<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="RWARREN">
<META NAME="date" CONTENT="06/05/2012">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<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"><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=144 /><TD /><TD width=144 /></TR>
<TR><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=144><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><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;June 4, 2012</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>ACCELPATH, 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>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=242.667 /><TD width=15.2 /><TD width=242.667 /><TD width=15.2 /><TD width=242.667 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=242.667><P style="margin:0px" align=center><B>Delaware</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=242.667><P style="margin:0px" align=center><B>000-27023</B></P>
</TD><TD style="margin-top:0px" valign=top width=15.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=242.667><P style="margin:0px" align=center><B>45-5151193</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=242.667><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=15.2><P style="margin:0px" align=center><I>&nbsp;&nbsp;</I></P>
</TD><TD style="margin-top:0px" valign=top width=242.667><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=15.2><P style="margin:0px" align=center><I>&nbsp;&nbsp;</I></P>
</TD><TD style="margin-top:0px" valign=top width=242.667><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>
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B><U>352A Christopher Avenue, Gaithersburg, MD 20879</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>352A Christopher Avenue, Gaithersburg, MD 20879</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>&nbsp;(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" align=center><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=165 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=165><P style="margin:0px; font-size:12pt"><B>ITEM 5.02(b)</B></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:12pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; font-size:12pt"><I>Resignation of Director</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Effective as of June 4, 2012, Henry Sargent resigned as director of AccelPath, Inc. Mr. Sargent&#146;s resignation is not the result of any disputes, claims or issues with the Company.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>- 2 -</P>
<P style="margin:0px"><BR></P>
<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; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt">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=29.533 /><TD width=241.2 /><TD width=139.8 /></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=270.733 colspan=2><P style="margin:0px; font-size:12pt"><B>ACCELPATH, INC.</B></P>
</TD><TD style="margin-top:0px" valign=top width=139.8><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=270.733 colspan=2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=139.8><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.533><P style="margin:0px; font-size:12pt">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=241.2><P style="margin:0px; padding-left:24px; font-size:12pt">/s/ Shekhar Wadekar</P>
</TD><TD style="margin-top:0px" valign=top width=139.8><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.533><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=381 colspan=2><P style="margin:0px; padding-left:36px; font-size:12pt">Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Date: &nbsp;June 5, 2012</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>- 3 -</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 8FE41A3C -->
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "tn_8k.htm", "description": "ACCELPATH 8-K FILING", "secsgml_size_bytes": 10236}]
{"company-data": {"conformed-name": "AccelPath, Inc.", "cik": "0001077800", "assigned-sic": "3829", "irs-number": "880357272", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27023", "film-number": "12889240"}, "business-address": {"street1": "352A CHRISTOPHER AVENUE", "city": "GAITHERSBURG", "state": "MD", "zip": "20879", "phone": "301-767-2810"}, "mail-address": {"street1": "352A CHRISTOPHER AVENUE", "city": "GAITHERSBURG", "state": "MD", "zip": "20879"}, "former-company": [{"former-conformed-name": "TECHNEST HOLDINGS INC", "date-changed": "20010808"}, {"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):   June 4, 2012
ACCELPATH, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
000-27023
45-5151193
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
352A Christopher Avenue, Gaithersburg, MD 20879
(Address of principal executive offices) (Zip Code)
352A Christopher Avenue, Gaithersburg, MD 20879
(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 5.02(b)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of Director
Effective as of June 4, 2012, Henry Sargent resigned as director of AccelPath, Inc. Mr. Sargent's resignation is not the result of any disputes, claims or issues with the Company.
- 2 -
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.
ACCELPATH, INC.
By:
/s/ Shekhar Wadekar
Chief Executive Officer
Date:  June 5, 2012
- 3 -