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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</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; text-align: center"><B>FORM 8-K</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; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934</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; text-align: center"><B>Date of Report (Date of earliest event
reported): September 12, 2012 (September 11, 2012)</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; text-align: center"><B><U>AXION INTERNATIONAL HOLDINGS, INC.</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; text-align: center"><B>(Exact name of registrant as specified
in its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></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: 32%; font-weight: bold; text-decoration: underline; text-align: center">Colorado</TD>
    <TD STYLE="width: 2%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-decoration: underline; text-align: center">0-13111</TD>
    <TD STYLE="width: 2%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-decoration: underline; text-align: center">84-0846389</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center">(State or other jurisdiction</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center">of incorporation)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" 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: 66%; font-weight: bold; text-decoration: underline; text-align: center">180 South Street, Suite 104, New Providence, New Jersey</TD>
    <TD STYLE="width: 2%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-decoration: underline; text-align: center">07974</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<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>Registrant&rsquo;s telephone number,
including area code: <U>(908) 542-0888</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; text-align: center"><B><U>Not Applicable</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; text-align: center"><B>(Former name or former address, if changed
since last report)</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; text-align: center">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):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="font: 10pt Wingdings; margin: 0pt 0 0pt 0.3in; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

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

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>ITEM 5.02(d)</B></TD><TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 11, 2012, our Board of Directors (the &ldquo;Board&rdquo;)
appointed Allen Kronstadt (&ldquo;Kronstadt&rdquo;) and Thomas Bowersox (&ldquo;Bowersox&rdquo;) as directors of Axion International
Holdings, Inc. (the &ldquo;Company&rdquo;), pursuant to the Note Purchase Agreement dated as of August 24, 2012 (the &ldquo;Note
Purchase Agreement&rdquo;), among the Company, MLTM Lending, LLC (&ldquo;MLTM&rdquo;), Samuel Rose (&ldquo;Rose&rdquo;), Kronstadt
and the other investors identified on the signature page thereto (collectively with MLTM, Rose and Kronstadt, the &ldquo;Investors&rdquo;).
Kronstadt was appointed to the Compensation Committee of the Board and Bowersox was appointed to the Audit Committee of the Board.
On September 11, 2012, Peter Janoff, a member of the Board, notified the Board that he was resigning as a member of the Board effective
as of such date.</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">On April 25, 2012, the Company entered into a Memorandum of
Understanding  with Melvin Lenkin, an affiliate of MLTM, Rose and Kronstadt pursuant
to which the Company issued demand promissory notes (each, a &ldquo;Demand Note&rdquo; and collectively, the &ldquo;Demand Notes&rdquo;)
in the aggregate principal amount of $5,000,001.00, including a Demand Note issued to Kronstadt in the principal amount of $1,666,667.00.
The aggregate principal amount of the Demand Notes, together with accrued interest in the amount of $128,518.54, was repaid
pursuant to the Note Purchase Agreement. Interest accrued on the Demand Notes at the rate of 8.0% per annum.</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">Under the terms of the Note Purchase Agreement, the
Company issued and sold to the Investors an aggregate principal amount of $5,128,519.54 of the Company&rsquo;s 8.0%
convertible promissory notes (the &ldquo;Convertible Notes&rdquo;) which are initially convertible into shares of the
Company&rsquo;s common stock, no par value (the &ldquo;Common Stock&rdquo;), at a conversion price equal to $0.40 per share
of Common Stock, subject to adjustment as provided on the terms of the Convertible Notes, and associated warrants (the
&ldquo;Warrants&rdquo;) to purchase, in the aggregate, 12,821,302 shares of Common Stock, exercisable at an exercise price of
$0.60 per share of Common Stock, subject to adjustment as provided on the terms of the Warrants. In consideration for
the issuance of the Notes and the Warrants, the Investors converted the aggregate principal amount outstanding, together with
all accrued and unpaid interest, under the Demand Notes. As of the date hereof, the initial aggregate principal amount of the
Convertible Notes remains outstanding, and no principal or interest has been paid to date. Interest accrues on the
Convertible Notes at the rate of 8.0% per annum.</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">Pursuant to the Note Purchase Agreement, Kronstadt purchased
a Convertible Note in the original principal amount of $1,709,629.97 which is initially convertible into 4,274,075 shares of Common
Stock and an associated Warrant to purchase 4,274,075 shares of Common Stock. Kronstadt converted $1,666,667.00 in principal, together
with $42,962.97 of accrued and unpaid interest, under his Demand Note as consideration for his Convertible Note and associated
Warrant.</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">In connection with the entry into the Note Purchase Agreement,
pursuant to the terms thereof, on August 24, 2012, (i) the Company and the Investors entered into a Registration Rights Agreement
pursuant to which the Company granted to the Investors certain demand and piggyback registration rights with respect to the registration
of certain Company securities under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder,
and (ii) the Company, Axion International, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (&ldquo;Axion
International&rdquo;), and the Investors entered into a Security Agreement pursuant to which the Company and Axion International
granted a security interest and lien in all of their assets and rights to the Investors to secure the Company&rsquo;s obligations
under the Convertible Notes.</P>

