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): July
31, 2008
BioTime,
Inc.
(Exact
name of registrant as specified in its charter)
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California
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1-12830
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94-3127919
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1301
Harbor Bay Parkway
Alameda,
California 94502
(Address
of principal executive offices)
(510)
521-3390
(Registrant's
telephone number, including area code)
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))
Statements made in this Report that
are not historical facts may constitute forward-looking statements that are
subject to risks and uncertainties that could cause actual results to differ
materially from those discussed. Such risks and uncertainties include
but are not limited to those discussed in this report and in our other reports
filed with the Securities and Exchange Commission. Words such as “expects,”
“may,” “will,” “anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” and similar expressions identify forward-looking
statements.
Section
5 - Corporate Governance and Management
Item
5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On July 31, 2008,
BioTime’s Board of Directors elected Dr. Robert N. Butler as a
director. Dr. Butler is the President and CEO of the U.S.
branch of the International Longevity Center (ILC), a policy research and
education center. He is also a Professor of Geriatrics at Mount
Sinai Medical Center and Co-Chair of the Alliance for Health and the
Future of the International Longevity Center, which focuses on Europe.
He is a physician, gerontologist, psychiatrist, and Pulitzer-Prize winning
author who is perhaps best known for his advocacy of the medical and social
needs and rights of the elderly and his research on healthy aging and the
dementias.
In 1982,
he founded the Department of Geriatrics and Adult Development at the Mount
Sinai Medical Center, the first department of geriatrics in a U.S.
medical school, and served as Chairman and Brookdale Professor until
1995.
In 1976,
Dr. Butler won the Pulitzer Prize in the nonfiction category for Why Survive? Being Old in
America. He is
co-author of Aging and Mental
Health (5th edition, Allyn & Bacon, 1998) and The New Love & Sex After
60 (4th edition, 2002) with Myrna I. Lewis, Ph.D. His new book published
in 2008 is The Longevity
Revolution.
In 1975,
he became the founding director of the National Institute on Aging, where he
remained until 1982. While at the NIA, he identified Alzheimer's disease as a
national research priority. In addition, Dr. Butler helped found the Alzheimer's
Disease Association, the American Association of Geriatric Psychiatry, the
American Federation for Aging Research and the Alliance for Aging
Research.
Dr.
Butler is a member of the Institute of Medicine of the National Academy of
Sciences and of the National Academy of Social Insurance. He was a member of the
Physician Payment Review Commission, an agency of the U.S. Congress, from
1986-89. He is a founding Fellow of the American Geriatrics Society and vice
chairman of the Alliance for Aging Research. He served as Chair, Advisory
Committee, 1995, for the White House Conference on Aging. He was a member of the
Advisory Committee for the Project on Death in America by the Open Society
Institute. He has been a consultant to the U.S. Senate Special Committee on
Aging, the Commonwealth Fund, the Brookdale Foundation, the Donald W. Reynolds
Foundation and numerous other organizations. He has served on the National
Advisory Committees of the Physicians for Human
Rights,
the National Women's Health Resource Center and the Mildred and Claude
Pepper Foundation, among other organizations. He also served as medical
editor-in-chief of Geriatrics, a journal for
primary care physicians, for 14 years and has authored approximately 300
scientific and medical articles.
He has
received honorary degrees from the University of Gothenburg (Sweden) and the
University of Southern California as well as numerous other awards such as the
Lienhard Medal of the Institute of Medicine and the Heinz Award for the Human
Condition. He received a B.A. degree from Columbia College in 1949 and a
M.D. Degree from the College of Physicians and Surgeons of Columbia University
in 1952.
In
consideration of Dr. Butler joining our Board of Directors, we granted him
options to purchase 25,000 common shares under our 2002 Stock Option Plan, as
amended, at an exercise price of $ 0.68, which was the closing price of the
common shares on the OTC Bulletin Board on the date of grant. The
option grant is subject to shareholder approval of an amendment increasing the
number of shares available under the Option Plan. The options granted
are presently exercisable with respect to 15,000 shares, and will vest and
thereby become exercisable for the remaining 10,000 shares in equal monthly
installments on the last day of each calendar month, through December 2008, for
which Dr. Butler completes a month of service on the Board of
Directors.
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.
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BIOTIME,
INC.
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Date: August
6, 2008
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By /s/
Steven A. Seinberg
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Chief
Financial Officer
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