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<title>Form 8-K, March 5, 2009 </title>


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<p class=MsoNormal align=center style='text-align:center'><b><font size="4">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, DC 20549<br>
</font>
<br>
</b></p>



<p class=MsoNormal align=center style='text-align:center'><b><font size="5">FORM 8&#8209;K</font></b></p>



<p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT Pursuant<br>
to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</b></p>





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  <p class=MsoNormal align=right style='text-align:right'>Date of report (Date of
  earliest event reported):</p>
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  <td width=181 valign=top style='width:135.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>March
  5, 2009</b></p>
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<p class=MsoNormal align=center style='text-align:center'><b><font size="5">TOR Minerals International, Inc.<br>
</font>
</b><font size="2">(Exact Name of Registrant as
Specified in Its Charter)</font></p>



<p class=MsoNormal align=center style='text-align:center'><b>Delaware<br>
</b><font size="2">(State or Other
Jurisdiction of Incorporation)</font></p>



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  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>0-17321<br>
  </b><font size="2">(Commission
  File Number)<br>
  </font>
  <br>
  </p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>74-2081929<br>
  </b><font size="2">(IRS Employer
  Identification No.)<br>
  </font>
  <br>
  </p>
  </td>
 </tr>
 <tr>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>722 Burleson Street<br>
  Corpus Christi, Texas<br>
  </b><font size="2">(Address of
  Principal Executive Offices)</font></p>
  </td>
  <td width=288 valign=top style='width:3.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><br>
  78402<br>
  </b><font size="2">(Zip Code)</font></p>
  </td>
 </tr>
</table>

</div>



<p class=MsoNormal align=center style='text-align:center'><b>(361) 883-5591<br>
</b><font size="2">(Registrant's Telephone Number, Including Area Code)</font></p>



<p class=MsoNormal align=center style='text-align:center'><b>N/A<br>
</b><font size="2">(Former Name or
Former Address, if Changed Since Last Report)</font></p>



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  <p class=MsoNormal style='text-align:justify'><font size="2">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 (<i>see </i>General Instruction A.2.
  below):</font></p>
  </td>
 </tr>
</table>

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  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</font></p>
  </td>
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  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</font></p>
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  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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	<font size="2">___</font></p>
  </td>
  <td width=601 valign=top style='width:450.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:13.0pt'><font size="2">Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
  </td>
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  <p class=MsoNormal style='text-align:justify'><b><font size="2">ITEM
  2.04</font></b></p>
  </td>
  <td width=586 valign=top style='width:6.1in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b><u><font size="2">Triggering Events
  That Accelerate or Increase a Direct Financial Obligation <br>
  or an Obligation Under an Off Balance Sheet Arrangement.</font></u></b></p>
  </td>
 </tr>
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<p class=MsoNormal style='text-align:justify'><font size="2">TOR
Minerals International, Inc. (the &quot;Company&quot;) received notification from Bank of
America, N.A. (the &quot;Bank&quot;) on March 5, 2009 of the Bank's decision to terminate
the existing credit relationship (the &quot;Credit Agreement&quot;) with the Company and
require the Company to pay off all outstanding indebtedness within the Bank by
April 1, 2009, in an amount of approximately $2,456,000.&nbsp; The Credit Agreement
with the Bank consists of the following:</font></p>



<p class=MsoNormal style='margin-left:27.0pt;text-align:justify;text-indent:
-.25in'><font size="2">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Line of Credit, secured by the
accounts receivable and inventory of the Company's US operation, in the amount
of $1,600,000</font></p>

<p class=MsoNormal style='margin-left:27.0pt;text-align:justify;text-indent:
-.25in'><font size="2">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Real Estate Term Loan, secured by
the real estate of the Company's US operation, in the amount of $539,000; and</font></p>

