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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, D.C. 20549</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>September 6, 2012</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">Nevada</TD>
    <TD STYLE="width: 34%; border-bottom: black 1pt solid; padding-right: 22.5pt; font-size: 10pt; text-align: center">333-149857</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; font-size: 10pt; text-align: center">26-0338889</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Of incorporation)</P></TD>
    <TD STYLE="padding-right: 22.5pt; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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="width: 63%; border-bottom: black 1pt solid; text-align: center">1602 Old Underwood Road, La Porte, TX</TD>
    <TD STYLE="width: 37%; border-bottom: black 1pt solid; text-align: center">77571</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Registrant's telephone number, including area code:</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">(281) 867-8400</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<HR STYLE="color: Black; width: 25%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, If Changed
Since Last Report)</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act&nbsp;(17&nbsp;CFR&nbsp;240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%">Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act&nbsp;(17&nbsp;CFR&nbsp;240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Please see the disclosures
set forth under <U>Item 2.01</U> below regarding the Agreement (as such term is defined therein) which are hereby incorporated
into this <U>Item 1.01</U> by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Item 2.01 Completion
of Acquisition or Disposition of Assets.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 34.5pt">&#9;On September 6,
2012, Texas Gulf Energy, Incorporated, a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), closed a transaction (the &ldquo;<U>Transaction</U>&rdquo;)
involving a Share Exchange Agreement dated August 31, 2012 (the &ldquo;<U>Agreement</U>&rdquo;) by and among the Company, Texas
Gulf Oil &amp; Gas, Inc., a Nevada corporation (&ldquo;<U>TGOG</U>&rdquo;), and Corporate Strategies, LLC, a Texas limited liability
company (&ldquo;<U>CSLLC</U>&rdquo;). Prior to the closing of such Transaction, TGOG was a wholly-owned subsidiary of the Company.
Pursuant to the terms of the Agreement, the Company sold ninety-one percent (91%), or 91,000 shares, of the common stock of TGOG
to CSLLC in exchange for 6,000,000 shares of the Company&rsquo;s common stock, par value $0.00001 per share (&ldquo;<U>Common Stock</U>&rdquo;),
consisting of (i) 2,400,000 shares of Common Stock which were beneficially owned by CSLLC and (ii) 3,600,000 shares of Common Stock
which were owed to CSLLC by the Company as incentive shares. Of the shares of Common Stock being tendered to the Company by CSLLC
as a result of the Transaction, approximately 2,000,000 are currently in the publicly-traded float. As a result, the Company&rsquo;s
public float will be reduced by that amount, or approximately twenty-five percent (25%).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Also, pursuant to the
Agreement, the Chief Executive Officer of TGOG and Managing Member of CSLLC (&ldquo;<U>Connolly</U>&rdquo;), agreed to release
the Company and its wholly-owned subsidiary, International Plant Services, L.L.C. (&ldquo;<U>IPS</U>&rdquo;) from their joint obligation
to guarantee compensation payments owed to Connolly for the period of September 1, 2012 through January 27, 2015 under that certain
Employment Agreement by and between Connolly and TGOG dated January 27, 2012 (the &ldquo;<U>Employment Agreement</U>&rdquo;). Such
release of the Company and IPS is conditioned upon the payment of all amounts owed to Connolly under the Employment Agreement from
January 27, 2012 through August 31, 2012.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the Transaction, David Mathews, the Company&rsquo;s Chief Executive Officer and President, and Craig Crawford, the Company&rsquo;s
Executive Vice President and Chief Financial Officer, resigned from all of their officer and director positions with TGOG.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.75pt"><B>Item 8.01 O<FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">ther
Events. </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.75pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">The Company and it&rsquo;s Vice President of Finance and Accounting mutually agreed that the position
would be temporarily eliminated, effective September 10, 2012. The Company has the obligation to pay approximately 90 days of severance
and accrued vacation pay under it&rsquo;s agreements.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Item
9.01 Financial Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></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: 4%; text-align: justify">(a)</TD>
    <TD STYLE="width: 96%; text-align: justify"><U>Financial statements of business acquired</U>. Not applicable.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">(b)</TD>
    <TD STYLE="text-align: justify"><U>Pro forma financial information</U>. Not applicable</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(c)</TD>
    <TD><U>Shell company transactions</U>. Not applicable. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(d)</TD>
    <TD><U>Exhibits</U>.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; background-color: #CCCCCC">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">EXHIBIT</P>
        </TD>
    <TD STYLE="width: 44%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.5pt solid"><B>DESCRIPTION</B></P>
       </TD>
    <TD STYLE="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.5pt solid"><B>LOCATION</B></P>
