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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt 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: 18pt 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">&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">&nbsp;</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</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>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">Date of Report (Date of earliest event reported):&nbsp;&nbsp;<B>June
25, 2012</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UMAMI SUSTAINABLE SEAFOOD INC.</B></P>

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

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 31%; vertical-align: top; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 31%; vertical-align: top; font-weight: bold; text-align: center">000-52401</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 34%; vertical-align: top; font-weight: bold; text-align: center">98-06360182</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">(State or Other Jurisdiction of Incorporation or Organization)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
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<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 65%; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1230 Columbia Street, Suite 440 </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>San Diego, California</B></P></TD>
    <TD STYLE="width: 2%; vertical-align: bottom; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 33%; vertical-align: bottom; font-weight: bold; text-align: center">92101</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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: 100%; font-weight: bold; text-align: center">(619)&nbsp;544-9177</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</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"><B>Not applicable </B></P>

<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; text-align: center">&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>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&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: 0.25in"><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 Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&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: 0.25in"><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>

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<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: 0.25in"><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>

<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>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item&nbsp;1.01</B></TD><TD><B>Entry into a Material Definitive Agreement.</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; text-indent: 0.5in">On June 25, 2012, Umami Sustainable Seafood
Inc. (the &ldquo;Company&rdquo;) and Baja Aqua-Farms, S.A. de C.V. (&ldquo;Baja&rdquo;) entered into Amendment No. 3 (the &ldquo;Amendment&rdquo;)
to the Credit Agreement, dated as of August 26, 2011, by and among Umami and Baja, as borrowers, and Amerra Capital Management,
LLC (&ldquo;Amerra&rdquo;), as administrative agent, and the lenders named therein (as amended, the &ldquo;Credit Agreement&rdquo;).
Pursuant to the Amendment, Amerra agreed to increase the amount of credit available under the Credit Agreement and to modify certain
provisions of the Credit Agreement. The Amendment increased the aggregate amount of the lenders&rsquo; commitment to $30 million,
extended the maturity date to December 31, 2012 and increased the borrowing base rate to 80% of the insured value of the eligible
inventory or eligible catch, as the case may be. The Company will secure the commitment with a first priority lien on Baja&rsquo;s
licenses, concessions, fishing vessels and inventory. In addition, the Company will assign export contracts and proceeds. The maximum
credit extension shall be the lesser of $30 million and the borrowing base provided that inter-harvest loans in excess of the borrowing
base (but in all cases less than a total of $30 million) may be made in the following amounts: between April 1 and July 31, $10
million; between August 1 and August 31, $6 million; between September 1 and September 30, $3 million; between October 1 and March
31, $0. In connection with the Amendment, the Company paid a $450,000 fee. Borrowings under the Credit Agreement will accrue interest
at one year libor plus 9.00% annually, except inter-harvest loans will accrue interest at one year libor plus 11.75% annually,
and accrued interest is payable monthly. The foregoing summary of the Amendment is qualified in its entirety by the terms of the
Amendment, which is filed herewith as Exhibit 10.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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: 1in"><B>Item&nbsp;2.03</B></TD><TD><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</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; text-indent: 0.5in">The description of the Amendment to the
Credit Agreement contained in Item 1.01 to this Current Report on Form 8-K is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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: 1in"><B>Item&nbsp;5.02</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(e)</I></TD><TD STYLE="text-align: justify"><I>Compensatory Arrangements of Certain Officers</I></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 25, 2012, the Compensation Committee
(the &ldquo;Committee&rdquo;) of the Board of Directors of the Company approved a compensatory arrangement with Tim Fitzpatrick,
the Company&rsquo;s Chief Financial Officer. The compensatory arrangement includes a grant of 500,000 restricted stock units of
the Company, effective July 1, 2012, that will be payable, upon vesting, on a one-for-one basis in shares of the Company&rsquo;s
common stock. Under the compensatory arrangement, Mr. Fitzpatrick&rsquo;s outstanding option to purchase 875,000 shares of the
Company&rsquo;s common stock, which was granted on January 5, 2012, as well as Mr. Fitzpatrick&rsquo;s new award of restricted
stock units, will vest (and the options will become exercisable) upon the occurrence of certain conditions precedent. The Committee
also approved forms of award agreements for these grants, as well as a form of agreement for options previously granted by the
Company to certain officers in June 2010, which are filed herewith as Exhibits 10.2 and 10.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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: 1in"><B>Item&nbsp;9.01</B></TD><TD><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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: 0.5in"><I>(d)</I></TD><TD><I>Exhibits.</I></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">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment No.
3 to Credit Agreement, dated as of June 25, 2012, by and among Umami Sustainable Seafood, Inc. and Baja Aqua Farms S.A. de C.V.,
as borrowers, Amerra Capital Management, LLC, as administrative agent, and the lenders named therein</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">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of
Non-Plan Stock Option Agreement for June 2010 Grants to Oli Valur Steindorsson and Dan Zang</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">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Non-Plan
Stock Option Agreement for Tim Fitzpatrick</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<B><U>SIGNATURE</U></B>&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-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, thereunto duly
authorized.&nbsp;</P>

