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<HEAD>
<TITLE>Form 8-K</TITLE>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt">UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington,
D.C. 20549</P>

<P STYLE="text-align: center">_________________</P>

<P STYLE="font-size: 14pt; font-weight: bold; text-align: center; margin-top: 6pt; margin-bottom: 6pt">FORM
8-K</P>

<P STYLE="text-align: center">_________________</P>

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt">CURRENT
REPORT</P>

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt">Date
of Report (Date of earliest event reported):&nbsp; June 11, 2012</P>

<P STYLE="text-align: center">_______________________________</P>

<P STYLE="font-size: 12pt; text-align: center; margin-top: 6pt; margin-bottom: 0; font-weight: bold">PROCYON CORPORATION</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0; margin-bottom: 6pt">(Exact name of registrant as specified in its charter)</P>

<P STYLE="text-align: center">_______________________________</P>

<P>&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
     <TD STYLE="width: 33%; font-size: 10pt; font-weight: bold; text-align: center">Colorado</TD>
     <TD STYLE="width: 34%; font-size: 10pt; font-weight: bold; text-align: center"> 0-17449</TD>
     <TD STYLE="width: 33%; font-size: 10pt; font-weight: bold; text-align: center"> 59-3280822</TD>
</TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="font-size: 10pt; text-align: center">(State or Other Jurisdiction</TD>
     <TD STYLE="font-size: 10pt; text-align: center">(Commission</TD>
     <TD STYLE="font-size: 10pt; text-align: center">(I.R.S. Employer</TD>
</TR>
<TR STYLE="vertical-align: top">
     <TD STYLE="font-size: 10pt; text-align: center">of Incorporation)</TD>
     <TD STYLE="font-size: 10pt; text-align: center">File Number)</TD>
     <TD STYLE="font-size: 10pt; text-align: center">Identification No.)</TD>
</TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 12pt; margin-bottom: 6pt"><B>1300 S. HIGHLAND CLEARWATER, FL&nbsp;
33756</B></P>

<P STYLE="font-size: 10pt; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt"><B> (727) 447-2998</B><BR>(Registrant&rsquo;s
telephone number, including area code)</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt"><B>N/A</B><BR>(Former
name or former address, if changed since last report)</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">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>

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     <TD STYLE="width: 3%; font-size: 10pt; text-align: left"><FONT FACE="Wingdings">&#168;</FONT></TD>
     <TD STYLE="width: 97%; font-size: 10pt; text-align: left"> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; margin-top: 6pt; margin-bottom: 6pt">
<TR STYLE="vertical-align: top">
     <TD STYLE="width: 3%; font-size: 10pt; text-align: left"><FONT FACE="Wingdings">&#168;</FONT></TD>
     <TD STYLE="width: 97%; font-size: 10pt; text-align: left"> Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; margin-top: 6pt; margin-bottom: 6pt">
<TR STYLE="vertical-align: top">
     <TD STYLE="width: 3%; font-size: 10pt; text-align: left"><FONT FACE="Wingdings">&#168;</FONT></TD>
     <TD STYLE="width: 97%; font-size: 10pt; text-align: left"> Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; margin-top: 6pt; margin-bottom: 6pt">
<TR STYLE="vertical-align: top">
     <TD STYLE="width: 3%; font-size: 10pt; text-align: left"><FONT FACE="Wingdings">&#168;</FONT></TD>
     <TD STYLE="width: 97%; font-size: 10pt; text-align: left"> Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>

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<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt"><A NAME="toc"></A></P>

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt">&nbsp;</P>

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

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

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

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

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

<P STYLE="margin: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">Item
    1.01 Entry Into a Material Definitive Agreement.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">Effective
    on June 11, 2012, Procyon Corporation&rsquo;s operating subsidiary, Amerx Health Care Corporation (&ldquo;Amerx&rdquo;) entered
    into a written Job Offer - Salary and Benefit Statement (the &ldquo;Written Agreement&rdquo;) confirming the basic terms of
    employment offered by Amerx to George Borak and accepted by Mr. Borak. Under the Written Agreement, Mr. Borak has agreed to
    serve as Amerx&rsquo;s Vice President - Sales for a base annual salary of $150,000 plus certain incentive and other benefits.
    A Press Release dated June 27, 2012 announcing Mr. Borak&rsquo;s employment with Amerx is attached as Exhibit 99.1 and the
    information contained therein is incorporated herein by reference. A copy of the Written Agreement is attached as Exhibit
    10.1 and the information contained therein is incorporated herein by reference.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">Item
    8.01 Other Events.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">As
    set forth in Item 1.01, Amerx entered into an employment agreement for George Borak to serve as the corporation&rsquo;s Vice
    President - Sales, effective June 11, 2012. A Press Release dated June 27, 2012 announcing Mr. Borak&rsquo;s employment with
    Amerx is attached as Exhibit 99.1 and the information contained therein is incorporated herein by reference.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">On
    June 27, 2012, Amerx issued a Press Release announcing that Amerx has been awarded a Federal Supply Service 6511A Medical
    Equipment &amp; Supplies Contract effective June 15, 2012 through June 14, 2017. The Press Release is attached as Exhibit
    99.2 and the information contained therein is incorporated herein by reference.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" HSPACE="0" VSPACE="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 11.5pt Times New Roman, Times, Serif; text-align: left; text-autospace: none"><FONT STYLE="font-size: 10pt">Item
    9.01 Financial Statements and Exhibits.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 22pt"><FONT STYLE="font-size: 10pt">(d) Exhibits</FONT></P>

