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  <TITLE> Lightbridge, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 31, 2006
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  	Lightbridge, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-21319
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  	04-3065140
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	30 Corporate Drive, Burlington, Massachusetts
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  	01803
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	781-359-4000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><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:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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  (c)  On August 31, 2006, our Board of Directors appointed J. Donald Oldham, age 63, as President of Telecom Decisioning Services.  Mr. Oldham was elected to serve in his position until the first meeting of the Board of Directors held after the Corporation&#x2019;s annual meeting in 2007, or special meeting in lieu thereof, and thereafter until his successor is duly elected and qualified.<br><br>Mr. Oldham was Vice President of OEM Appliance Sales of Network Engines, Inc. from October 2002 to August 2006.  Previously, Mr. Oldham was Vice President of Sales and Program Management at Manufacturers Services, Ltd., a full-service global electronic manufacturing services and supply-chain company, from February 2001 to March 2002. From 1985 to 1998, Mr. Oldham held a number of senior management positions with Stratus Computer, including Senior Vice President of Worldwide Sales from 1994 to 1998.  Mr. Oldham also held a variety of sales management positions at International Business Machines Corporation, from 1969 to 1985.<br><br>The material terms of Mr. Oldham&#x2019;s employment are described and included in Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.<br><br>A copy of the press release issued by us on September 5, 2006 and entitled "Lightbridge Announces Appointment of Donald Oldham as President of Telecom Decisioning Services" is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
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  	SIGNATURES
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  	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.
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  	Lightbridge, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	September 6, 2006
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  	By:
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  <I>
  	Eugene J. DiDonato
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  	&nbsp;
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  <I>
  	Name: Eugene J. DiDonato
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  <I>
  	Title: Vice President and General Counsel
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  Oldham Offer Letter
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  	99.1
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  	&nbsp;
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  Press Release entitled "Lightbridge Announces Appointment of Donald Oldham as President of Telecom Decisioning Services"
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14826.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11336}]
metadata_filer: {"company-data": {"conformed-name": "LIGHTBRIDGE INC", "cik": "0001017172", "assigned-sic": "4812", "irs-number": "043065140", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21319", "film-number": "061077056"}, "business-address": {"street1": "30 CORPORATE DRIVE", "city": "BURLINGTON", "state": "MA", "zip": "01803", "phone": "7813594000"}, "mail-address": {"street1": "30 CORPORATE DRIVE", "city": "BURLINGTON", "state": "MA", "zip": "01803"}}
text: Lightbridge, Inc. (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):
  August 31, 2006
  Lightbridge, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-21319
  04-3065140
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  30 Corporate Drive, Burlington, Massachusetts
  01803
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  781-359-4000
  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 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))
  Top of the Form
  Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
  (c)  On August 31, 2006, our Board of Directors appointed J. Donald Oldham, age 63, as President of Telecom Decisioning Services.  Mr. Oldham was elected to serve in his position until the first meeting of the Board of Directors held after the Corporation's annual meeting in 2007, or special meeting in lieu thereof, and thereafter until his successor is duly elected and qualified.
  Mr. Oldham was Vice President of OEM Appliance Sales of Network Engines, Inc. from October 2002 to August 2006.  Previously, Mr. Oldham was Vice President of Sales and Program Management at Manufacturers Services, Ltd., a full-service global electronic manufacturing services and supply-chain company, from February 2001 to March 2002. From 1985 to 1998, Mr. Oldham held a number of senior management positions with Stratus Computer, including Senior Vice President of Worldwide Sales from 1994 to 1998.  Mr. Oldham also held a variety of sales management positions at International Business Machines Corporation, from 1969 to 1985.
  The material terms of Mr. Oldham's employment are described and included in Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
  A copy of the press release issued by us on September 5, 2006 and entitled "Lightbridge Announces Appointment of Donald Oldham as President of Telecom Decisioning Services" is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
  Top of the Form
  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.
  Lightbridge, Inc.
  September 6, 2006
  By:
  Eugene J. DiDonato
  Name: Eugene J. DiDonato
  Title: Vice President and General Counsel
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Oldham Offer Letter
  99.1
  Press Release entitled "Lightbridge Announces Appointment of Donald Oldham as President of Telecom Decisioning Services"