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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-10-042411.txt : 20100810
<SEC-HEADER>0001144204-10-042411.hdr.sgml : 20100810
<ACCEPTANCE-DATETIME>20100810084507
ACCESSION NUMBER:		0001144204-10-042411
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100802
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20100810
DATE AS OF CHANGE:		20100810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Coda Octopus Group, Inc.
		CENTRAL INDEX KEY:			0001334325
		STANDARD INDUSTRIAL CLASSIFICATION:	SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
		IRS NUMBER:				342008348
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52815
		FILM NUMBER:		101003554

	BUSINESS ADDRESS:	
		STREET 1:		164 WEST 25TH STREET,
		STREET 2:		6TH FLOOR,
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212 924 3442

	MAIL ADDRESS:	
		STREET 1:		164 WEST 25TH STREET,
		STREET 2:		6TH FLOOR,
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
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<TYPE>8-K
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    <title>Unassociated Document</title>
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AND EXCHANGE COMMISSION</font></div>
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D.C. 20549</font></div>
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REPORT</font></div>
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to Section 13 or 15(d) of</font></div>
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Securities Exchange Act of 1934</font></div>
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Report (Date of earliest event reported): August 2, 2010</font></div>
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OCTOPUS GROUP, INC.</font></div>
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Small Business Issuer in its Charter)</font></div>
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      Number)</font></div>
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Office Center I</font></div>
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Town Square Place, Jersey City, Suite 1201</font></div>
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Jersey 07310</font></div>
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Including Zip Code of Principal Executive Offices)</font></div>
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924-3442</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Issuer's
telephone number)</font></div>
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York 10001</font></div>
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name or former address, if changed since last report)</font></div>
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to:</font></div>
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Brilleman, Esq.</font></div>
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Street, 11<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
Floor</font></div>
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New York 10005</font></div>
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(212) 709-8210</font></div>
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(212) 943-2300</font></div>
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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):</font></div>
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pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168; </font>Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">&#168; </font>Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="right">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_ENTRY_MATERIAL_AGREEMENT">Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="right">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On August
2, 2010, the Board of Directors of Coda Octopus Group Inc. (the &#8220;Company&#8221;)
elected Charles Runnels and Rolf Kahrs Hansen to fill existing vacancies on the
Company&#8217;s Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Since
2004, Mr. Runnels has been President and Chief Executive Officer of FORT
Properties, Inc., a firm specializing in fractional ownership offerings within
the real estate industry, of which he was one of the founders.&#160;&#160;Prior
thereto, Mr. Runnels spent four years with CB Richard Ellis Investors, where his
team structured and implemented a packaged real estate investment product known
as the "1031FORT."&#160;&#160;Mr. Runnels serves on the 1031 sub-committee for
the Investment Program Association (IPA) and is a member of International
Counsel of Shopping Centers (ICSC). He is a frequent speaker on Section 1031
fractionalized ownership and has most recently participated in the Credit Net
Lease Forum in New York City, the USC Crocker Symposium in Los Angeles, the
Build to Suit Forum of National Association of Industrial &amp; Office
Properties (NAIOP), the CBRE Private Client Group Conference in New Orleans, the
CBRE Institutional Client Forum in New Orleans and the CBRE World Conference in
Las Vegas.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr. Rolf
Kahrs Hansen has been the Chief Scientist at CodaOctopus Omnitech AS, the
Company&#8217;s wholly owned subsidiary and has been with the company since its
acquisition by Coda Octopus in 2002. He is also one of the two (2) inventors of
the Company&#8217;s patented solution which it markets under its trademark Echoscope&#174;
and which covers a method of producing a 3D sonar image that permits real time,
three dimensional visualization of submerged /underwater
environment.&#160;&#160;&#160;&#160;During this time he has also been a
consultant for EuroSleep AS, Norway, an entity that manages several hospital
departments specialised on obstructive sleep apnea diagnosis and treatment, as
well as a consultant for MRA AS, Norway and MRA-Medical Ltd. UK. MRA produce and
sell the ApneaGraph system for diagnosis of sleep apnea.&#160;&#160;Prior
thereto he was a Managing Director and the Chief Engineer at OmniTech, a company
that was acquired by the Company in 2002.&#160;&#160;In that capacity he was
intimately involved in the development of acoustical underwater 3D sonar systems
and the development and production of battery powered data acquisition system.
He also is very involved in the Company&#8217;s patent strategy.&#160;&#160;Dr. Hansen
holds a doctoral degree from the University of Bergen and a M.Sc. from the
University of Trondheim, Norwegian Institute of Technology: Department of
Applied Physics.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company has agreed to pay Mr. Runnels $1,875 per board meeting plus expense
reimbursement.&#160;&#160;He will also be granted options to purchase 50,000
shares of Company common stock at $1.05 per share or such other price as the
Board or Compensation Committee shall deem fit.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
Hansen will be granted 100,000 shares of the Company&#8217;s Common Stock on the first
anniversary of his appointment.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_FINANCIAL_STATEMENTS_AND_EXHIBITS">Item 9.01 Financial Statements and
Exhibits.</a></font></div>
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      Statements.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">None.</font></div>
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      <div>
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            <tr>
              <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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duly authorized.</font></div>
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      Geoffrey Turner</font></div>
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