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<title>Form 8-K, Fourth Quarter and Year End 2008 Financial Results</title>



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



<p class=MsoNormal align=center style='text-align:center'><b><font size="4">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>
  </td>
  <td width=181 valign=top style='width:135.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>March
  30, 2009</b></p>
  </td>
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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>(State or Other
Jurisdiction of Incorporation)</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>

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<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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  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='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 (<i>see </i>General Instruction A.2.
  below):</p>
  </td>
 </tr>
</table>

</div>



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  </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'>Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
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  </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'>Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</p>
  </td>
 </tr>
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  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;line-height:13.0pt'>___</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'>Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
  </td>
 </tr>
 <tr>
  <td width=38 valign=top style='width:28.4pt;padding:0in 5.4pt 0in 5.4pt'>
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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'>Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
  </td>
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<p class=MsoNormal style='text-align:justify'><b>ITEM
2.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>RESULTS OF OPERATIONS AND FINANCIAL CONDITION</u>.</b></p>



<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>TOR Minerals International (Nasdaq: TORM), producer of
high value, specialty mineral products, today announced its financial results
for the fourth quarter and year ended December 31, 2008.&nbsp; The Company reported
a net loss available to common shareholders of $5,022,000, or ($0.64) per
diluted share, for the year ended December 31, 2008 on net sales of $25,304,000
during 2008.&nbsp; This compares with net income available to common shareholders of
$11,000, or $0.00 per share, on net sales of $27,961,000 for the year ended
December 31, 2007.</p>



<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net sales for the fourth quarter ended December 31,
2008, were $4,139,000 compared to $5,969,000 during the fourth quarter ended
December 31, 2007.&nbsp; The net loss available to common shareholders was
$3,680,000, or ($0.47) per diluted share, for the fourth quarter of 2008
compared to a net loss of $230,000, or ($0.03) per diluted share, for the
fourth quarter of 2007.</p>



<p class=MsoNormal style='text-align:justify'>The
consolidated financial statements to be included in the Company's annual report
on Form 10-K for the fiscal year ended December 31, 2008 (the &quot;Form 10-K&quot;) have
been prepared on a going concern basis, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business, as
to which uncertainty exists. As a result of this uncertainty, the Form 10-K
will include an explanatory paragraph in the report of its independent
registered public accounting firm that there is substantial doubt about the
Company's ability to continue as a &quot;going concern.&quot;&nbsp; The Company's 2008
financial statements, including the financial statements in the Form 10-K and
the financial results reported on this press release, do not include any
adjustment that might result from the outcome of this uncertainty.</p>



<p class=MsoNormal style='text-align:justify'>This
uncertainty has resulted from the Company's failure to comply with certain
financial covenants at December 31, 2008 contained in the Company's U.S. Credit
Agreement with Bank of America, N.A. (the &quot;Bank&quot;).&nbsp; At March 30, 2009, the
Company has approximately $2.45 million of borrowings under this Credit
Agreement and its other credit arrangements with the Bank. The Company's
revolving line of credit under the Credit Agreement comes due on April 1, 2009,
and as disclosed in the Company's Current Report on Form 8-K filed on March 5,
2009, the Bank has informed the Company that the Credit Agreement will be
terminated and the Bank will require repayment of all indebtedness.&nbsp; The
Company does not have the cash resources or access to alternative financing to
repay the Bank.&nbsp; While the Bank has notified the Company that it is considering
the Company's request for an extension of the maturity date, no agreement has
been reached with the Bank.&nbsp; Discussions are ensuing and the Company is
exploring other alternatives, but there is no assurance that the Company will
successfully extend or refinance such indebtedness.</p>



<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Dr. Olaf Karasch, CEO of TOR Minerals said, &quot;Many
negative factors including increased freight and energy costs during the
beginning of the year and a sharp drop in 4Q sales resulted in TOR Minerals'
first annual loss in seven years.&nbsp; Nevertheless, we were able to make progress
with several new product introductions and improved the efficiencies of our operations.&nbsp;
We expect these improvements to provide growth and profitability drivers when
the economy emerges from bottom of the economic cycle.&quot;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>



<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&quot;The conditions that led to weak sales levels in the
fourth quarter have continued to negatively affect our revenue performance thus
far in 2009.&nbsp; In response to lower sales levels, we have implemented a 20%
reduction in employee and management salaries and additional cost and
operational efficiency measures.&nbsp; Combined, these actions are expected to
result in over $1 million in annual savings,&quot; continued Dr. Karasch.&nbsp; &quot;Although
somewhat slower than we had anticipated, our new TIOPREM products continue to
gain market acceptance.&nbsp; Combined with some recent success we've had with other
new products, we hope to offset the sales decreases in more mature product
categories.&quot;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>



