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<B><P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, DC 20549</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<B><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
</B></FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT Pursuant</P>
<P ALIGN="CENTER">to Section 13 or 15(d) of the</P>
<P ALIGN="CENTER">Securities Exchange Act of 1934</P>
</B><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=540>
<TR><TD WIDTH="59%" VALIGN="TOP">
<P ALIGN="RIGHT">Date of report (Date of earliest event reported):</TD>
<TD WIDTH="41%" VALIGN="TOP">
<B><P>September 29, 2004</B></TD>
</TR>
</TABLE>
</CENTER></P>

<B><P ALIGN="CENTER">TOR Minerals International, Inc.</P>
</B><FONT SIZE=2><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Its Charter)</P>
</FONT><B><P ALIGN="CENTER">Delaware</P>
</B><FONT SIZE=2><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="50%" VALIGN="TOP">
<B><P ALIGN="CENTER">0-17321</B></TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><P ALIGN="CENTER">74-2081929</B></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(Commission File Number)</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(IRS Employer Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<B><P ALIGN="CENTER">722 Burleson Street<BR>
Corpus Christi, Texas</B></TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><P ALIGN="CENTER"><BR>
78402</B></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(Address of Principal Executive Offices)</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(Zip Code)</FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">(361) 883-5591</P>
</B><FONT SIZE=2><P ALIGN="CENTER">(Registrant's Telephone Number, Including Area Code)</P>
</FONT><B><P ALIGN="CENTER">N/A</P>
</B><FONT SIZE=2><P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>
<P 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></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>
<TR><TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">___</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">___</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">___</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">___</FONT></TD>
<TD WIDTH="94%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR>
</TABLE>

<FONT FACE="CG Times" SIZE=2><P ALIGN="JUSTIFY">&nbsp;</P>
</FONT><B><FONT SIZE=2><P ALIGN="JUSTIFY">ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN </P>
<P ALIGN="JUSTIFY">&#9;&#9;OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.</P>
</B><P ALIGN="JUSTIFY">We entered into a lease agreement schedule (the "Schedule") dated September 27, 2004, effective September 29, 2004, with Banc of America Leasing &amp; Capital, LLC ("BALC") for equipment related to the HITOX plant expansion. The amount of the lease, $694,204.69, has a term of 84 months with equal installments of $8,792.35. At the end of the lease term, we can either: 1) return the equipment; 2) extend the lease for a period to be agreed upon by us and BALC for an amount equal to the equipment's fair market rental value as determined by BALC; or 3) purchase the equipment at the then fair market value of the equipment.</P>
<P ALIGN="JUSTIFY">The Schedule contains an early buyout provision that grants us the option of purchasing the equipment after payment of the 72nd installment for $172,301.60.</P>
<P ALIGN="JUSTIFY">The Schedule is part of a master lease agreement entered into with BALC dated August 9, 2004, effective August 13, 2004, for an amount not to exceed $1,200,000. The latest date for any funding shall be December 31, 2004.</P>
<P ALIGN="JUSTIFY">The master lease agreement and corresponding Schedule are filed as Exhibits 10.1 and 10.2</P>
<B><P ALIGN="JUSTIFY">ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</P>
</B><P ALIGN="JUSTIFY">The following exhibits are furnished in accordance with 601 of Regulation S-K:</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>
<TR><TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Exhibit No.</B></FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Description</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">10.1</FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT SIZE=2><P>Master Lease Agreement with BALC, dated August 9, 2004,  effective August 13, 2004</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">10.2</FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT SIZE=2><P>Schedule Number 001 to Master Lease Agreement with BALC, dated September 27, 2004, effective September 29, 2004*</FONT></TD>
</TR>
</TABLE>

