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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): May 15, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>KONA GRILL, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-34082</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-0216690</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
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    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>7150 E. Camelback Road, Suite 220<BR>Scottsdale, Arizona <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>85251</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(480) 922-8100</B>


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</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="justify" style="font-size: 10pt">&nbsp;
<BR>
<B>Item&nbsp;1.02 Termination of a Material Definitive Agreement</B>


<P align="justify" style="font-size: 10pt; text-indent: 3%">Reference is made to the information set forth under Item&nbsp;5.02 of this Current Report on Form 8-K. The disclosure
contained in Item&nbsp;5.02 and the information contained in Exhibit&nbsp;99.1 attached hereto is hereby incorporated by
reference in its entirety into this Item&nbsp;1.02.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers</B>


<P align="justify" style="font-size: 10pt; text-indent: 3%">On May&nbsp;15, 2009, Mr.&nbsp;Marcus Jundt, our Chairman, President and Chief Executive Officer, resigned as an officer and
as a director of our company, effective immediately.


<P align="justify" style="font-size: 10pt; text-indent: 3%">Effective May&nbsp;15, 2009, Mark Bartholomay, the Company&#146;s Chief Operating Officer, began serving as our interim
President and Chief Executive Officer, until a permanent successor to Mr.&nbsp;Jundt has been identified and appointed. Our
Nominating Committee has commenced a search for qualified candidates. Mr.&nbsp;Bartholomay has served as our Chief
Operating Officer since November&nbsp;2008, and prior to that was our Senior Vice President of Development since May&nbsp;2007.
Mr.&nbsp;Bartholomay has over 12&nbsp;years of experience in real estate development, construction, prototype design, operations,
and finance. Mr.&nbsp;Bartholomay served as the Founder and Senior Partner of GBG Consulting, LLC, a private restaurant
consulting firm from July&nbsp;2005 until May&nbsp;2007. From July&nbsp;2000 to June&nbsp;2005, he served as Vice President of Business
Development at Famous Dave&#146;s of America, Inc., a publicly traded owner, operator, and franchisor of restaurants. Prior
to that, Mr.&nbsp;Bartholomay served as Senior Vice President of International Development and Operations at Rainforest
Cafe, Inc., a publicly traded restaurant company. Mr.&nbsp;Bartholomay served as a member of our board of directors between
January&nbsp;2006 and May&nbsp;2007.


<P align="justify" style="font-size: 10pt; text-indent: 3%">Pursuant to our employment agreement with Mr.&nbsp;Bartholomay, his compensation includes an annual base salary of
$261,000. In addition, he is eligible to receive bonuses under our annual incentive bonus plan, to receive stock option
grants under our stock award plans, and to participate in our other insurance and employee benefit plans.


<P align="justify" style="font-size: 10pt; text-indent: 3%">Separately, Mr.&nbsp;Anthony Winczewski, who serves as Chair of our Nominating Committee, has rejoined the Audit
Committee effective May&nbsp;15, 2009. As a result of Mr.&nbsp;Jundt&#146;s resignation and Mr.&nbsp;Winczewski&#146;s appointment to the Audit
Committee, our company has remedied its temporary non-compliance with applicable NASDAQ Marketplace Rules, which
require the Board of Directors to be comprised of a majority of independent directors and our Audit Committee to be
comprised of at least three independent directors.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events.</B>


<P align="justify" style="font-size: 10pt; text-indent: 2%">To provide stockholders sufficient time to assess these developments, the Company approved a 14-day extension of
its pending subscription rights offering to 5:00 p.m., Eastern Daylight Savings Time, on June&nbsp;5, 2009, unless further
extended by the Company. Pursuant to the subscription rights offering, each holder of our common stock received one
non-transferable subscription right for every 2.5 shares of common stock owned by such holder on April&nbsp;17, 2009. Each
subscription right entitles a holder to purchase one share of our common stock for $1.35. The rights offering was
originally scheduled to expire on May&nbsp;22, 2009.


<P align="justify" style="font-size: 10pt; text-indent: 2%">On May&nbsp;15, 2009, we issued a press release announcing, among other things, the resignation of Mr.&nbsp;Jundt and the
appointment of Mr.&nbsp;Bartholomay, and the extension of the expiration date of the subscription rights offering. A copy
of the press release is attached hereto as Exhibit&nbsp;99.1 and is hereby incorporated by reference herein.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="justify" style="font-size: 10pt">(d)&nbsp;<I>Exhibits.</I>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Press Release dated May&nbsp;15, 2009 announcing Mr.&nbsp;Jundt&#146;s resignation and Mr.&nbsp;Bartholomay&#146;s appointment as
interim President and Chief Executive Officer and extension of the expiration date of the subscription rights
offering.</DIV></TD>
</TR>





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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 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.