<p class=style19 style='margin:0in;margin-bottom:.0001pt;text-align:justify'>TOR Minerals will host a conference call at 4:00 p.m.
Central Time on March 30, 2009 to further discuss fourth quarter results. The
call will be simultaneously Webcast, and can be accessed via the News section
on the Company's website at <u>www.torminerals.com</u>.&nbsp;
Interested parties may also access the conference call via telephone by dialing
877-407-8033.</p>



<p class=MsoNormal style='text-align:justify'>Headquartered
in Corpus Christi, Texas, TOR Minerals is a global manufacturer and marketer of
specialty mineral and pigment products for high performance applications with
manufacturing and regional offices located in the United States, Netherlands
and Malaysia.</p>



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<p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>This statement provides forward-looking information as
that term is defined in the Private Securities Litigation Reform Act of 1995,
and, therefore, is subject to certain risks and uncertainties. There can be no
assurance that the actual results, business conditions, business developments,
losses and contingencies and local and foreign factors will not differ
materially from those suggested in the forward-looking statements as a result
of various factors, including market conditions, general economic conditions,
including the present slow down in U.S. construction and the risks of a general
business slow down or recession, the increasing cost of energy, raw materials
and labor, competition, the receptivity of the markets for our anticipated new
products, advances in technology, changes in foreign currency rates, freight
price increase, commodity price increases, delays in delivery of required
equipment and other factors. </p>



<p class=MsoNormal style='text-align:justify'>A
copy of this press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K.</p>





<p class=MsoNormal style='text-align:justify'><b>ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>FINANCIAL STATEMENTS AND EXHIBITS</u></b></p>



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  <td width="7%" valign=top style='width:7.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(a)</p>
  </td>
  <td width="92%" valign=top style='width:92.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Financial
  Statements of Businesses Acquired.<br>
  Not applicable.</p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign=top style='width:7.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(b)</p>
  </td>
  <td width="92%" valign=top style='width:92.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Pro
  Forma Financial Information.<br>
  Not applicable.</p>
  </td>
 </tr>
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  <td width="7%" valign=top style='width:7.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(c)</p>
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  <td width="92%" valign=top style='width:92.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Shell company transaction<br>
  Not applicable</p>
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  <td width="7%" valign=top style='width:7.24%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>(d)</p>
  </td>
  <td width="92%" valign=top style='width:92.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Exhibits.<br>
  The following exhibit is furnished in accordance with the provisions of Item
  601 of Regulation S-K:</p>
  </td>
 </tr>
 <tr>
  <td width="7%" valign=top style='width:7.24%;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width="92%" valign=top style='width:92.76%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Exhibit</p>
  <p class=MsoNormal><u>Number</u>&nbsp; &nbsp;&nbsp; <u>Description</u></p>

  <p class=MsoNormal style='margin-left:35.1pt;text-indent:-35.1pt'>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release, dated March 30, 2009, announcing the
  financial results for the quarter and year ended December 31, 2008.</p>
  </td>
 </tr>
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  <p class=MsoNormal style='text-align:justify'><br>
  <b>SIGNATURES<br>
  </b></p>

  </td>
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  <td width="100%" valign=top style='width:100.0%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>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>
  <br>
  </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'>TOR MINERALS INTERNATIONAL, INC.<br>
  <b>_____________________<br>
  </b>(Registrant)</p>
  </td>
 </tr>
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  <td width=233 valign=top style='width:174.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=444 valign=top style='width:333.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=233 valign=top style='width:174.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=444 valign=top style='width:333.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
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  <td width=233 valign=top style='width:174.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date: &nbsp;March 31, 2009</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>/s/ BARBARA RUSSELL</u></b></p>
  </td>
 </tr>
 <tr>
  <td width=233 valign=top style='width:174.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </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'>Barbara Russell<br>
  Acting CFO and Controller</p>
  </td>
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  <p class=MsoNormal><b><br>
  EXHIBIT INDEX</b><br>
  <br>
  </p>
  </td>
 </tr>
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  <td width="13%" valign=top style='width:13.48%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><b>Exhibit
  No.</b></p>
  </td>
  <td width="86%" valign=top style='width:86.52%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'><b>Description</b></p>
  <p class=MsoNormal style='text-align:justify'><b>&nbsp;</b></p>
  </td>
 </tr>
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  <td width="13%" valign=top style='width:13.48%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>99.1</p>
  </td>
  <td width="86%" valign=top style='width:86.52%;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-align:justify'>Press
  Release, dated March 30, 2009, announcing the financial results for the
  quarter and year ended December 31, 2008.</p>
  </td>
 </tr>
</table>