<p class=MsoNormal style='margin-left:27.0pt;text-align:justify;text-indent:
-.25in'><font size="2">&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Term Loan, secured by the
property, plant, equipment, accounts receivable and inventory of the Company's US
operation, in the amount of $317,000</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">As
reported in our 10-Q filings with the Securities and Exchange Commission for
the quarters ended June 30 and September 30, 2008, the Company's borrowing with
the Bank requires, among other things, compliance with certain financial
covenants, specifically a Consolidated Fixed Charge Ratio and a Consolidated
Funded Debt to EBITDA Ratio, on a quarterly basis.&nbsp; As a result of the
operating losses incurred throughout 2008, the Company was not in compliance
with these ratio covenants under our Credit Agreement with the Bank.</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">On
March 9, 2009, the Bank notified the Company that it now believes that pay off
by April 1, 2009 is not commercially reasonable for the Company given the
current credit market conditions and the amount of time necessary for the
Company to establish a corporate lending relationship with a new financial
institution.&nbsp; Therefore, the Bank has notified the Company that it is
considering an extension to the Credit Agreement on the condition, among other
things, that the Company raise additional equity capital and that one or more members
of the Company's Board of Directors execute personal guaranties of the Credit
Agreement in favor of the Bank.&nbsp; The actual terms and conditions upon which the
Bank may grant an extension is subject to satisfactory due diligence, necessary
credit approval and such other terms and conditions as may be required by the
Bank.</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">There
can be no assurance that the Bank will extend the Credit Agreement on terms
favorable to the Company or at all or that the Company would be able to meet
any of the conditions required by the Bank in order for the Company to obtain
an extension.&nbsp; If the Company is unable to obtain an extension, the Company
does not have sufficient liquidity to pay off the indebtedness owed to the
Bank, and the Bank would be entitled to exercise all of its rights and remedies
as a secured lender under the Credit Agreement.</font></p>



<p class=MsoNormal style='text-align:justify'><font size="2">In
addition, the Company's two subsidiaries, TOR Minerals Malaysia, Sdn. Bhd.
(&quot;TMM&quot;) and TOR Processing and Trade, BV (&quot;TPT&quot;) have short-term credit facilities
and term loans at banks in Malaysia and the Netherlands, respectively.&nbsp; At
December 31, 2008, TMM's utilization under the credit facilities and term loans
with HSBC Bank Malaysia, Bhd. (&quot;HSBC&quot;) and RHB Bank, Bhd. (&quot;RHB&quot;) totaled
$2,205,000 and TPT's utilization under the credit facility and term loans with
Rabobank totaled $3,082,000.&nbsp; The credit facilities with HSBC, RHB and Rabobank
are subject to demand provisions and are subject to certain subjective
acceleration covenants based on the judgment of the banks.&nbsp; While the banks
have made no indication that they will demand payment of the debt in Malaysia
or in the Netherlands, there can be no assurances that this debt will not be
called for payment.</font></p>



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  <p class=MsoNormal style='text-align:justify'><b><font size="2"><br>
  SIGNATURES<br>
&nbsp;</font></b></p>

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  <td width="100%" valign=top style='width:100.0%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">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.<br>
&nbsp;</font></p>

  </td>
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  <p class=MsoNormal align=center style='text-align:center'><font size="2"><br>
	TOR MINERALS INTERNATIONAL, INC.<br>
  <b>_____________________<br>
  </b>(Registrant)</font></p>
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  <td width=233 valign=top style='width:174.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><font size="2">Date: &nbsp;March 10, 2009</font></p>
  </td>
  <td width=444 valign=top style='width:333.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><u>
	<font size="2">/s/ BARBARA RUSSELL</font></u></b></p>
  </td>
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  </td>
  <td width=444 valign=top style='width:333.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">Barbara Russell<br>
  Acting CFO and Controller</font></p>
  </td>
 </tr>
</table>

