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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">FORM
8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Date of report (date of earliest event
reported): February 15, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">WESTERN
CAPITAL RESOURCES, INC.<BR>
<FONT STYLE="font-weight: normal; text-transform: none">(Exact name of registrant as specified in its charter)</FONT></P>

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    <TD STYLE="width: 36%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Minnesota</TD>
    <TD STYLE="width: 30%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">000-52015</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">47-0848102</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="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 0 12pt; text-align: center">11550 &ldquo;I&rdquo; Street, Suite 150<BR>
Omaha, Nebraska 68137<BR>
(Address of principal executive offices) (Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(712) 322-4020<BR>
(Registrant&rsquo;s telephone number, including area 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">(Former name or former address, if changed since
last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; 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>

<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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(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"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</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: left; text-indent: 0.5in">On February 15, 2012, Western
Capital Resources, Inc. entered into Stock Redemption Agreements with each of Mill City Ventures II, LP and Lantern Advisers, LLC
for the repurchase by Western Capital of 798,000 and 480,963 common shares, respectively. On February 21, 2012, Western Capital
entered into a Stock Redemption Agreement with Boosalis Children Irrevocable Trust for the repurchase by Western Capital of 400,000
common shares. Each of these redemption transactions were effected at the per-share price of $0.15. Each Stock Redemption Agreement
contains identical and standard representations and warranties, mutual releases of any and all potential claims, and a covenant
from the selling shareholder not to reacquire any shares of Western Capital capital stock. Redemption proceeds were paid in cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 51.85pt; text-align: left; text-indent: -51.85pt"><B>Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 51.85pt; text-align: left; text-indent: -51.85pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">On February 17, 2012, Mr.
Aldus H. Chapin II resigned his position on the Board of Directors of Western Capital Resources. Mr. Chapin was not a member of
any committee of the board. Effective as of the same day, the remaining directors on the board appointed Mr. Thomas H. Ripley to
fill the board vacancy created by Mr. Chapin&rsquo;s resignation. The Board of Directors does not currently have any plans to appoint
Mr. Ripley to serve on any specific board committees.</P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">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 0 12pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0in; text-align: justify"></P>

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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">WESTERN CAPITAL RESOURCES, INC. <BR>
(<FONT STYLE="font-variant: small-caps">Registrant</FONT>):</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date:&nbsp; February 21, 2012</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By: <U>/s/ John Quandahl&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-variant: small-caps">John Quandahl</FONT>, <I>Chief Executive Officer</I></TD></TR>
</TABLE>


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{"company-data": {"conformed-name": "WESTERN CAPITAL RESOURCES, INC.", "cik": "0001363958", "assigned-sic": "6141", "irs-number": "470848102", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52015", "film-number": "12627479"}, "business-address": {"street1": "2201 WEST BROADWAY", "city": "COUNCIL BLUFFS", "state": "IA", "zip": "51501", "phone": "712-322-4020"}, "mail-address": {"street1": "2201 WEST BROADWAY", "city": "COUNCIL BLUFFS", "state": "IA", "zip": "51501"}, "former-company": {"former-conformed-name": "URON INC", "date-changed": "20060524"}}
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): February 15, 2012
WESTERN
CAPITAL RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Minnesota
000-52015
47-0848102
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
11550 "I" Street, Suite 150
Omaha, Nebraska 68137
(Address of principal executive offices) (Zip Code)
(712) 322-4020
(Registrant's telephone number, including area code)
(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:
£
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 1.01 Entry into a Material Definitive
Agreement.
On February 15, 2012, Western
Capital Resources, Inc. entered into Stock Redemption Agreements with each of Mill City Ventures II, LP and Lantern Advisers, LLC
for the repurchase by Western Capital of 798,000 and 480,963 common shares, respectively. On February 21, 2012, Western Capital
entered into a Stock Redemption Agreement with Boosalis Children Irrevocable Trust for the repurchase by Western Capital of 400,000
common shares. Each of these redemption transactions were effected at the per-share price of $0.15. Each Stock Redemption Agreement
contains identical and standard representations and warranties, mutual releases of any and all potential claims, and a covenant
from the selling shareholder not to reacquire any shares of Western Capital capital stock. Redemption proceeds were paid in cash.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On February 17, 2012, Mr.
Aldus H. Chapin II resigned his position on the Board of Directors of Western Capital Resources. Mr. Chapin was not a member of
any committee of the board. Effective as of the same day, the remaining directors on the board appointed Mr. Thomas H. Ripley to
fill the board vacancy created by Mr. Chapin's resignation. The Board of Directors does not currently have any plans to appoint
Mr. Ripley to serve on any specific board committees.
SIGNATURE
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.
WESTERN CAPITAL RESOURCES, INC.
(
Registrant
):
Date:  February 21, 2012
By:
/s/ John Quandahl
John Quandahl
,
Chief Executive Officer