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Form 8-K, Fourth Quarter and Year End 2008 Financial Results
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
  30, 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))
1
ITEM
2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
.
TOR Minerals International (Nasdaq: TORM), producer of
high value, specialty mineral products, today announced its financial results
for the fourth quarter and year ended December 31, 2008.  The Company reported
a net loss available to common shareholders of $5,022,000, or ($0.64) per
diluted share, for the year ended December 31, 2008 on net sales of $25,304,000
during 2008.  This compares with net income available to common shareholders of
$11,000, or $0.00 per share, on net sales of $27,961,000 for the year ended
December 31, 2007.
Net sales for the fourth quarter ended December 31,
2008, were $4,139,000 compared to $5,969,000 during the fourth quarter ended
December 31, 2007.  The net loss available to common shareholders was
$3,680,000, or ($0.47) per diluted share, for the fourth quarter of 2008
compared to a net loss of $230,000, or ($0.03) per diluted share, for the
fourth quarter of 2007.
The
consolidated financial statements to be included in the Company's annual report
on Form 10-K for the fiscal year ended December 31, 2008 (the "Form 10-K") have
been prepared on a going concern basis, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business, as
to which uncertainty exists. As a result of this uncertainty, the Form 10-K
will include an explanatory paragraph in the report of its independent
registered public accounting firm that there is substantial doubt about the
Company's ability to continue as a "going concern."  The Company's 2008
financial statements, including the financial statements in the Form 10-K and
the financial results reported on this press release, do not include any
adjustment that might result from the outcome of this uncertainty.
This
uncertainty has resulted from the Company's failure to comply with certain
financial covenants at December 31, 2008 contained in the Company's U.S. Credit
Agreement with Bank of America, N.A. (the "Bank").  At March 30, 2009, the
Company has approximately $2.45 million of borrowings under this Credit
Agreement and its other credit arrangements with the Bank. The Company's
revolving line of credit under the Credit Agreement comes due on April 1, 2009,
and as disclosed in the Company's Current Report on Form 8-K filed on March 5,
2009, the Bank has informed the Company that the Credit Agreement will be
terminated and the Bank will require repayment of all indebtedness.  The
Company does not have the cash resources or access to alternative financing to
repay the Bank.  While the Bank has notified the Company that it is considering
the Company's request for an extension of the maturity date, no agreement has
been reached with the Bank.  Discussions are ensuing and the Company is
exploring other alternatives, but there is no assurance that the Company will
successfully extend or refinance such indebtedness.
Dr. Olaf Karasch, CEO of TOR Minerals said, "Many
negative factors including increased freight and energy costs during the
beginning of the year and a sharp drop in 4Q sales resulted in TOR Minerals'
first annual loss in seven years.  Nevertheless, we were able to make progress
with several new product introductions and improved the efficiencies of our operations. 
We expect these improvements to provide growth and profitability drivers when
the economy emerges from bottom of the economic cycle."
"The conditions that led to weak sales levels in the
fourth quarter have continued to negatively affect our revenue performance thus
far in 2009.  In response to lower sales levels, we have implemented a 20%
reduction in employee and management salaries and additional cost and
operational efficiency measures.  Combined, these actions are expected to
result in over $1 million in annual savings," continued Dr. Karasch.  "Although
somewhat slower than we had anticipated, our new TIOPREM products continue to
gain market acceptance.  Combined with some recent success we've had with other
new products, we hope to offset the sales decreases in more mature product
categories."
TOR Minerals will host a conference call at 4:00 p.m.
Central Time on March 30, 2009 to further discuss fourth quarter results. The
call will be simultaneously Webcast, and can be accessed via the News section
on the Company's website at
www.torminerals.com
. 
Interested parties may also access the conference call via telephone by dialing
877-407-8033.
Headquartered
in Corpus Christi, Texas, TOR Minerals is a global manufacturer and marketer of
specialty mineral and pigment products for high performance applications with
manufacturing and regional offices located in the United States, Netherlands
and Malaysia.
2
This statement provides forward-looking information as
that term is defined in the Private Securities Litigation Reform Act of 1995,
and, therefore, is subject to certain risks and uncertainties. There can be no
assurance that the actual results, business conditions, business developments,
losses and contingencies and local and foreign factors will not differ
materially from those suggested in the forward-looking statements as a result
of various factors, including market conditions, general economic conditions,
including the present slow down in U.S. construction and the risks of a general
business slow down or recession, the increasing cost of energy, raw materials
and labor, competition, the receptivity of the markets for our anticipated new
products, advances in technology, changes in foreign currency rates, freight
price increase, commodity price increases, delays in delivery of required
equipment and other factors.
A
copy of this press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial
  Statements of Businesses Acquired.
Not applicable.
(b)
Pro
  Forma Financial Information.
Not applicable.
(c)
Shell company transaction
Not applicable
(d)
Exhibits.
The following exhibit is furnished in accordance with the provisions of Item
  601 of Regulation S-K:
Exhibit
Number
Description
99.1         Press Release, dated March 30, 2009, announcing the
  financial results for the quarter and year ended December 31, 2008.
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 31, 2009
/s/ BARBARA RUSSELL
Barbara Russell
Acting CFO and Controller
EXHIBIT INDEX
Exhibit
  No.
Description
99.1
Press
  Release, dated March 30, 2009, announcing the financial results for the
  quarter and year ended December 31, 2008.
3