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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-10-024211.txt : 20100504
<SEC-HEADER>0001181431-10-024211.hdr.sgml : 20100504
<ACCEPTANCE-DATETIME>20100504164658
ACCESSION NUMBER:		0001181431-10-024211
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100504
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100504
DATE AS OF CHANGE:		20100504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUUS TOTAL RETURN, INC.
		CENTRAL INDEX KEY:			0000878932
		IRS NUMBER:				760345915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00098
		FILM NUMBER:		10797792

	BUSINESS ADDRESS:	
		STREET 1:		EIGHT GREENWAY PLAZA
		STREET 2:		SUITE 930
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7135290900

	MAIL ADDRESS:	
		STREET 1:		EIGHT GREENWAY PLAZA
		STREET 2:		SUITE 930
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUUS II INC
		DATE OF NAME CHANGE:	19970422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd274329.htm
<DESCRIPTION>DIRECTOR DEPARTURE
<TEXT>
<HTML>
<HEAD>
<TITLE>U</TITLE>
</HEAD>
<BODY LINK="#0000ff">
<P ALIGN="CENTER"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
<FONT SIZE=4><P ALIGN="CENTER">FORM 8-K</P>
</FONT><P ALIGN="CENTER"></P>
<FONT SIZE=4><P ALIGN="CENTER">CURRENT REPORT</P>
</B></FONT><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P>Date of Report (Date of earliest event reported): April 28, 2010</P>
<B><FONT SIZE=4><P ALIGN="CENTER">Equus Total Return, Inc.</P>
</B></FONT><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>
<B><P ALIGN="CENTER">Delaware</P>
</B><P ALIGN="CENTER">(State or other jurisdiction of incorporation)</P>
<P>&#9;&#9;&#9;   <B>0-19509</B>&#9;&#9;&#9;&#9;       <B>76-0345915</P><DIR>
<DIR>
</B><P>(Commission File Number) &#9;&#9;(I.R.S. Employer Identification No.)</P>
</DIR>
</DIR>
<B><P ALIGN="CENTER">Eight Greenway Plaza, Suite 930, Houston, Texas 77046</P>
</B><P ALIGN="CENTER">(Address of principal executive offices, zip code)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Registrant's telephone number, including area code: <B>(713) 529-0900</P>
</B><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">N/A</P>
</B><P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>
<P>&nbsp;</P>
<P>&#9;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:</P>
<P>[  ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[  ]  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange act (17 CFR 240.14d-2(b))</P>
<P>[  ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange act (17 CFR 240.13e-4(c))</P>
<P>&nbsp;</P>
<P>&nbsp;</P><DIR>
<DIR>
<DIR>
<DIR>
<B><P>Item 5.02&#9;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</P>
</DIR>
</DIR>
</DIR>
</DIR>
</B><P>On April 23, 2010, Alan D. Feinsilver resigned as a member of the Board of Directors of Equus Total Return, Inc. (the &quot;Fund&quot;).  Mr. Feinsilver was also a member of the Fund's Audit Committee and a member of the Committee of Independent Directors.  </P>
<P>On April 28, 2010, Mr. Feinsilver informed the Fund that he resigned from the Board because of certain disagreements with the Fund's operations, policies and practices.  In particular, he expressed the view that the Fund's nomination of its current slated director nominees was not in compliance with the Fund's corporate governance policies and procedures and applicable New York Stock Exchange (&quot;NYSE&quot;) rules.  He believed that that the Fund's Governance and Nominating Committee did not properly nominate director candidates and did not adequately develop and review background information on the candidates.  The Fund, however, believes that each candidate was properly nominated and meets the director qualification requirements provided in the Committee's charter and applicable NYSE rules.</P>
<P>Mr. Feinsilver was provided a copy of this Current Report prior to it being filed.</P>
<B><P>Item 9.01  &#9;Financial Statements and Exhibits</P>
<OL START=4 TYPE="a">
<OL TYPE="a">
</B><I><LI>Exhibits</LI></OL>
</OL>
<DIR>
<DIR>
<DIR>
</I><U><P>Exhibit No.</U>&#9;<U>Description</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
</U><P>17.1&#9;Resignation Letter of Mr. Feinsilver</P>
<P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
<I><P>&#9;</I>&#9;</P></DIR>
</DIR>
</DIR>
<P>&#9;</P>
<P>&#9;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">SIGNATURE</P>
</B>
<P>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.</P>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=623 DIR="LTR">
<TR><TD WIDTH="2%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="42%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="43%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<B><P>EQUUS TOTAL RETURN, INC.</B></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="MIDDLE" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="5%" VALIGN="MIDDLE" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=4>&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=3>
<P>Dated: May 4, 2010</TD>
<TD WIDTH="0%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP" COLSPAN=2>
<P>By:</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<P>/s/ L'Sheryl D. Hudson</P>
</TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="0%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
<TD WIDTH="47%" VALIGN="TOP" COLSPAN=3>
<P>L'Sheryl D. Hudson</P>
<P>Vice President and Chief Financial Officer</TD>
</TR>
</TABLE>
</P>
<P>&nbsp;</P></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-17.1
<SEQUENCE>2
<FILENAME>rrd274329_31998.htm
<DESCRIPTION>RESIGNATION LETTER OF MR. FEINSILVER
<TEXT>
<HTML>
<HEAD>
<TITLE>Alan D</TITLE>
</HEAD>
<BODY>
<B><FONT SIZE=5><P ALIGN="CENTER">Alan D. Feinsilver</P>
</B></FONT><FONT SIZE=3><P ALIGN="CENTER">109 North Post Oak Lane</P>
<P ALIGN="CENTER">Suite 520</P>
<P ALIGN="CENTER">Houston, Texas 77024</P>
<I><P ALIGN="CENTER">Tel (713) 266-1101</P>
<P ALIGN="CENTER">Fax ( 713) 785-5729</P>
</I><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">April 23, 2010</P>
<P>Mr. Richard Bergner&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;Via Email and US Mail</P>
<P>Chairman of the Board</P>
<P>Equus Total Return, Inc.</P>
<P>8 Greenway Plaza, Suite 930</P>
<P>Houston, TX  77046</P>
<P>Dear Mr. Bergner:</P>
<P>This letter shall serve as notice of my resignation from the Board of Directors of Equus Total Return, Inc. effective immediately.</P>
<P>Very truly yours,</P>
<P>&nbsp;</P></FONT>
<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=293 DIR="LTR">
<TR><TD VALIGN="BOTTOM" HEIGHT=65>
<FONT SIZE=3><P>/s/ Alan D. Feinsilver</FONT></TD>
</TR>
<TR><TD VALIGN="TOP">
<FONT SIZE=3><P>Alan D. Feinsilver</P>
<P>Cc:  Mr. Robert Robertson </FONT></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=3>
<P>&nbsp;</P></FONT></BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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