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;15, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">KONA GRILL, INC.
</TD>

</TR>
<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD align="right" valign="top">By:&nbsp;</TD>
<TD align="left" valign="top">/s/ Mark S. Robinow</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left" valign="top">Mark S. Robinow</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="left" valign="top">Executive Vice President, Chief Financial Officer, and<BR>
Secretary</TD>
</TR>
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<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit<BR>
Number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
Description</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR>
    <TD align="center" valign="top">99.1</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="text-align: justify">Press Release dated May&nbsp;15, 2009 announcing Mr.&nbsp;Jundt&#146;s resignation and Mr.&nbsp;Bartholomay&#146;s appointment as
interim President and Chief Executive Officer and extension of the expiration date of the subscription rights
offering.</DIV></TD>
</TR>

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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




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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): May 15, 2009
KONA GRILL, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-34082
20-0216690
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
7150 E. Camelback Road, Suite 220
Scottsdale, Arizona
85251
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(480) 922-8100
(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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
Reference is made to the information set forth under Item 5.02 of this Current Report on Form 8-K. The disclosure
contained in Item 5.02 and the information contained in Exhibit 99.1 attached hereto is hereby incorporated by
reference in its entirety into this Item 1.02.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On May 15, 2009, Mr. Marcus Jundt, our Chairman, President and Chief Executive Officer, resigned as an officer and
as a director of our company, effective immediately.
Effective May 15, 2009, Mark Bartholomay, the Company's Chief Operating Officer, began serving as our interim
President and Chief Executive Officer, until a permanent successor to Mr. Jundt has been identified and appointed. Our
Nominating Committee has commenced a search for qualified candidates. Mr. Bartholomay has served as our Chief
Operating Officer since November 2008, and prior to that was our Senior Vice President of Development since May 2007.
Mr. Bartholomay has over 12 years of experience in real estate development, construction, prototype design, operations,
and finance. Mr. Bartholomay served as the Founder and Senior Partner of GBG Consulting, LLC, a private restaurant
consulting firm from July 2005 until May 2007. From July 2000 to June 2005, he served as Vice President of Business
Development at Famous Dave's of America, Inc., a publicly traded owner, operator, and franchisor of restaurants. Prior
to that, Mr. Bartholomay served as Senior Vice President of International Development and Operations at Rainforest
Cafe, Inc., a publicly traded restaurant company. Mr. Bartholomay served as a member of our board of directors between
January 2006 and May 2007.
Pursuant to our employment agreement with Mr. Bartholomay, his compensation includes an annual base salary of
$261,000. In addition, he is eligible to receive bonuses under our annual incentive bonus plan, to receive stock option
grants under our stock award plans, and to participate in our other insurance and employee benefit plans.
Separately, Mr. Anthony Winczewski, who serves as Chair of our Nominating Committee, has rejoined the Audit
Committee effective May 15, 2009. As a result of Mr. Jundt's resignation and Mr. Winczewski's appointment to the Audit
Committee, our company has remedied its temporary non-compliance with applicable NASDAQ Marketplace Rules, which
require the Board of Directors to be comprised of a majority of independent directors and our Audit Committee to be
comprised of at least three independent directors.
Item 8.01 Other Events.
To provide stockholders sufficient time to assess these developments, the Company approved a 14-day extension of
its pending subscription rights offering to 5:00 p.m., Eastern Daylight Savings Time, on June 5, 2009, unless further
extended by the Company. Pursuant to the subscription rights offering, each holder of our common stock received one
non-transferable subscription right for every 2.5 shares of common stock owned by such holder on April 17, 2009. Each
subscription right entitles a holder to purchase one share of our common stock for $1.35. The rights offering was
originally scheduled to expire on May 22, 2009.
On May 15, 2009, we issued a press release announcing, among other things, the resignation of Mr. Jundt and the
appointment of Mr. Bartholomay, and the extension of the expiration date of the subscription rights offering. A copy
of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
99.1
Press Release dated May 15, 2009 announcing Mr. Jundt's resignation and Mr. Bartholomay's appointment as
interim President and Chief Executive Officer and extension of the expiration date of the subscription rights
offering.
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.
Date: May 15, 2009
KONA GRILL, INC.
By:
/s/ Mark S. Robinow
Mark S. Robinow
Executive Vice President, Chief Financial Officer, and
Secretary
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press Release dated May 15, 2009 announcing Mr. Jundt's resignation and Mr. Bartholomay's appointment as
interim President and Chief Executive Officer and extension of the expiration date of the subscription rights
offering.