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

<P STYLE="font-weight: bold; font-size: 10pt; text-align: center; margin-top: 6pt; margin-bottom: 6pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-align: center; border-bottom: Black 1pt solid">Exhibit No.</TD>
    <TD STYLE="width: 2%; text-align: left; padding-bottom: 1pt"></TD>
    <TD STYLE="width: 88%; text-align: center; border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.1</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">Job Offer - Salary &amp; Benefit Statements between Amerx Health Care Corporation and George
    Borak, effective June 11, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">Press Release dated June 27, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.2</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">Press Release dated June 27, 2012.</TD></TR>
</TABLE>

<P STYLE="font-weight: bold; font-size: 10pt; text-align: left; margin-top: 6pt; margin-bottom: 6pt">&nbsp;</P>

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



<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 6pt; margin-bottom: 6pt"><A NAME="Signatures"></A>SIGNATURES</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">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-size: 10pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>PROCYON CORPORATION</B></TD>
</TR>
<TR>
    <TD STYLE="vertical-align: top; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 4%">By</TD>
    <TD STYLE="vertical-align: top; width: 50%">/s/ Regina W. Anderson</TD>
</TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Name: Regina W. Anderson<BR>Title: Chief Executive Officer</TD>
</TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">Date:&nbsp;&nbsp;June 27, 2012</P>

<BR>


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Form 8-K
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 11, 2012
_______________________________
PROCYON CORPORATION
(Exact name of registrant as specified in its charter)
_______________________________
Colorado
0-17449
59-3280822
(State or Other Jurisdiction
(Commission
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
1300 S. HIGHLAND CLEARWATER, FL 
33756
(Address of Principal Executive Offices)
(Zip Code)
(727) 447-2998
(Registrant's
telephone number, including area code)
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:
¨
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.
Effective
    on June 11, 2012, Procyon Corporation's operating subsidiary, Amerx Health Care Corporation ("Amerx") entered
    into a written Job Offer - Salary and Benefit Statement (the "Written Agreement") confirming the basic terms of
    employment offered by Amerx to George Borak and accepted by Mr. Borak. Under the Written Agreement, Mr. Borak has agreed to
    serve as Amerx's Vice President - Sales for a base annual salary of $150,000 plus certain incentive and other benefits.
    A Press Release dated June 27, 2012 announcing Mr. Borak's employment with Amerx is attached as Exhibit 99.1 and the
    information contained therein is incorporated herein by reference. A copy of the Written Agreement is attached as Exhibit
    10.1 and the information contained therein is incorporated herein by reference.
Item
    8.01 Other Events.
As
    set forth in Item 1.01, Amerx entered into an employment agreement for George Borak to serve as the corporation's Vice
    President - Sales, effective June 11, 2012. A Press Release dated June 27, 2012 announcing Mr. Borak's employment with
    Amerx is attached as Exhibit 99.1 and the information contained therein is incorporated herein by reference.
On
    June 27, 2012, Amerx issued a Press Release announcing that Amerx has been awarded a Federal Supply Service 6511A Medical
    Equipment & Supplies Contract effective June 15, 2012 through June 14, 2017. The Press Release is attached as Exhibit
    99.2 and the information contained therein is incorporated herein by reference.
Item
    9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
10.1
Job Offer - Salary & Benefit Statements between Amerx Health Care Corporation and George
    Borak, effective June 11, 2012.
99.1
Press Release dated June 27, 2012.
99.2
Press Release dated June 27, 2012.
SIGNATURES
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.
PROCYON CORPORATION
By
/s/ Regina W. Anderson
Name: Regina W. Anderson
Title: Chief Executive Officer
Date:  June 27, 2012