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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><FONT STYLE="font-variant: small-caps; letter-spacing: 2pt">United
States Securities And Exchange Commission<BR>
</FONT>Washington, DC 20549</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">FORM 8-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-bottom: 12pt; margin-left: 0">CURRENT
REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>

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<TR>
    <TD COLSPAN="3" STYLE="padding: 0.6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of Earliest Event Reported):
        March 1, 2012</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(February 24, 2012)</P></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="padding: 0.6pt">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="padding: 0.6pt">
        <P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0; font-variant: small-caps; text-align: center"><B><U>ISORAY, INC.</U></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></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="padding: 0.6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; width: 35%"><B><U>Minnesota<BR>
</U></B>(State or other jurisdiction <BR>
of incorporation)</TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; width: 30%"><B><U>001-33407<BR>
</U></B>(Commission <BR>
File Number)</TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; width: 35%"><B><U>41-1458152<BR>
</U></B>(IRS Employer <BR>
Identification No.)</TD></TR>
</TABLE>
<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: center"><B><U>350 Hills Street, Suite 106, Richland,
Washington 99354</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0">(Address of principal executive
offices) (Zip Code)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>(509) 375-1202</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant's telephone number)<U> </U></P>

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

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

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<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 1%; font-family: Wingdings; text-align: justify">o&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Wingdings; text-align: justify">o</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Wingdings; text-align: justify">o&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Wingdings; text-align: justify">o</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; font-variant: small-caps; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; font-variant: small-caps; text-align: justify">ITEM
5.07 Submission of Matters to a Vote of Security Holders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 24, 2012, IsoRay, Inc. held its
Fiscal 2012 Annual Meeting of Stockholders, where two proposals were voted on. The proposals are described in detail in IsoRay&rsquo;s
definitive proxy statement filed with the Securities and Exchange Commission on January 10, 2012. Of the 29,375,371 common and
preferred shares outstanding and entitled to vote at the Annual Meeting, 20,895,463 common and preferred shares (or 71.13%), constituting
a quorum, were represented in person or by proxy at the Annual Meeting.</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; text-align: justify">The final voting results on each proposal are
set forth below.</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; text-align: justify"><U>Proposal 1</U>. The stockholders elected
four directors to the board of directors to serve until the fiscal 2013 annual meeting of stockholders. The votes for this proposal
were:</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="font-weight: bold; text-align: center">Number of Shares</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="4" STYLE="font-weight: bold; text-align: center">Number of Shares</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center">Voted For</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="4" STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center">Withheld</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-indent: -7.65pt">J.Dwight Babcock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,947,558</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">406,003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,541,902</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.65pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.65pt">RRobert R. Kauffman</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,743,089</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">610,472</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,541,902</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.65pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-indent: -7.65pt">&nbsp;&nbsp; Thomas C. LaVoy</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,743,539</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">610,022</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,541,902</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.65pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -7.65pt">&nbsp;&nbsp; Albert Smith</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,469,402</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right">884,159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,541,902</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 7px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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"><U>Proposal 2</U>. The stockholders ratified
the appointment of DeCoria, Maichel &amp; Teague, P.S. as IsoRay&rsquo;s independent registered public accounting firm for the
fiscal year ending June 30, 2012. The votes on this proposal were:</P>

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center; width: 22%">For</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center; width: 22%">Against</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center; width: 22%">Abstain</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">20,240,951</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">182,038</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">197,361</TD></TR>
</TABLE>
<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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SIGNATURES</B></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; text-align: justify; text-indent: 0.5in">In accordance with 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; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dated: March 1, 2012</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; text-align: justify">&nbsp;</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="padding-bottom: 6pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">IsoRay, Inc., a Minnesota corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 6pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-bottom: 6pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-bottom: 6pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">By:</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in; border-bottom: Black 1pt solid">/s/ Dwight Babcock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">Dwight Babcock, CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-indent: 0in; tab-stops: 3.25in 243.0pt 261.0pt right 6.0in">&nbsp;</TD></TR>
</TABLE>
<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; text-align: justify"></P>

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{"company-data": {"conformed-name": "IsoRay, Inc.", "cik": "0000728387", "assigned-sic": "3841", "irs-number": "411458152", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33407", "film-number": "12657979"}, "business-address": {"street1": "350 HILLS STREET,", "street2": "SUITE 106", "city": "RICHLAND", "state": "WA", "zip": "99354", "phone": "(509) 375-1202"}, "mail-address": {"street1": "350 HILLS STREET,", "street2": "SUITE 106", "city": "RICHLAND", "state": "WA", "zip": "99354"}, "former-company": {"former-conformed-name": "CENTURY PARK PICTURES CORP", "date-changed": "19920703"}}
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):
        March 1, 2012
(February 24, 2012)
ISORAY, INC.
(Exact name of registrant as specified in its
        charter)
Minnesota
(State or other jurisdiction
of incorporation)
001-33407
(Commission
File Number)
41-1458152
(IRS Employer
Identification No.)
350 Hills Street, Suite 106, Richland,
Washington 99354
(Address of principal executive
offices) (Zip Code)
(509) 375-1202
(Registrant's telephone number)
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:
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
5.07 Submission of Matters to a Vote of Security Holders
On February 24, 2012, IsoRay, Inc. held its
Fiscal 2012 Annual Meeting of Stockholders, where two proposals were voted on. The proposals are described in detail in IsoRay's
definitive proxy statement filed with the Securities and Exchange Commission on January 10, 2012. Of the 29,375,371 common and
preferred shares outstanding and entitled to vote at the Annual Meeting, 20,895,463 common and preferred shares (or 71.13%), constituting
a quorum, were represented in person or by proxy at the Annual Meeting.
The final voting results on each proposal are
set forth below.
Proposal 1
. The stockholders elected
four directors to the board of directors to serve until the fiscal 2013 annual meeting of stockholders. The votes for this proposal
were:
Number of Shares
Number of Shares
Voted For
Withheld
Broker Non-Votes
J.Dwight Babcock
2,947,558
406,003
17,541,902
RRobert R. Kauffman
2,743,089
610,472
17,541,902
Thomas C. LaVoy
2,743,539
610,022
17,541,902
Albert Smith
2,469,402
884,159
17,541,902
Proposal 2
. The stockholders ratified
the appointment of DeCoria, Maichel & Teague, P.S. as IsoRay's independent registered public accounting firm for the
fiscal year ending June 30, 2012. The votes on this proposal were:
For
Against
Abstain
20,240,951
182,038
197,361
SIGNATURES
In accordance with 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.
Dated: March 1, 2012
IsoRay, Inc., a Minnesota corporation
By:
/s/ Dwight Babcock
Dwight Babcock, CEO