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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: normal" face="Times New Roman,serif">UNITED STATES</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: normal" face="Times New Roman,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Washington, D.C.&nbsp; 20549</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: normal" face="Times New Roman,serif">FORM 8-K </FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Current Report </FONT></B></P>

<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</FONT></B></P>

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<P style="MARGIN: 12pt 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Date of Report (Date of earliest event reported):&nbsp; August 2, 2011</FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: normal" face="Times New Roman,serif">INVESTORS CAPITAL HOLDINGS, LTD.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(Exact name of registrant as specified in its charter)</FONT></P>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">DELAWARE</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(State or other jurisdiction of</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">incorporation)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">333-43664</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(Commission File Number)</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">04-3284631</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(IRS Employer</FONT></P>

   <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Identification No.)</FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">230 Broadway East</FONT></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Lynnfield, MA 01940</FONT></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(Address of principal executive offices) (Zip Code)</FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Registrant&#8217;s telephone number, including area code&nbsp; (800) 949-1422</FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">NOT APPLICABLE</FONT></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(Former name or former address if changed since last report)</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">[&nbsp;&nbsp;&nbsp; ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">[&nbsp;&nbsp;&nbsp; ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">[&nbsp;&nbsp;&nbsp; ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">[&nbsp;&nbsp;&nbsp; ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Item 5.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in Control of Registrant</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On August 2, 2011, the sale of 3,608,820 shares of common stock of Investors Capital Holdings, Ltd. (the &#8220;Company&#8221;) in a public offering (the &#8220;Offering&#8221;) was completed by Theodore E. Charles, the Company&#8217;s Chairman, Chairman of the Board, Director and former Chief Executive Officer (&#8220;Mr. Charles&#8221;), Janice M. Charles (&#8220;Mrs. Charles&#8221;), the spouse of Mr. Charles, Allison Charles, the Company&#8217;s Director of Practice Management and daughter of Mr. Charles and Mrs. Charles, The Charles Family Charitable Foundation, a trust of which Mr. Charles and Mrs. Charles are co-trustees, The Allison A. Charles Irrevocable Trust, a trust of which Daniel Carragher, who is the brother of Mrs. Charles, is the sole trustee, and The Amanda J. Charles Irrevocable Trust, a trust of which Daniel Carragher is the sole trustee (collectively, the &#8220;Selling Stockholders&#8221;).&nbsp; The Offering was underwritten on a best efforts basis by Investors Capital Corp. (the &#8220;Underwriter&#8221;) and Sterne, Agee &amp; Leach, Inc. acted as a &#8220;qualified independent underwriter&#8221; (within the meaning of FINRA Rule 5121).&nbsp; The Offering resulted in proceeds, before expenses, to the Selling Stockholders of $14,608,954. </FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prior to the Offering, Mr. Charles beneficially owned 44.56% of the Company&#8217;s outstanding common stock and the Selling Stockholders, collectively, beneficially owned 54.56% of the Company&#8217;s outstanding common stock.&nbsp; Upon the closing of the Offering on August 2, 2011 (the &#8220;Closing&#8221;), none of the Selling Stockholders, including Mr. Charles, beneficially owned any shares of the Company&#8217;s Common Stock, other than shares held through the Company&#8217;s 401(k) plan.&nbsp; Furthermore, as described below, upon the Closing, Mr. Charles resigned </FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>(i) from his officer position of Chairman of the Company, (ii) as a director and the Chairman of the Board of Directors of the Company, and (iii) as a member of the Board of Directors and an officer of all of the Company&#8217;s subsidiaries.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a result of the Closing and the resignations by Mr. Charles, Mr. Charles is no longer deemed to have control of the Company.&nbsp; The Company is not aware of any other person obtaining control of the Company as a result of the Offering.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -1in"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Item 5.02.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt 1.25in; TEXT-INDENT: -0.75in"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>On August 2, 2011 Mr. Charles resigned (i) from his officer position of Chairman of the Company, (ii) as a director and the Chairman of the Board of Directors of the Company, and (iii) as a member of the Board of Directors and an officer of all of the Company&#8217;s subsidiaries.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>Mr. Charles&#8217;s resignation was required pursuant to the terms of an agreement (the &#8220;Agreement&#8221;) between Mr. Charles and the Company dated June 30, 2011.&nbsp; Pursuant to the Agreement, Mr. Charles agreed to retire as an officer and director of the Company and all of its subsidiaries, effective upon the Closing.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>Pursuant to the Agreement, Mr. Charles&#8217;s retirement will be treated as a &#8220;Retirement&#8221; as defined in, and in accordance with Section 10.f of, the employment agreement (the &#8220;Employment Agreement&#8221;) between Mr. Charles and the Company dated April 20, 2011. </FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>Pursuant to the Agreement and effective upon the Closing, the consultant agreement (the &#8220;Consultant Agreement&#8221;) between Mr. Charles and the Company dated April 20, 2011 was amended as previously disclosed in the Company&#8217;s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2011.&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in">&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=black>Pursuant to the Agreement and effective upon the Closing, the Company transferred to Mr. Charles title to an existing life insurance policy with a $2 million death benefit on the life of Mr. Charles. &nbsp;The Company has no further obligations to pay premiums or other amounts in connection with such life insurance policy.&nbsp; The policy had a cash surrender value of $547,649 at March 31, 2011.&nbsp; </FONT></P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">SIGNATURE</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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; INVESTORS CAPITAL HOLDINGS, LTD.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 265.5pt; TEXT-INDENT: -265.5pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Date:&nbsp; August 2, 2011&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">/s/ Kathleen L. Donnelly&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt 265.5pt; TEXT-INDENT: -265.5pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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; Kathleen L. Donnelly&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt 265.5pt; TEXT-INDENT: -265.5pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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; Chief Financial Officer</FONT></P>