      </TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.05in">2.1</TD>
    <TD STYLE="padding-right: 8.1pt; padding-left: 5.4pt; text-align: justify">Share Exchange Agreement, dated August 31, 2012, by and among Texas Gulf Energy, Incorporated, Texas Gulf Oil &amp; Gas, Inc. and Corporate Strategies, LLC.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Provided herewith.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 37.4pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed
on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 37.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 37.4pt">&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="width: 55%">Date:&nbsp; September 17, 2012</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">TEXAS GULF ENERGY, INCORPORATED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid">/s/ Craig Crawford</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Craig Crawford</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:&nbsp;</TD>
    <TD>Chief Financial Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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{"company-data": {"conformed-name": "Texas Gulf Energy Inc", "cik": "0001429627", "assigned-sic": "5960", "irs-number": "260338889", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-149857", "film-number": "121096035"}, "business-address": {"street1": "1601 OLD UNDERWOOD ROAD", "city": "LA PORTE", "state": "TX", "zip": "77571", "phone": "(281) 867-8400"}, "mail-address": {"street1": "1601 OLD UNDERWOOD ROAD", "city": "LA PORTE", "state": "TX", "zip": "77571"}, "former-company": [{"former-conformed-name": "GLOBAL NUTECH, INC.", "date-changed": "20101008"}, {"former-conformed-name": "Bio-Clean, Inc.", "date-changed": "20091116"}, {"former-conformed-name": "Nature of Beauty Ltd.", "date-changed": "20080313"}]}
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
__________________
September 6, 2012
Date of Report (Date of earliest event reported)
TEXAS GULF ENERGY, INCORPORATED
(Exact Name of Registrant as Specified in
Charter)
Nevada
333-149857
26-0338889
(State or other Jurisdiction
Of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1602 Old Underwood Road, La Porte, TX
77571
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
(281) 867-8400
N/A
(Former Name or Former Address, If Changed
Since Last Report)
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 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01Entry into
a Material Definitive Agreement.
Please see the disclosures
set forth under
Item 2.01
below regarding the Agreement (as such term is defined therein) which are hereby incorporated
into this
Item 1.01
by reference.
Item 2.01 Completion
of Acquisition or Disposition of Assets.
On September 6,
2012, Texas Gulf Energy, Incorporated, a Nevada corporation (the "
Company
"), closed a transaction (the "
Transaction
")
involving a Share Exchange Agreement dated August 31, 2012 (the "
Agreement
") by and among the Company, Texas
Gulf Oil & Gas, Inc., a Nevada corporation ("
TGOG
"), and Corporate Strategies, LLC, a Texas limited liability
company ("
CSLLC
"). Prior to the closing of such Transaction, TGOG was a wholly-owned subsidiary of the Company.
Pursuant to the terms of the Agreement, the Company sold ninety-one percent (91%), or 91,000 shares, of the common stock of TGOG
to CSLLC in exchange for 6,000,000 shares of the Company's common stock, par value $0.00001 per share ("
Common Stock
"),
consisting of (i) 2,400,000 shares of Common Stock which were beneficially owned by CSLLC and (ii) 3,600,000 shares of Common Stock
which were owed to CSLLC by the Company as incentive shares. Of the shares of Common Stock being tendered to the Company by CSLLC
as a result of the Transaction, approximately 2,000,000 are currently in the publicly-traded float. As a result, the Company's
public float will be reduced by that amount, or approximately twenty-five percent (25%).
Also, pursuant to the
Agreement, the Chief Executive Officer of TGOG and Managing Member of CSLLC ("
Connolly
"), agreed to release
the Company and its wholly-owned subsidiary, International Plant Services, L.L.C. ("
IPS
") from their joint obligation
to guarantee compensation payments owed to Connolly for the period of September 1, 2012 through January 27, 2015 under that certain
Employment Agreement by and between Connolly and TGOG dated January 27, 2012 (the "
Employment Agreement
"). Such
release of the Company and IPS is conditioned upon the payment of all amounts owed to Connolly under the Employment Agreement from
January 27, 2012 through August 31, 2012.
In connection with
the Transaction, David Mathews, the Company's Chief Executive Officer and President, and Craig Crawford, the Company's
Executive Vice President and Chief Financial Officer, resigned from all of their officer and director positions with TGOG.
Item 8.01 O
ther
Events.
The Company and it's Vice President of Finance and Accounting mutually agreed that the position
would be temporarily eliminated, effective September 10, 2012. The Company has the obligation to pay approximately 90 days of severance
and accrued vacation pay under it's agreements.
Item
9.01 Financial Statements and Exhibits.
(a)
Financial statements of business acquired
. Not applicable.
(b)
Pro forma financial information
. Not applicable
(c)
Shell company transactions
. Not applicable.
(d)
Exhibits
.
EXHIBIT
DESCRIPTION
LOCATION
2.1
Share Exchange Agreement, dated August 31, 2012, by and among Texas Gulf Energy, Incorporated, Texas Gulf Oil & Gas, Inc. and Corporate Strategies, LLC.
Provided herewith.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed
on its behalf by the undersigned hereunto duly authorized.
Date:  September 17, 2012
TEXAS GULF ENERGY, INCORPORATED
By:
/s/ Craig Crawford
Name:
Craig Crawford
Title:
Chief Financial Officer