UNITED STATES
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): ~~January~~March 1530, 2010

ARGYLE SECURITY, INC.
(Exact name of registrant as specified in its charter)


Delaware	000-51639	20-3101079
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


12903 Delivery Drive San Antonio, TX		78247
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (210) 495-5245

(Former name or former address if changed since last report.)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 58.0201. ~~Departure~~Other ~~of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.~~Events

On ~~January~~ March 1830, 2010, Argyle Security, Inc. (the “Company”) announced that, ~~effective~~it ~~January 15,~~had voluntarily ~~2010,~~deregistered ~~each~~its ofcommon ~~Mr. Ron Chaimovski~~stock, ~~Executive~~warrants ~~Chairman~~and ofunits ~~the~~consisting ~~Company, Mr. Bob Marbut, Chief~~of ~~Executive~~common ~~Officer~~stock ofand ~~the~~warrants ~~Company,~~and ~~Mr.~~suspended ~~Don~~its ~~Neville,~~reporting ~~Executive~~obligations ~~Vice~~under ~~President,~~the ~~Chief~~federal ~~Financial~~securities ~~Officer~~laws ~~and~~by ~~Principal~~filing ~~Financial~~a ~~Officer~~Form 15 ofwith the ~~Company~~U.S. Securities and ~~Mr. Dean~~Exchange ~~Dresser,~~Commission ~~Vice~~(“SEC”). ~~President,~~The ~~Controller~~Company ~~and~~is ~~Principal~~eligible ~~Accounting~~to deregister ~~Officer~~these ofsecurities ~~the~~because ~~Company,~~it ~~resigned~~has ~~their~~fewer ~~positions~~than as300 ~~officers~~holders of ~~the~~record ~~Company and as officers~~ of each class of ~~the~~these ~~Company’s subsidiaries~~securities. ~~Concurrent~~Upon ~~with~~the ~~their resignations,~~filing ~~each~~ of ~~Messrs.~~the Form ~~Marbut~~15, ~~Chaimovski,~~our ~~Neville~~obligation ~~and Dresser~~to ~~accepted~~file acertain ~~severance~~reports ~~arrangement~~with ~~including~~ the ~~payment~~SEC, ofincluding ~~one~~Forms ~~year~~10-K, ~~base~~10-Q ~~salary to~~and be8-K, ~~paid~~became immediately ~~through December 31~~suspended, ~~2010~~and inderegistration ~~accordance~~of ~~with~~ the ~~Company’s~~ ~~normal~~securities ~~payroll~~is ~~practices.~~expected ~~Messrs. Neville~~to ~~and Dresser have~~be ~~agreed~~effective towithin ~~continue~~90 ~~working~~days ~~for~~after the ~~Company~~filing inof athe ~~consultancy role during a transitional period~~Form 15.

~~Also,~~In connection with ~~Messrs. Marbut~~the ~~and~~Company’s ~~Chaimovski~~decision ~~provided~~to ~~their~~deregister ~~resignation~~its assecurities, ~~Directors~~the ofCompany and its ~~the~~independent ~~Board~~director negotiated a limited standstill agreement through the end of ~~Directors~~2010, (subject to certain exceptions, with the ~~“Board”)~~Company’s oflargest stockholder. In addition, the Company agreed to provide annual and ~~each~~quarterly financial ofstatements through the OTC Disclosure and News Service at least ~~Company’s~~through ~~subsidiaries~~its 2010 annual financial statements.

~~In addition,~~A oncopy ~~January 15,~~of ~~2010,~~ the ~~Board elected Mr. Sam Youngblood,~~press ~~the~~release ~~Company’s~~announcing ~~current President, as Chief Executive Officer filling~~ the ~~vacancy~~ ~~left~~forgoing byis ~~Mr. Marbut’s~~attached ~~resignation.~~hereto ~~The Board decided to eliminate the position of Chief Operating Officer~~ as ~~an executive officer position. Mr.~~Exhibit ~~Youngblood will continue to serve as the Company’s President~~99. Mr1. ~~Robert Davies was elected as Chairman of the Board, filling~~ ~~the vacancy left by Mr. Chaimovski’s resignation.~~

Further, Mr. Richard Watts was elected by the Board to serve as Chief Financial Officer filling the vacancy left by Mr. Neville. Mr. Watts has had no previous relationship with the Company or any of its affiliates. Mr. Watts shall receive an annual base salary of $200,000 and will be eligible for bonuses at the discretion of the Board. In addition to his base salary, Mr. Watts will receive an automobile allowance of $500.00 per month, plus the cost of gasoline associated with commutation to San Antonio, TX from Houston, TX. The Company has not entered into an employment agreement with Mr. Watts and he has been hired as an at-will employee.

Prior to joining Argyle, Mr. Watts served as the Vice President and Corporate Controller of GSE Lining Technology from 2007. Prior to joining GSE, Mr. Watts served as Corporate Controller of XServ, Inc., a specialty maintenance contractor, from 2002 to 2007. Prior to XServ and beginning in 2000, Mr. Watts was employed by Champagne Webber Inc., a highway construction company where he also served as Corporate Controller. Mr. Watts is a licensed CPA in the state of Texas and he earned his Bachelor of Science, Accounting from Nicholls State University in 1991.

A copy of the press release announcing the forgoing is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release dated ~~January~~March 1830, 2010.

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.

ARGYLE SECURITY, INC.

Date: ~~January~~March 2030, 2010

By: /s/ ~~Sam~~Richard ~~Youngblood~~ Watts Name: ~~Sam~~Richard ~~Youngblood~~ Watts Title: ~~President and~~ Chief ~~Executive~~ Financial Officer

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