate of 5,633,344 shares of our Common Stock at an exercise price, in cash, of $0.095 per share (or $535,167.68&nbsp;in
the aggregate) as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-style: italic; font-weight: bold; text-align: center">Investor</TD>
    <TD STYLE="width: 40%; border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-style: italic; font-weight: bold; text-align: center">Number of Shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Ron Craft</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">1,000,000 shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Jack and Mary Garson</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">182,609 shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Francis Howard</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">2,000,000 shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Patrick and Zoe Lynch</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">1,000,000 shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Niamh O&rsquo;Reilly</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">1,000,000 shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold">Bruce M.&nbsp; Robinson</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-weight: bold; text-align: center">450,735 shares</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0">Each Investor has represented that he or it is an &ldquo;accredited
investor&rdquo; (as such term is defined in Rule 501 of Regulation D) and that he or it was acquiring his or its Warrant and would
acquire the shares of our Common Stock issued upon exercise of such Warrant for investment for his or its own account and not with
a plan or present intention to distribute such shares.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0">The shares of our Common Stock were issued to the Investors
in a transaction not involving a public offering and without registration under the Securities Act in reliance on the exemption
from registration provided by Section 4(2) of such Act. For its services in connection with these transactions, we paid Dawson
James Securities, Inc., a registered broker-dealer, a fee of $37,462.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0">We intend to use the net proceeds from the exercise of the
Warrants (after payment of fees and expenses) for general working capital purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date: January 11, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in"><U>THERMOENERGY CORPORATION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5in; text-indent: -6em">(Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 229.5pt; text-indent: 22.5pt">By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Cary G. Bullock&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in; text-indent: -0.5in">Name: &#9;Cary G. Bullock</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in; text-indent: -0.5in">Title:&#9;President and Chief Executive
Officer</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "v245230_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 19569}]
{"company-data": {"conformed-name": "THERMOENERGY CORP", "cik": "0000884504", "assigned-sic": "4955", "irs-number": "710699511", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-46104-FW", "film-number": "12522456"}, "business-address": {"street1": "10 NEW BOND STREET", "city": "WORCHESTER", "state": "MA", "zip": "01606", "phone": "(508) 854-1628"}, "mail-address": {"street1": "10 NEW BOND STREET", "city": "WORCHESTER", "state": "MA", "zip": "01606"}, "former-company": {"former-conformed-name": "INNOTEK CORPORATION", "date-changed": "19930328"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
DC 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
):
January
10, 2012
ThermoEnergy
Corporation
(Exact name of registrant as specified in its
charter)
Delaware
(State
or other jurisdiction
of incorporation)
33-46104-FW
71-0659511
(Commission File Number)
(IRS Employer Identification No.)
10 New Bond Street, Worcester, Massachusetts
01606
(Address of principal executive offices)
(Zip Code)
(508)
854-1628
(
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):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
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 -- Entry into a Material Definitive Agreement.
On January 10, 2012, we entered into separate Warrant Amendment
Agreements (the "Agreements") with each of the six individuals and entities identified in Item 3.02 below (the "Investors")
who had, on that date, acquired from five funds affiliated with Security Investors, LLC warrants for the purchase of an aggregate
of 5,633,344 shares of our Common Stock (collectively, the "Warrants"):
Pursuant to the Agreements, we agreed to amend
the Warrants to change the exercise prices of the Warrants from $0.30 per share to $0.095 per share and the Investors agreed to
exercise all of the Warrants immediately for cash.
The shares of our Common Stock issuable upon
exercise of the Warrants have been registered for re-sale to the public pursuant to an effective registration statement on Form
S-1 filed under the Securities Act of 1933 (Registration Statement No. 333-175227) (the "Registration Statement").
In the Warrant Amendment Agreement, we agreed to prepare and file with the Securities and Exchange Commission (the "Commission")
an amendment or supplement to the prospectus constituting part of the Registration Statements (the "Prospectus") to
identify the Investors as selling stockholders of such shares. We also agreed to prepare and file with the Commission any amendments
to the Registration Statement and supplements to the Prospectus as may be necessary to keep the Registration Statement continuously
effective and in compliance with the provisions of the Securities Act applicable thereto so as to permit the Prospectus to be current
and useable by the Investors for re-sales of such shares until such date as all shares covered by the Registration Statement have
been sold (or, if earlier, with respect to each Investor, until such Investor may re-sell all of the registered shares held by him
or it to the public without registration in reliance on Rule 144 under the Securities Act without limitation as to volume and without
the requirement of any notice filing).
The form of
Warrant
Amendment Agreement and Notice of Exercise was
filed as Exhibit 10.1 to our Current Report on Form 8-K
filed with the Commission on January 4, 2012.
Item 3.02 — Unregistered Sales of Equity Securities.
Also on January 10, 2012, pursuant to the Warrant Amendment Agreements
reported in Item 1.01 of this Current Report on Form 8-K, the Investors identified below exercised the Warrants for the purchase
of an aggregate of 5,633,344 shares of our Common Stock at an exercise price, in cash, of $0.095 per share (or $535,167.68 in
the aggregate) as follows:
Investor
Number of Shares
Ron Craft
1,000,000 shares
Jack and Mary Garson
182,609 shares
Francis Howard
2,000,000 shares
Patrick and Zoe Lynch
1,000,000 shares
Niamh O'Reilly
1,000,000 shares
Bruce M.  Robinson
450,735 shares
Each Investor has represented that he or it is an "accredited
investor" (as such term is defined in Rule 501 of Regulation D) and that he or it was acquiring his or its Warrant and would
acquire the shares of our Common Stock issued upon exercise of such Warrant for investment for his or its own account and not with
a plan or present intention to distribute such shares.
The shares of our Common Stock were issued to the Investors
in a transaction not involving a public offering and without registration under the Securities Act in reliance on the exemption
from registration provided by Section 4(2) of such Act. For its services in connection with these transactions, we paid Dawson
James Securities, Inc., a registered broker-dealer, a fee of $37,462.
We intend to use the net proceeds from the exercise of the
Warrants (after payment of fees and expenses) for general working capital purposes.
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.
Date: January 11, 2012
THERMOENERGY CORPORATION
(Registrant)
By:
/s/ Cary G. Bullock
Name: 	Cary G. Bullock
Title:	President and Chief Executive
Officer