~~UNITED~~ UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): ~~August~~ November 262, 2009

BOSS HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

0-23204	~~0-23204~~	58—-1972066
(Commission File Number)	~~(Commission File Number)~~	(IRS Employer Identification No.)

1221 Page Street

Kewanee, Illinois 61443

(Address of Principal Executive Offices)

(800) 447-4581

(Registrant’s Telephone Number)

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:

£	Written communications pursuant to Rule 425 under the Securities Act

£	Soliciting material pursuant to Rule 14a-12 under the Exchange Act

£	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

£	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Item 81.01. ~~Other~~ Entry into ~~Events~~a Material Definitive Agreement

On November ~~August 26~~2, 2009, Galaxy Balloons, Incorporated (“Galaxy”), an indirect subsidiary of Boss Holdings, Inc. ~~issued~~(“BSHI”), apurchased ~~press~~the ~~release~~balloon ~~announcing~~customer ~~its~~list, inventory, ~~plan~~records, tofiles ~~terminate~~and ~~SEC~~certain ~~reporting.~~balloon Amanufacturing ~~copy~~equipment of ~~the~~Ashland Graphic ~~press~~Arts, ~~release~~Inc. isof ~~furnished~~Ashland, asOhio ~~Exhibit~~(“AGA”) ~~99.1~~pursuant to ~~this~~an ~~Current~~Asset ~~Report~~Purchase and Sale Agreement. Ashland manufactures, imprints, personalizes, markets and distributes a line of balloons and other inflatable products for the specialty advertising market.

~~Exhibit~~The ~~99.1~~base purchase ~~shall~~price ~~not~~was be$300,000, ~~deemed~~with to$250,000 bepaid ~~filed~~in ~~for~~cash ~~the~~at ~~purposes~~closing, ofwith ~~Section 18~~ payment of the ~~Securities~~remaining ~~Exchange~~$50,000 ~~Act~~due within ninety days after closing. Galaxy also purchased certain items of ~~1934~~balloon imprinting equipment from Poly-Plate, asInc., an ~~amended~~affiliate of AGA, ~~and~~for ~~will~~a ~~not~~cash bepurchase ~~incorporated~~price byof ~~reference~~$87,500. ~~into~~AGA ~~any~~and ~~registration~~its president, ~~statement~~Stephen ~~filed~~Gardner, ~~under~~are ~~the~~subject ~~Securities~~to ~~Act~~a non-compete agreement for a term of five ~~1933,~~years asfollowing ~~amended,~~closing. ~~unless~~BSHI ~~specifically~~funded ~~identified~~the ~~therein~~purchase asin ~~being~~cash ~~incorporated~~from ~~therein~~its byexisting working ~~reference~~capital.

~~Item~~Management believes 9the AGA line of products, including its trademarked Fur’s A Flyin’ line, will mesh well with Galaxy’s own line of balloons and promotional products.01 The acquired balloon manufacturing equipment will be relocated to Galaxy’s Cleveland, Ohio manufacturing plant and will enhance Galaxy’s balloon imprinting capabilities. ~~Financial~~ ~~Statements~~Galaxy will not assume any of AGA’s employees in the transaction. AGA’s 2008 revenues were approximately $1,345,000 and approximately ~~Exhibits~~$785,000 for the nine month period ending September 30, 2009. Management expects the AGA transaction will be immediately accretive to Galaxy’s net earnings.

(a) Financial statements

None

(b) Pro forma financial information

None

(d) Exhibits

A copy of the press release is included as Exhibit 99.1.

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.

BOSS HOLDINGS, INC.

By: /s/ James F. Sanders

James F. Sanders, Corporate Secretary

Date: ~~August 27~~November 4, 2009

Exhibit Index

Exhibit No. Description

99.1 Press Release of Boss Holdings, Inc. dated August 26, 2009

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