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    <TD COLSPAN="4" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">UMAMI SUSTAINABLE SEAFOOD INC.</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">(Registrant)</TD>
    <TD STYLE="font-style: italic; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Oli Valur Steindorsson</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.3in">Date:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; width: 2in">&nbsp; July 13, 2012</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; width: 4%">&nbsp;</TD>
    <TD STYLE="width: 48%">Oli Valur Steindorsson</TD>
    <TD STYLE="font-style: italic; width: 3%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



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

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[{"type": "8-K", "sequence": "1", "filename": "v318586_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 19580}]
{"company-data": {"conformed-name": "Umami Sustainable Seafood Inc.", "cik": "0001368765", "assigned-sic": "0900", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52401", "film-number": "12962640"}, "business-address": {"street1": "1230 COLUMBIA ST.,", "street2": "SUITE 440", "city": "SAN DIEGO,", "state": "CA", "zip": "92101", "phone": "(619) 544-9177"}, "mail-address": {"street1": "1230 COLUMBIA ST.,", "street2": "SUITE 440", "city": "SAN DIEGO,", "state": "CA", "zip": "92101"}, "former-company": {"former-conformed-name": "LIONS GATE LIGHTING CORP.", "date-changed": "20060712"}}
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):
June
25, 2012
UMAMI SUSTAINABLE SEAFOOD INC.
(Exact Name of Registrant as Specified
in its Charter)
Nevada
000-52401
98-06360182
(State or Other Jurisdiction of Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1230 Columbia Street, Suite 440
San Diego, California
92101
(Address of Principal Executive Offices)
(Zip Code)
(619) 544-9177
(Registrant's Telephone Number, Including Area Code)
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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)
¨
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 June 25, 2012, Umami Sustainable Seafood
Inc. (the "Company") and Baja Aqua-Farms, S.A. de C.V. ("Baja") entered into Amendment No. 3 (the "Amendment")
to the Credit Agreement, dated as of August 26, 2011, by and among Umami and Baja, as borrowers, and Amerra Capital Management,
LLC ("Amerra"), as administrative agent, and the lenders named therein (as amended, the "Credit Agreement").
Pursuant to the Amendment, Amerra agreed to increase the amount of credit available under the Credit Agreement and to modify certain
provisions of the Credit Agreement. The Amendment increased the aggregate amount of the lenders' commitment to $30 million,
extended the maturity date to December 31, 2012 and increased the borrowing base rate to 80% of the insured value of the eligible
inventory or eligible catch, as the case may be. The Company will secure the commitment with a first priority lien on Baja's
licenses, concessions, fishing vessels and inventory. In addition, the Company will assign export contracts and proceeds. The maximum
credit extension shall be the lesser of $30 million and the borrowing base provided that inter-harvest loans in excess of the borrowing
base (but in all cases less than a total of $30 million) may be made in the following amounts: between April 1 and July 31, $10
million; between August 1 and August 31, $6 million; between September 1 and September 30, $3 million; between October 1 and March
31, $0. In connection with the Amendment, the Company paid a $450,000 fee. Borrowings under the Credit Agreement will accrue interest
at one year libor plus 9.00% annually, except inter-harvest loans will accrue interest at one year libor plus 11.75% annually,
and accrued interest is payable monthly. The foregoing summary of the Amendment is qualified in its entirety by the terms of the
Amendment, which is filed herewith as Exhibit 10.1.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The description of the Amendment to the
Credit Agreement contained in Item 1.01 to this Current Report on Form 8-K is incorporated herein by reference.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
(e)
Compensatory Arrangements of Certain Officers
On June 25, 2012, the Compensation Committee
(the "Committee") of the Board of Directors of the Company approved a compensatory arrangement with Tim Fitzpatrick,
the Company's Chief Financial Officer. The compensatory arrangement includes a grant of 500,000 restricted stock units of
the Company, effective July 1, 2012, that will be payable, upon vesting, on a one-for-one basis in shares of the Company's
common stock. Under the compensatory arrangement, Mr. Fitzpatrick's outstanding option to purchase 875,000 shares of the
Company's common stock, which was granted on January 5, 2012, as well as Mr. Fitzpatrick's new award of restricted
stock units, will vest (and the options will become exercisable) upon the occurrence of certain conditions precedent. The Committee
also approved forms of award agreements for these grants, as well as a form of agreement for options previously granted by the
Company to certain officers in June 2010, which are filed herewith as Exhibits 10.2 and 10.3.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
10.1       Amendment No.
3 to Credit Agreement, dated as of June 25, 2012, by and among Umami Sustainable Seafood, Inc. and Baja Aqua Farms S.A. de C.V.,
as borrowers, Amerra Capital Management, LLC, as administrative agent, and the lenders named therein
10.2       Form of
Non-Plan Stock Option Agreement for June 2010 Grants to Oli Valur Steindorsson and Dan Zang
10.3       Form of Non-Plan
Stock Option Agreement for Tim Fitzpatrick
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, thereunto duly
authorized.
UMAMI SUSTAINABLE SEAFOOD INC.
(Registrant)
By:
/s/ Oli Valur Steindorsson
Date:
July 13, 2012
Oli Valur Steindorsson
President and Chief Executive Officer