<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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;&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;</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&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;&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;</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>

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[{"type": "8-K", "sequence": "1", "filename": "eight-k.htm", "description": "8-K", "secsgml_size_bytes": 25295}]
{"company-data": {"conformed-name": "INVESTORS CAPITAL HOLDINGS LTD", "cik": "0001001871", "assigned-sic": "6799", "irs-number": "043284631", "state-of-incorporation": "MA", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-43664", "film-number": "111003829"}, "business-address": {"street1": "230 BROADWAY EAST", "city": "LYNNFIELD", "state": "MA", "zip": "01940", "phone": "7815938565"}, "mail-address": {"street1": "230 BROADWAY", "city": "LYNNFIELD", "state": "MA", "zip": "01940"}}
eight-k.htm - Generated by SEC Publisher for SEC Filing
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):  August 2, 2011
INVESTORS CAPITAL HOLDINGS, LTD.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of
incorporation)
333-43664
(Commission File Number)
04-3284631
(IRS Employer
Identification No.)
230 Broadway East
Lynnfield, MA 01940
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code  (800) 949-1422
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 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 5.01.       Changes in Control of Registrant
On August 2, 2011, the sale of 3,608,820 shares of common stock of Investors Capital Holdings, Ltd. (the "Company") in a public offering (the "Offering") was completed by Theodore E. Charles, the Company's Chairman, Chairman of the Board, Director and former Chief Executive Officer ("Mr. Charles"), Janice M. Charles ("Mrs. Charles"), the spouse of Mr. Charles, Allison Charles, the Company's Director of Practice Management and daughter of Mr. Charles and Mrs. Charles, The Charles Family Charitable Foundation, a trust of which Mr. Charles and Mrs. Charles are co-trustees, The Allison A. Charles Irrevocable Trust, a trust of which Daniel Carragher, who is the brother of Mrs. Charles, is the sole trustee, and The Amanda J. Charles Irrevocable Trust, a trust of which Daniel Carragher is the sole trustee (collectively, the "Selling Stockholders").  The Offering was underwritten on a best efforts basis by Investors Capital Corp. (the "Underwriter") and Sterne, Agee & Leach, Inc. acted as a "qualified independent underwriter" (within the meaning of FINRA Rule 5121).  The Offering resulted in proceeds, before expenses, to the Selling Stockholders of $14,608,954.
Prior to the Offering, Mr. Charles beneficially owned 44.56% of the Company's outstanding common stock and the Selling Stockholders, collectively, beneficially owned 54.56% of the Company's outstanding common stock.  Upon the closing of the Offering on August 2, 2011 (the "Closing"), none of the Selling Stockholders, including Mr. Charles, beneficially owned any shares of the Company's Common Stock, other than shares held through the Company's 401(k) plan.  Furthermore, as described below, upon the Closing, Mr. Charles resigned
(i) from his officer position of Chairman of the Company, (ii) as a director and the Chairman of the Board of Directors of the Company, and (iii) as a member of the Board of Directors and an officer of all of the Company's subsidiaries.
As a result of the Closing and the resignations by Mr. Charles, Mr. Charles is no longer deemed to have control of the Company.  The Company is not aware of any other person obtaining control of the Company as a result of the Offering.
Item 5.02.       Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 2, 2011 Mr. Charles resigned (i) from his officer position of Chairman of the Company, (ii) as a director and the Chairman of the Board of Directors of the Company, and (iii) as a member of the Board of Directors and an officer of all of the Company's subsidiaries.
Mr. Charles's resignation was required pursuant to the terms of an agreement (the "Agreement") between Mr. Charles and the Company dated June 30, 2011.  Pursuant to the Agreement, Mr. Charles agreed to retire as an officer and director of the Company and all of its subsidiaries, effective upon the Closing.
Pursuant to the Agreement, Mr. Charles's retirement will be treated as a "Retirement" as defined in, and in accordance with Section 10.f of, the employment agreement (the "Employment Agreement") between Mr. Charles and the Company dated April 20, 2011.
Pursuant to the Agreement and effective upon the Closing, the consultant agreement (the "Consultant Agreement") between Mr. Charles and the Company dated April 20, 2011 was amended as previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2011.
Pursuant to the Agreement and effective upon the Closing, the Company transferred to Mr. Charles title to an existing life insurance policy with a $2 million death benefit on the life of Mr. Charles.  The Company has no further obligations to pay premiums or other amounts in connection with such life insurance policy.  The policy had a cash surrender value of $547,649 at March 31, 2011.
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.
INVESTORS CAPITAL HOLDINGS, LTD.
Date:  August 2, 2011                                                      By:
/s/ Kathleen L. Donnelly
Kathleen L. Donnelly
Chief Financial Officer