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

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<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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</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">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</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>Date: September 12, 2012</TD>
    <TD COLSPAN="2">AXION INTERNATIONAL HOLDINGS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-bottom: 1pt">By:</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid">/s/ Donald W. Fallon</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Donald W. Fallon</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&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="margin: 0"></P>

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[{"type": "8-K", "sequence": "1", "filename": "v323611_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 17373}]
{"company-data": {"conformed-name": "AXION INTERNATIONAL HOLDINGS, INC.", "cik": "0000753048", "assigned-sic": "3086", "irs-number": "840846389", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-13111", "film-number": "121088290"}, "business-address": {"street1": "180 SOUTH STREET", "street2": ".", "city": "NEW PROVIDENCE", "state": "NJ", "zip": "07974", "phone": "908-542-0888"}, "mail-address": {"street1": "180 SOUTH STREET", "street2": ".", "city": "NEW PROVIDENCE", "state": "NJ", "zip": "07974"}, "former-company": {"former-conformed-name": "ANALYTICAL SURVEYS INC", "date-changed": "19920703"}}
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): September 12, 2012 (September 11, 2012)
AXION INTERNATIONAL HOLDINGS, INC.
(Exact name of registrant as specified
in its charter)
Colorado
0-13111
84-0846389
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
180 South Street, Suite 104, New Providence, New Jersey
07974
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number,
including area code:
(908) 542-0888
Not Applicable
(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
(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(d)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On September 11, 2012, our Board of Directors (the "Board")
appointed Allen Kronstadt ("Kronstadt") and Thomas Bowersox ("Bowersox") as directors of Axion International
Holdings, Inc. (the "Company"), pursuant to the Note Purchase Agreement dated as of August 24, 2012 (the "Note
Purchase Agreement"), among the Company, MLTM Lending, LLC ("MLTM"), Samuel Rose ("Rose"), Kronstadt
and the other investors identified on the signature page thereto (collectively with MLTM, Rose and Kronstadt, the "Investors").
Kronstadt was appointed to the Compensation Committee of the Board and Bowersox was appointed to the Audit Committee of the Board.
On September 11, 2012, Peter Janoff, a member of the Board, notified the Board that he was resigning as a member of the Board effective
as of such date.
On April 25, 2012, the Company entered into a Memorandum of
Understanding  with Melvin Lenkin, an affiliate of MLTM, Rose and Kronstadt pursuant
to which the Company issued demand promissory notes (each, a "Demand Note" and collectively, the "Demand Notes")
in the aggregate principal amount of $5,000,001.00, including a Demand Note issued to Kronstadt in the principal amount of $1,666,667.00.
The aggregate principal amount of the Demand Notes, together with accrued interest in the amount of $128,518.54, was repaid
pursuant to the Note Purchase Agreement. Interest accrued on the Demand Notes at the rate of 8.0% per annum.
Under the terms of the Note Purchase Agreement, the
Company issued and sold to the Investors an aggregate principal amount of $5,128,519.54 of the Company's 8.0%
convertible promissory notes (the "Convertible Notes") which are initially convertible into shares of the
Company's common stock, no par value (the "Common Stock"), at a conversion price equal to $0.40 per share
of Common Stock, subject to adjustment as provided on the terms of the Convertible Notes, and associated warrants (the
"Warrants") to purchase, in the aggregate, 12,821,302 shares of Common Stock, exercisable at an exercise price of
$0.60 per share of Common Stock, subject to adjustment as provided on the terms of the Warrants. In consideration for
the issuance of the Notes and the Warrants, the Investors converted the aggregate principal amount outstanding, together with
all accrued and unpaid interest, under the Demand Notes. As of the date hereof, the initial aggregate principal amount of the
Convertible Notes remains outstanding, and no principal or interest has been paid to date. Interest accrues on the
Convertible Notes at the rate of 8.0% per annum.
Pursuant to the Note Purchase Agreement, Kronstadt purchased
a Convertible Note in the original principal amount of $1,709,629.97 which is initially convertible into 4,274,075 shares of Common
Stock and an associated Warrant to purchase 4,274,075 shares of Common Stock. Kronstadt converted $1,666,667.00 in principal, together
with $42,962.97 of accrued and unpaid interest, under his Demand Note as consideration for his Convertible Note and associated
Warrant.
In connection with the entry into the Note Purchase Agreement,
pursuant to the terms thereof, on August 24, 2012, (i) the Company and the Investors entered into a Registration Rights Agreement
pursuant to which the Company granted to the Investors certain demand and piggyback registration rights with respect to the registration
of certain Company securities under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder,
and (ii) the Company, Axion International, Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("Axion
International"), and the Investors entered into a Security Agreement pursuant to which the Company and Axion International
granted a security interest and lien in all of their assets and rights to the Investors to secure the Company's obligations
under the Convertible Notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 12, 2012
AXION INTERNATIONAL HOLDINGS, INC.
By:
/s/ Donald W. Fallon
Donald W. Fallon
Chief Financial Officer