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<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>___________________________________________</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>PURSUANT TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Date of Report (Date of earliest event reported): &nbsp;&nbsp;December 7, 2011</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>TECHNEST HOLDINGS, INC.</B></P>
<P style="margin:0px" align=center><I>(Exact Name of Registrant as Specified in Charter)</I></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=13.933 /><TD width=223.333 /><TD width=13.933 /><TD width=223.333 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px" align=center><B>Nevada</B></P>
</TD><TD style="margin-top:0px" valign=top width=13.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=223.333><P style="margin:0px" align=center><B>000-27023</B></P>
</TD><TD style="margin-top:0px" valign=top width=13.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=223.333><P style="margin:0px" align=center><B>88-0357272</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px" align=center><I>(State or other jurisdiction</I></P>
<P style="margin:0px" align=center><I>of incorporation)</I></P>
</TD><TD style="margin-top:0px" valign=top width=13.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=223.333><P style="margin:0px" align=center><I>(Commission</I></P>
<P style="margin:0px" align=center><I>File Number)</I></P>
</TD><TD style="margin-top:0px" valign=top width=13.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=223.333><P style="margin:0px" align=center><I>(IRS Employer</I></P>
<P style="margin:0px" align=center><I>Identification Number)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B><U>10411 Motor City Drive, Suite 650, Bethesda, MD 20817</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><I>(Address of principal executive offices) (Zip Code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B><U>10411 Motor City Drive, Suite 650, Bethesda, MD 20817</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><I>(Mailing Address)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>(301) 767-2810</B></P>
<P style="margin:0px" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B><U>N/A</U></B></P>
<P style="margin:0px" align=center><I>(Former Name or Former Address, if Changed Since Last Report)</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">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).</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=90.733 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=90.733><P style="margin:0px"><B>ITEM 1.01</B></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px"><B>Entry into Material Definitive Agreements</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On December 7, 2011, Technest Holdings, Inc. and Technest, Inc. entered into a one-year lease agreement with PS Business Parks, L.P., a California Limited Partnership, to lease 1,957 square feet in Gaithersburg, Maryland beginning on January 1, 2012. The monthly lease payments for this lease total $2,000. Technest will be moving its offices in Bethesda, Maryland to this new facility.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The above description summarizes the material terms of the lease agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. For further information on the lease agreement, please refer to Exhibit 10.1.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=90.733 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=90.733><P style="margin:0px"><B>ITEM 9.01</B></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px"><B>Financial Statements and Exhibits</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=41.867 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=41.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px"><B>(d) Exhibits</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=59.2 /><TD /><TD width=133.6 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px" align=center>Exhibit</P>
<P style="margin:0px" align=center>No.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px" align=center>Description</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px" align=center>Filed with this</P>
<P style="margin:0px" align=center>Current Report on</P>
<P style="margin:0px" align=center>Form 8-K</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px">10.1</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px">Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px" align=center>X</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">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 thereunto duly authorized. </P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=25.8 /><TD width=319.8 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=345.6 colspan=2><P style="margin:0px"><B>TECHNEST HOLDINGS, INC.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=25.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=25.8><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px" valign=top width=319.8><P style="margin:0px"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Shekhar Wadekar</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=25.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.8><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Date: &nbsp;December 13, 2011</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=59.2 /><TD /><TD width=133.6 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px" align=center>Exhibit</P>
<P style="margin:0px" align=center>No.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px" align=center>Description</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px" align=center>Filed with this</P>
<P style="margin:0px" align=center>Current Report on</P>
<P style="margin:0px" align=center>Form 8-K</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=59.2><P style="margin:0px">10.1</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px">Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=133.6><P style="margin:0px" align=center>X</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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{"company-data": {"conformed-name": "TECHNEST HOLDINGS INC", "cik": "0001077800", "assigned-sic": "3829", "irs-number": "880357272", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27023", "film-number": "111258876"}, "business-address": {"street1": "10411 MOTOR CITY DRIVE, #650", "city": "BETHESDA", "state": "MD", "zip": "20817", "phone": "301-767-2810"}, "mail-address": {"street1": "10411 MOTOR CITY DRIVE, #650", "city": "BETHESDA", "state": "MD", "zip": "20817"}, "former-company": {"former-conformed-name": "FINANCIAL INTRANET INC/NY", "date-changed": "19990128"}}
SECURITIES AND EXCHANGE COMMISSION
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):   December 7, 2011
TECHNEST HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada
000-27023
88-0357272
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
10411 Motor City Drive, Suite 650, Bethesda, MD 20817
(Address of principal executive offices) (Zip Code)
10411 Motor City Drive, Suite 650, Bethesda, MD 20817
(Mailing Address)
(301) 767-2810
(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 1.01
Entry into Material Definitive Agreements
On December 7, 2011, Technest Holdings, Inc. and Technest, Inc. entered into a one-year lease agreement with PS Business Parks, L.P., a California Limited Partnership, to lease 1,957 square feet in Gaithersburg, Maryland beginning on January 1, 2012. The monthly lease payments for this lease total $2,000. Technest will be moving its offices in Bethesda, Maryland to this new facility.
The above description summarizes the material terms of the lease agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. For further information on the lease agreement, please refer to Exhibit 10.1.
ITEM 9.01
Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description
Filed with this
Current Report on
Form 8-K
10.1
Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.
X
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 thereunto duly authorized.
TECHNEST HOLDINGS, INC.
By:
/s/ Shekhar Wadekar
Chief Executive Officer
Date:  December 13, 2011
EXHIBIT INDEX
Exhibit
No.
Description
Filed with this
Current Report on
Form 8-K
10.1
Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.
X