<U><FONT SIZE=2><P ALIGN="JUSTIFY">__________________</P>
</U><P ALIGN="JUSTIFY">* Confidential treatment requested.</P>
<B><P ALIGN="JUSTIFY">SIGNATURES</P>
</B><P ALIGN="JUSTIFY">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>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=684>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="53%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">TOR MINERALS INTERNATIONAL, INC.<BR>
</FONT><B><FONT SIZE=2 COLOR="#808080">_____________________<BR>
</B></FONT><FONT SIZE=2>(Registrant)</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="53%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="53%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Date: October 5, 2004</FONT></TD>
<TD WIDTH="53%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="CENTER">RICHARD BOWERS</U></FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="53%" VALIGN="TOP" HEIGHT=13>
<FONT SIZE=2><P ALIGN="CENTER">Richard Bowers<BR>
President and CEO</FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="53%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<FONT SIZE=2><P>Date: October 5, 2004</FONT></TD>
<TD WIDTH="53%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="CENTER">LAWRENCE W. HAAS</U></FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="53%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">Lawrence W. Haas<BR>
Treasurer and CFO</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">&nbsp;</P>
</FONT><B><FONT SIZE=4><P ALIGN="CENTER">EXHIBIT INDEX</P>
</B></FONT><FONT SIZE=2><P ALIGN="JUSTIFY"></P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=637>
<TR><TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Exhibit No.</B></FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Description</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">10.1</FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT SIZE=2><P>Master Lease Agreement with BALC, dated August 9, 2004, effective August 13, 2004</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">10.2</FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT SIZE=2><P>Schedule Number 001 to Master Lease Agreement with BALC, dated September 27, 2004, effective September 29, 2004*</FONT></TD>
</TR>
</TABLE>

<U><FONT SIZE=2><P ALIGN="JUSTIFY">__________________</P>
</U><P ALIGN="JUSTIFY">* Confidential treatment requested.</P>
<P ALIGN="JUSTIFY"></P></FONT></BODY>
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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": "041067003"}, "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"}}
UNITED STATES
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):
September 29, 2004
TOR Minerals International, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-17321
74-2081929
(Commission File Number)
(IRS Employer Identification No.)
722 Burleson Street
Corpus Christi, Texas
78402
(Address of Principal Executive Offices)
(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 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
We entered into a lease agreement schedule (the "Schedule") dated September 27, 2004, effective September 29, 2004, with Banc of America Leasing & Capital, LLC ("BALC") for equipment related to the HITOX plant expansion. The amount of the lease, $694,204.69, has a term of 84 months with equal installments of $8,792.35. At the end of the lease term, we can either: 1) return the equipment; 2) extend the lease for a period to be agreed upon by us and BALC for an amount equal to the equipment's fair market rental value as determined by BALC; or 3) purchase the equipment at the then fair market value of the equipment.
The Schedule contains an early buyout provision that grants us the option of purchasing the equipment after payment of the 72nd installment for $172,301.60.
The Schedule is part of a master lease agreement entered into with BALC dated August 9, 2004, effective August 13, 2004, for an amount not to exceed $1,200,000. The latest date for any funding shall be December 31, 2004.
The master lease agreement and corresponding Schedule are filed as Exhibits 10.1 and 10.2
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibits are furnished in accordance with 601 of Regulation S-K:
Exhibit No.
Description
10.1
Master Lease Agreement with BALC, dated August 9, 2004,  effective August 13, 2004
10.2
Schedule Number 001 to Master Lease Agreement with BALC, dated September 27, 2004, effective September 29, 2004*
__________________
* Confidential treatment requested.
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: October 5, 2004
RICHARD BOWERS
Richard Bowers
President and CEO
Date: October 5, 2004
LAWRENCE W. HAAS
Lawrence W. Haas
Treasurer and CFO
EXHIBIT INDEX
Exhibit No.
Description
10.1
Master Lease Agreement with BALC, dated August 9, 2004, effective August 13, 2004
10.2
Schedule Number 001 to Master Lease Agreement with BALC, dated September 27, 2004, effective September 29, 2004*
__________________
* Confidential treatment requested.