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): ~~June~~September 18, 2011 (~~May~~September 251, 2011)

Xsovt Brands, Inc.

(Exact name of registrant as specified in Charter)

Nevada	000-53373	~~20-1226081~~	20-1226081
(State of other Jurisdiction of incorporation)	(Commission file no.)	~~(IRS employer identification no.)~~	(IRS employer identification no.)
18-B Neil Court Oceanside, NY		11572
(Address of principal executive offices)		(Zip Code)

18-B Neil Court Oceanside, NY	11572
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (516) 740-2929

n/a

(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 to 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 15.0102. Departure ~~Entry~~of ~~into~~Directors aor ~~Material~~Principal ~~Definitive~~Officers; ~~Agreement.~~Election of Directors; Appointment of Principal Officers

~~Item~~(a) On 2September 1, 2011, Stephen R.03 ~~Creation~~Brown submitted his resignation as Executive Vice President, Chief Financial Officer, Treasurer and Secretary of Xsovt Brands, Inc. (the “Company”), effective immediately. Mr. Brown stated in his resignation letter that his resignation was for personal reasons and not as a ~~Direct~~result ~~Financial~~of ~~Obligation~~any disagreement with the Company on any matter relating to the Company’s operations, policies or anpractices. Mr. ~~Obligation~~Brown's ~~under~~resignation anletter ~~Off-Balance~~is ~~Sheet~~attached ~~Arrangement~~as ofExhibit a17.1 ~~Registrant~~hereto.

~~Item~~The 3Company is currently seeking a new Chief Financial Officer with public company experience and who can assist in the implementation of the Company’s business plan.02 The ~~Unregistered~~search ~~Sales~~is being undertaken by Avi Koschitzki, the Company’s President and Chief Executive Officer, and Arte Nathan, one of ~~Equity~~the ~~Securities~~nation’s leading human resource executives and the Company’s Executive Vice President and Chief People Officer. Such appointment will also be reviewed by Mr. Brown in his new capacity as a director of the Company.

(b) On ~~May~~August 2531, 2011 ~~(the “Issue Date”)~~, ~~Xsovt Brands, Inc. (~~the ~~“Company”)~~Board ~~entered~~of ~~into~~Directors ~~a Securities Purchase Agreement~~ (the “~~Purchase Agreement~~Board”) ~~with~~of ~~an accredited investor (~~the ~~“Investor”),~~Company ~~providing~~appointed ~~for~~Mr. ~~the~~Brown ~~sale~~as bya ~~the~~director ~~Company to the Investor~~ of ~~an 8% Convertible Promissory Note in~~ the ~~principal~~Company. Mr. ~~amount~~Brown’s ofbiographical ~~$63,000~~information ~~(the~~appears ~~“Note”).~~below:

~~The~~Stephen ~~Note~~R. ~~matures~~Brown, CPA, 55, was appointed to our board of directors on ~~February~~September 271, ~~2012~~2011 ~~(the~~and ~~“Maturity~~previously ~~Date”)~~served as our Executive Vice President, Chief Financial Officer, Treasurer and ~~bears~~Secretary ~~interest~~from March 2011 through August 2011. From 1995 to 2009, Mr. Brown served in various capacities at ~~the~~IDT ~~annual~~Corporation ~~rate~~(NYSE:IDT), including 13 years as Chief Financial Officer. He also served on IDT’s Executive Committee and on its Board of 8%Directors from 2000-2006. ~~The~~Mr. ~~Company~~Brown isalso ~~not~~served ~~required~~as tofounder ~~make~~and ~~any~~Chairman ~~payments~~of an IDT affiliate, IDT Entertainment, from 2001 until its sale to Liberty Media in 2006. From 2001 to 2004, Mr. Brown also served as a director of Net2Phone, Inc. From 1985 to 1995, Mr. Brown was in private practice as a certified public accountant. Mr. Brown serves as the ~~Maturity~~Chairman ~~Date~~of the Board of Lander College, is a member of the Board of Trustees of Touro College and a Board Member of Yeshiva College and is a member of the Academy of Television, Arts and Sciences. Mr. Brown holds a B.B.A. in Accounting form Baruch College, a B.A. in Economics from Yeshiva University and is a licensed certified public accountant in the State of New York.

The Investor may convert, at any time following 180 days after the Issue Date, the outstanding principal and accrued interest on the Note into shares of the Company’s common stock (“Common Stock”) at a conversion price per share equal to fifty-seven percent (57%) of the average of the three (3) lowest closing prices of the Common Stock during the 10 trading days immediately preceding the conversion date.

The Note contains prepayment options whereby the Company may prepay all amounts owed under the Note during the period beginning on the Issue Date and ending on the day that is 180 days from the Issue Date at a yield maintenance premium ranging from 150% to 175% of all amounts due under the Note.

The Company will reimburse the Investor for legal expenses in the amount of $3,000, deducted from the proceeds of the Note.

From the Issue Date until twelve months thereafter, the Investor shall have the option of participating in any equity offering of the Company of less than $150,000, including debt with an equity component, but excluding issuance of securities in a firm commitment underwritten public offering, or issuance of securities as consideration for a merger, consolidation or purchase of assets, or in connection with any strategic partnership or joint venture.

The Note was issued under the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the “Act”) for the private placement of these securities pursuant to Section 4(2) of the Act. Additionally, the shares of Common Stock, if any, issued upon conversion of the Note will be issued pursuant to the exemption from registration provided by Section 4(2) of the Act. All certificates for such shares will contain the appropriate legends restricting their transferability absent registration or applicable exemption.

The forgoing descriptions of the Note and the Purchase Agreement are not complete, and are qualified in their entirety by reference to the Note and the Purchase Agreement, which are included in this filing as Exhibits 4.1 and 10.1 respectively, and which herein are incorporated by reference.

Item 9.01. Financial Statements and Exhibits

(d)

Exhibits

Exhibit No.	Description	~~Description~~
4.1		Convertible Promissory Note in the amount of $63,000.00, dated May 25, 2011.
17.1	Letter, dated September 1, 2011, from Stephen R. Brown to the Company.
10.1		Securities Purchase Agreement dated May 25, 2011.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

June 1, 2011	XSOVT BRANDS, INC.
September 8, 2011	XSOVT BRANDS, INC.
	By:	/s/ Avi Koschitzki
		Name: Avi Koschitzki
		Title: President and Chief Executive Officer
		Titl: President and Chief Executive Officere

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