UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 ORor 15(Dd) ~~OF THE~~of

~~SECURITIES~~The ~~EXCHANGE~~Securities ~~ACT~~Exchange OFAct of 1934

Date of Report (Date of ~~Earliest~~earliest ~~Event~~event ~~Reported~~reported): ~~February~~March 2928, 2012

HOKU CORPORATION

HOKU CORPORATION
(Exact name of registrant as specified in its charter)

Delaware	000-51458	99-0351487
(State or other jurisdiction	(Commission File Number)	(IRS Employer Identification No.)
Of incorporation)

1288 Ala Moana Blvd, Suite 220 Honolulu, Hawaii		96814
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (808) 682-7800

Not Applicable
(Former name or former address, if changed since last report.)

~~(Exact~~Check ~~name~~the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of ~~Registrant~~the asregistrant ~~specified~~under inany ~~its~~of ~~charter)~~the following provisions:

Delaware		000-51458		99-0351487
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

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

1288 Ala Moana Blvd., Suite 220, Honolulu, Hawaii		96814
(Address of principal executive offices)		(Zip Code)

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

~~Registrant’s~~o ~~telephone~~Pre-commencement ~~number,~~communications ~~including~~pursuant ~~area~~to ~~code:~~ Rule 14d-2(~~808~~b) ~~682~~ under the Exchange Act (17 CFR 240.14d-~~7800~~2(b))

~~Not~~o ~~Applicable~~Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~(Former~~ Item ~~name~~5.02. Departure ~~and~~of ~~former~~Directors ~~address,~~or ifPrincipal ~~changed~~Officers; ~~since~~Election ~~last~~of ~~report)~~Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

~~Check~~On March 28, 2012, the ~~appropriate~~Board ~~box~~of ~~below~~Directors if(the “Board”) of Hoku Corporation (the ~~Form~~“Company”) ~~8-K~~appointed ~~filing~~Keith isAsato, ~~intended~~currently toCorporate ~~simultaneously~~Controller ~~satisfy~~of the ~~filing~~Company, ~~obligation~~to serve in the capacity of the ~~registrant~~Company’s ~~under~~principal ~~any~~accounting officer, effective as of April 1, 2012. Also on March 28, 2012, the ~~following~~Board ~~provisions~~appointed Dayi (~~see~~Sean) ~~General~~Liu, ~~Instruction~~currently ~~A.2.~~Vice ~~below):~~President of Finance of the Company to serve in the capacity of the Company’s principal financial officer, effective as of April 1, 2012.

□Keith ~~Written~~Asato, ~~communications~~age ~~pursuant~~33, tohas ~~Rule~~served ~~425~~as ~~under~~Corporate Controller of the ~~Securities~~Company ~~Act~~since ~~(17~~August ~~CFR~~2010. ~~230~~From October 2006 to August 2010, Mr.~~425)~~ □Asato ~~Soliciting~~was ~~material~~an ~~pursuant~~Assurance toManager ~~Rule~~with ~~14a-12~~Accuity ~~under~~LLP, ~~the~~an ~~Exchange~~independent ~~Act~~registered ~~(17~~public ~~CFR~~accounting ~~240~~firm.~~14a-12)~~ From □October ~~Pre-commencement~~2001 ~~communications~~to ~~pursuant~~October to2006, ~~Rule~~Mr. ~~14d-2(b)~~Asato ~~under~~was ~~the~~a ~~Exchange~~senior ~~Act~~associate ~~(17~~with ~~CFR~~PricewaterhouseCoopers ~~240~~LLP, an independent registered public accounting firm.~~14d-2(b))~~ □Mr. ~~Pre-commencement~~Asato ~~communications~~has ~~pursuant~~a toB.S. ~~Rule~~in ~~13e-4(c)~~Accounting ~~under~~and ~~the~~Finance ~~Exchange~~from ~~Act~~Georgetown ~~(17~~University ~~CFR~~and ~~240~~is a certified public accountant in the State of Hawaii.~~13e-4(c))~~

~~Item~~Dayi 1(Sean) Liu, age 31, has served as Vice President of Finance of the Company since April 2011, and is responsible for managing the subsidiary’s finances.01 From ~~Entry~~June ~~into~~2010 to April 2011, Mr. Liu was an accounting manager at Tianwei New Energy Holdings Co., Ltd., a ~~Material~~leading ~~Definitive~~enterprise ~~Agreement~~in the power transmission industry and the parent company of the Company. From August 2003 to June 2010, he was an audit manager at Deloitte Touche Tohmatsu CPA Ltd. Beijing Branch, a public accounting firm. From April 2005 to July 2005, he was an assistant accountant at Deloitte Touche Tohmatsu CPA Ltd. Hong Kong Branch. Mr. Liu has a B.S. in Economics and a B.S. in Physics from Peking University, Beijing, People’s Republic of China.

