UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549-1004

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 520, 2012

~~UNICO~~_______UNICO, ~~INCORPORATED~~INCORPORATED_______

(Exact name of registrant as specified in its charter)

Arizona		000-30239		13-4171971
(State or other jurisdiction Of incorporation)		(Commission file number)		(I.R.S. Employer Identification No.)

______Arizona ____ ______000-30239_____ ________13-4171971________

(State or other jurisdiction (Commission file number) (I.R.S. Employer Identification No.)

of incorporation)

P. O. Box 503228, San Diego, CA 92150

(Address of principal executive offices) (zip code)

_______________(~~858~~951) ~~837~~760-~~0428~~6747______________

(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 (see General Instruction A.2. below):

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

oWritten ~~Soliciting~~communications ~~material~~ pursuant to Rule ~~14a-12~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~14a-12~~425)

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

oSoliciting ~~Pre-commencement~~material ~~communications~~ pursuant to Rule ~~13e~~14a-~~4(c)~~12 under the Exchange Act (17 CFR 240.~~13e~~14a-~~4(c~~12))

~~Section~~[ ~~5. Corporate Governance and Management~~]

~~Item~~Pre-commencement ~~5.02 Departure~~communications ofpursuant ~~Directors~~to orRule ~~Certain~~14d-2(b) ~~Officers;~~under ~~Election~~the ofExchange ~~Directors;~~Act ~~Appointment~~(17 ofCFR ~~Certain Officers; Compensatory Arrangements of Certain Officers~~240.14d-2(b))

~~Resignation~~[ ~~of Kenneth C. Wiedrich~~]

~~Effective~~Pre-commencement ~~January~~communications 5,pursuant ~~2012,~~to ~~Kenneth~~Rule C.13e-4(c) ~~Wiedrich~~under ~~resigned as~~ the ~~CFO~~Exchange ofAct ~~Unico,~~(17 ~~Incorporated~~CFR 240.13e-4(c))

~~Appointment of Stephen B. Spencer~~1

~~Effective~~Section ~~January 11, 2012, Stephen B~~1. Spencer was appointed as the CFO of Unico, Incorporated by its directors, in order to fill the vacancy created through the resignation of Kenneth C. Wiedrich. Mr. Spencer will also continue in his present role as a director of the Company. Unico intends to compensate Mr. Spencer for his service as the CFO, and the terms will be finalized in the future.

~~Unico has not engaged in any related party transactions with Mr. Spencer of the nature described in Item 404(a) of Regulation SK since the beginning of Unico~~Registrant’s ~~last~~Business ~~fiscal year,~~ and ~~none are contemplated at the present time, except as may otherwise be described above in this report.~~Operations

~~Mr.~~Item ~~Spencer, age 55, is a Certified Public Accountant~~1. From January 2011 through the present, Mr. Spencer has worked with J&J consulting, an outsourced CFO firm specializing in public companies. From September 2008 to the present Mr. Spencer has served as a consultant for Summit Digital Holdings, Inc. Summit is a consolidator of rural cable television companies. From 2002 to 2007 Mr. Spencer was the CFO for Legends Capital Group, a venture capital company. From 1996 to 2002 Mr. Spencer was an independent financial consultant focused on start-ups and mergers and acquisitions. He has worked extensively, throughout his career assisting public companies with reporting and filing.01

2Entry into a Material Definitive Agreement

~~SIGNATURES~~Proposed Bridge Loan and Proposed Sale of the Deer Trail Mining Company Property

~~Pursuant~~Effective toMarch ~~the~~20, ~~requirements~~2012 ofUnico, ~~the~~Incorporated ~~Securities~~and ~~Exchange~~Deer ~~Act~~Trail Mining Company, LLC, a wholly-owned subsidiary of ~~1934~~Unico, Incorporated, entered into an Asset Purchase Agreement with 79th Street Mines, LLC which provides for: (a) a bridge loan in the ~~registrant~~amount ~~has~~of ~~duly~~$2,323,489 ~~caused~~(the ~~this~~“DTM ~~report~~Bridge Loan”) to be ~~signed~~made onby ~~its~~79th ~~behalf~~Street byMines, LLC to Deer Trail Mining Company, LLC; and (b) the ~~undersigned~~sale ~~hereunto~~of ~~duly~~100% ~~authorized~~of the assets of the Deer Trail Mining Company, LLC (thee DTM Asset Sale”) to 79th Street Mines, LLC.

	UNICO INCORPORATED
Date: January 11, 2012	By:	/s/ Mark A. Lopez
		Mark A. Lopez, Chief Executive Officer

The DTM Bridge Loan is to be funded on or before March 30, 2012, and is to be secured by a first lien on all the assets of Deer Trail Mining Company, LLC. It will have a two (2) year maturity, at which time the balance shall be paid in full. It will have an interest rate at a per annum rate equal to the sum of one-year LIBOR (as of the close of business on the funding date) plus one-half percent (0.5%) per annum or any portion thereof. Interest will accrue during the first year and after the first year it shall be payable in cash on a monthly basis in arrears. 79^th Street Mines, LLC will also receive Unico, Incorporated’s interest in its wholly-owned Silver Bell Mining Company, Inc. subsidiary. The proceeds of the DTM Bridge Loan will be used to primarily pay creditors of Deer Trail Mining Company, LLC and/or Unico, Incorporated.

3Deer Trail Mining Company, LLC has agreed to sell all of its assets to 79th Street Mines, LLC as part of the DTM Asset Sale for the sum of Ten Million Dollars ($10,000,000) which includes a redemption and extinguishment of the DTM Bridge Loan plus an additional $7,676,511 in cash. These assets include the Deer Trail Mine, including all patented and unpatented mining claims, approximately 680 acres of real property located near the Deer Trail Mine, the Deer Trail Mill facilities and all equipment, laboratory equipment and machinery, and all other assets of Deer Trail Mining, LLC. The Asset Purchase Agreement has a closing date set for no later than April 16, 2012 and is subject to certain closing conditions and other terms set forth in the contract.

These are arm’s length transactions, and 79^th Street Mines, LLC has no prior relationship with Unico, Incorporated or Deer Trail Mining Company, LLC. Unico has obtained a fairness opinion from Moody Capital, Inc. that the terms of the transactions are fair to Unico, Incorporated.

Section 8.

Other Events

Item 8.01

Other Events

In a Form 8-K Current Report filed by Unico, Incorporated on September 20, 2011, Unico, Incorporated announced that its wholly-owned subsidiary, Deer Trail Mining Company, LLC had signed a Real Estate Purchase Agreement with Integrity Metals & Mining, LLC

providing for the sale of 100% of the assets of the Deer Trail Mine. That agreement expired October 15, 2011 without the sale being consummated.

Section 9.

Financial Statements and Exhibits

Item 9.01(d)

Exhibits

Exhibit No.

Description

Exhibit 10.1

Asset Purchase Agreement dated effective March 20, 2012

between 79^th Street Mines, LLC as Buyer, Deer Trail Mining

Company, LLC as Seller, and Unico, Incorporated

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.

UNICO INCORPORATED

Date: March 22, 2012

/s/ Mark A. Lopez________________________

Mark A. Lopez, Chief Executive Officer

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