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{"company-data": {"conformed-name": "TOR MINERALS INTERNATIONAL INC", "cik": "0000842295", "assigned-sic": "2810", "irs-number": "742081929", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17321", "film-number": "09671607"}, "business-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402", "phone": "3618825175"}, "mail-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402"}, "former-company": {"former-conformed-name": "HITOX CORPORATION OF AMERICA", "date-changed": "19920703"}}
Form 8-K, March 5, 2009
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
March
  5, 2009
TOR Minerals International, Inc.
(Exact Name of Registrant as
Specified in Its Charter)
Delaware
(State or Other
Jurisdiction of Incorporation)
0-17321
(Commission
  File Number)
74-2081929
(IRS Employer
  Identification No.)
722 Burleson Street
Corpus Christi, Texas
(Address of
  Principal Executive Offices)
78402
(Zip Code)
(361) 883-5591
(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 (
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
  2.04
Triggering Events
  That Accelerate or Increase a Direct Financial Obligation
or an Obligation Under an Off Balance Sheet Arrangement.
TOR
Minerals International, Inc. (the "Company") received notification from Bank of
America, N.A. (the "Bank") on March 5, 2009 of the Bank's decision to terminate
the existing credit relationship (the "Credit Agreement") with the Company and
require the Company to pay off all outstanding indebtedness within the Bank by
April 1, 2009, in an amount of approximately $2,456,000.  The Credit Agreement
with the Bank consists of the following:
•        
Line of Credit, secured by the
accounts receivable and inventory of the Company's US operation, in the amount
of $1,600,000
•        
Real Estate Term Loan, secured by
the real estate of the Company's US operation, in the amount of $539,000; and
•        
Term Loan, secured by the
property, plant, equipment, accounts receivable and inventory of the Company's US
operation, in the amount of $317,000
As
reported in our 10-Q filings with the Securities and Exchange Commission for
the quarters ended June 30 and September 30, 2008, the Company's borrowing with
the Bank requires, among other things, compliance with certain financial
covenants, specifically a Consolidated Fixed Charge Ratio and a Consolidated
Funded Debt to EBITDA Ratio, on a quarterly basis.  As a result of the
operating losses incurred throughout 2008, the Company was not in compliance
with these ratio covenants under our Credit Agreement with the Bank.
On
March 9, 2009, the Bank notified the Company that it now believes that pay off
by April 1, 2009 is not commercially reasonable for the Company given the
current credit market conditions and the amount of time necessary for the
Company to establish a corporate lending relationship with a new financial
institution.  Therefore, the Bank has notified the Company that it is
considering an extension to the Credit Agreement on the condition, among other
things, that the Company raise additional equity capital and that one or more members
of the Company's Board of Directors execute personal guaranties of the Credit
Agreement in favor of the Bank.  The actual terms and conditions upon which the
Bank may grant an extension is subject to satisfactory due diligence, necessary
credit approval and such other terms and conditions as may be required by the
Bank.
There
can be no assurance that the Bank will extend the Credit Agreement on terms
favorable to the Company or at all or that the Company would be able to meet
any of the conditions required by the Bank in order for the Company to obtain
an extension.  If the Company is unable to obtain an extension, the Company
does not have sufficient liquidity to pay off the indebtedness owed to the
Bank, and the Bank would be entitled to exercise all of its rights and remedies
as a secured lender under the Credit Agreement.
In
addition, the Company's two subsidiaries, TOR Minerals Malaysia, Sdn. Bhd.
("TMM") and TOR Processing and Trade, BV ("TPT") have short-term credit facilities
and term loans at banks in Malaysia and the Netherlands, respectively.  At
December 31, 2008, TMM's utilization under the credit facilities and term loans
with HSBC Bank Malaysia, Bhd. ("HSBC") and RHB Bank, Bhd. ("RHB") totaled
$2,205,000 and TPT's utilization under the credit facility and term loans with
Rabobank totaled $3,082,000.  The credit facilities with HSBC, RHB and Rabobank
are subject to demand provisions and are subject to certain subjective
acceleration covenants based on the judgment of the banks.  While the banks
have made no indication that they will demand payment of the debt in Malaysia
or in the Netherlands, there can be no assurances that this debt will not be
called for payment.
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.
TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)
Date:  March 10, 2009
/s/ BARBARA RUSSELL
Barbara Russell
Acting CFO and Controller