~~Third~~In ~~Amendment~~connection with Mr. Asato’s service as principal accounting officer and Mr. Liu’s service as the Company’s principal financial officer, the Company has entered into a retention bonus agreement with Mr. Asato and Mr. Liu. Mr. Asato and Mr. Liu will each be eligible to ~~First~~receive ~~Amended~~a cash bonus payment in the target amount of twenty percent (20%) of his annual rate of base salary (the “Target Bonus”). The Target Bonus will be earned in accordance with the following schedule: (i) forty percent (40%) of the Target Bonus will be earned by Mr. Asato and ~~Restated~~Mr. ~~Supply~~Liu ~~Agreement~~for service as the Company’s principal accounting officer and principal financial officer, respectively, through the date the Company’s Form 10-K for fiscal year 2012 is filed with ~~Wuxi~~the ~~Suntech~~Securities ~~Power~~and CoExchange Commission (the “SEC”); and (ii) sixty percent (60%) of the Target Bonus shall be earned by Mr. Asato and Mr. Liu, ~~Ltd~~respectively, in three equal installments of twenty percent (20%) of the Target Bonus each for service as the Company’s principal accounting officer and principal financial officer, respectively, through the date the Company’s Form 10-Q is filed for the first, second and third fiscal quarter of fiscal year 2013.

OnItem ~~May 12, 2008, Hoku Materials, Inc~~9.~~, a wholly-owned subsidiary of Hoku Corporation (“Hoku Materials”), and Wuxi Suntech Power Co~~01., Financial ~~Ltd.~~Statements ~~("Suntech") entered into a First Amended~~ and ~~Restated Suntech Supply Agreement (the “Restated Suntech Supply Agreement”), as disclosed by us in a Current Report on Form 8-K filed on May 12, 2008~~Exhibits. On July 6, 2009, Hoku Materials and Suntech entered into an amendment to the Restated Suntech Supply Agreement (“Amendment No. 1”). On June 29, 2010, Hoku Materials and Suntech entered into a second amendment to the Restated Suntech Supply Agreement (“Amendment No. 2”). On February 29, 2012, Hoku Materials and Suntech entered into a third amendment to the Restated Suntech Supply Agreement (“Amendment No. 3”, and the Restated Suntech Supply Agreement as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the “Amended Suntech Supply Agreement”).

~~Pursuant to the Amended Suntech Supply Agreement, Hoku Materials and Suntech agreed to reduce the amount of polysilicon to be delivered to Suntech~~(d) Exhibits. ~~The fixed pricing terms were deleted, and the parties agreed to negotiate pricing on a quarterly basis by reference to the average spot market price index for raw polysilicon.~~

In addition, Amendment No. 3 extended the date by when Hoku Materials must commence shipments until October 31, 2012. The Amended Suntech Supply Agreement will automatically renew for an additional 12 months after the initial term (and each renewed term) with the same terms unless one party terminates or the parties mutually agree to amend the Amended Suntech Supply Agreement. The Amended Suntech Supply Agreement also specifies the timing and volume limitations of each purchase order and delivery. If Hoku Materials notifies Suntech that it cannot deliver the amount specified in the purchase order, Suntech has the right to terminate the Amended Suntech Supply Agreement or increase the quantity of polysilicon for the next monthly delivery. Hoku Materials will have no obligation to ship polysilicon to Suntech prior to October 31, 2012, and Suntech may terminate the Amended Suntech Supply Agreement if Hoku Materials has failed to commence shipments by such date, in which case we would be obligated to refund the $2 million prepayment.

Exhibit No.		Description

10.1		Retention Bonus Agreement with Keith Asato dated March 28, 2012.
10.2		Retention Bonus Agreement with Dayi (Sean) Liu dated March 28, 2012.

The foregoing description of Amendment No. 3 and the Amended Suntech Supply Agreement is only a summary and is qualified in its entirety by the text of the Amendment No. 3, a copy of which will be filed with our Annual Report on Form 10-K for the fiscal year ending March 31, 2012, by the text of the Restated Suntech Supply Agreement, a copy of which was filed as Exhibit 10.72 to our Annual Report on Form 10-K for the fiscal year ended March 31, 2008, by the text of Amendment No. 1, a copy of which was filed as Exhibit 10.105 to our Periodic Report on Form 8-K filed on July 10, 2009, and by the text of Amendment No. 2, a copy of which was filed as Exhibit 10.63 to our Annual Report on Form 10-K for the fiscal year ended March 31, 2010.SIGNATURE

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

	HOKU CORPORATION
Date: March 5, 2012	By:	/s/ Scott Paul
		Name:	Scott Paul
		Title:	Chief Executive Officer

Dated: March 29, 2012

	Hoku Corporation

	By:	/s/ Scott Paul
		Scott Paul
		Chief Executive Officer

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