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: October 18, 2004
XSUNX, INC.
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(Exact name of registrant as specified in its charter)
Colorado 000-29621 84-1384159
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
65 Enterprise, Aliso Viejo, CA 92656
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(New address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949) 330-8060
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))
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
None
Item 1.02 Termination of a Material Definitive Agreement
None
Item 1.03 Bankruptcy or Receivership
None
Section 2 - Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
None
Item 2.02 Results of Operations and Financial Condition
None
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant
None
Item 2.04 Triggering Envents That Accelerate or Increase a Direct Financial
Obligation or an Obligation Under and Off-Balance Sheet Arrangement
None
Item 2.05 Costs Associated with Exit or Disposal Activities
None
Item 2.06 Material Impairments
None
Section 3 - Securities Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
None
Item 3.02 - Unregistered Sales of Equity Securities
None
Item 3.03 Material Modification to Rights of Security Holders
None
Section 4 - Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Account
None
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review
None.
Section 5 - Corporate Governance and Mangement
Item 5.01 Changes in Control of Registrant
None
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
None
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
None
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit
Plans
None
Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provi-
sion of the Code of Ethics.
Section 6 - [Reserved]
Section 7 - Reulation FD
Item 7.01 Regulation FD Disclosure
None
Section 8 - Other Events
Item 8.01 Other Events
Dr. Arun Madan has been appointed as Chairman of XsunX's Scientific
Advisory Board. Dr. Madan has worked with the Company in its initial
phase helping to establish working models and a foundation of research
and development on which XsunX recently launched phase two of its
development efforts to bring breakthrough photovoltaic technologies to
market.
Dr. Arun Madan
Dr. Madan is a Research Professor in the Department of Metallurgical and
Materials Engineering at The Colorado School of Mines, President of
MVSystems Inc. and an adjunct at The University of Waterloo, Canada. He
became one of the originators of Amorphous Silicon technologies in 1970
and fabricated the first TFT (thin film transistor) as part of his Ph.D
thesis. With over 30 years of leading edge scientific accomplishments he
has published well over one hundred scientific papers, published a text
book now in use at several universities and holds fourteen patents on
thin film semiconductor technology as well as advanced vacuum
semiconductor deposition systems. In addition to his recognized
leadership in the fields of thin film semiconductors and solar cells, he
is the founder of two firms, Glasstech Solar Inc. in 1985 and MVSystems,
Inc. in 1989. As founder of these firms he has gained over twenty years
of international business, marketing and management experience
successfully establishing technology sales exceeding $150 million
dollars. Leveraging his extensive scientific, business and leadership
capabilities he has led teams of scientists/engineers in
multi-disciplinary programs providing contract research and development
work for a multitude of domestic and international agencies and firms
including the National Renewable Energy Laboratory (USA), BP-Solar
(USA), Shell (The Netherlands), Kovio (USA), Zettacore (USA), QinetiQ
(UK), ENEA (Italy) and Pacific Solar (Australia) etc.. Dr Madan received
his Ph.D. - Physics from the University of Dundee, Scotland.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
None
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.
Date: November 2, 2004
XSUNX, INC.
By: /s/ Tom Djokovich
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Tom Djokovich, CEO/President