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 14, 2010 SCIENTIFIC INDUSTRIES, INC. ______________________________________________________ (Exact name of registrant as specified in its charter) Delaware 000-6658 04-2217279 _______________ _____________ __________________ (State or other (Commission (IRS Employer No.) jurisdiction of File Number) incorporation) 70 Orville Drive Bohemia, New York 11716 _____________________________________________ (Address of principal executive offices) (631) 567-4700 __________________________________________________ Registrant's telephone number, including area code Not Applicable __________________________________________________ (Former name or former address, if changed since last report) ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT The Registrant on May 14, 2010 entered into new employment agreements with Helena R. Santos, its President, Chief Executive Officer and Treasurer, and Robert P. Nichols, its Executive Vice President. The agreements are substantially the same as their respective agreements dated July 31, 2009 except that they extend the terms of employment to June 30, 2011 and increase the annual rates of the base salaries for the six months ended June 30, 2010 and the fiscal year ending June 30, 2011 to $135,000 from $130,000 for Ms. Santos and to $123,600 from $120,000 for Mr. Nichols. Bonuses may be given at the discretion of the Board of Directors, as to services for the six months ending June 30, 2010 and for the fiscal year ending June 30, 2011. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (a) and (b) not applicable (c) Exhibits Exhibit No. Exhibit ___________ _______ 10A-1 Copy of Employment Agreement between Registrant and Helena R. Santos dated as of May 14, 2010. 10A-2 Copy of Employment Agreement between Registrant and Robert P. Nichols dated as of May 14, 2010. SIGNATURE 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. SCIENTIFIC INDUSTRIES, INC. (Registrant) Date: May 18, 2010 By: /s/ Helena R. Santos ________________________ Helena R. Santos, President and Chief Executive Officer