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): October 5, 2010 THE BEARD COMPANY (Exact name of registrant as specified in its charter)

SECURITIES AND EXCHANGE COMMISSION

Oklahoma	1-12396	73-0970298
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

~~Washington,~~Harvey DParkway 301 N.CW. ~~20549~~63rd Street, Suite 400 Oklahoma City, Oklahoma 73116 (Address of principal executive offices) (405) 842-2333 (Registrant's telephone number, including area code)

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): July 10, 2010 (July 10, 2010)

THE BEARD COMPANY

(Exact name of registrant as specified in its charter)

Oklahoma	001-12396	73-0970298
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Harvey Parkway

301 N.W. 63rd Street, Suite 400

Oklahoma City, Oklahoma 73116

(Address of principal executive offices)

(405) 842-2333

(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:

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

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

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

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

Item 15.0102 ~~Entry~~Departure ~~into~~of aDirectors ~~Material~~or ~~Definitive~~Certain ~~Agreement~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On ~~July~~October 105, 2010, ~~The~~W.M. Beard ~~Company,~~resigned anfrom ~~Oklahoma~~his ~~corporation~~positions ~~(“Beard”)~~as Chairman and ~~its~~Chief ~~wholly~~Executive ~~owned~~Officer ~~subsidiary,~~of The Beard ~~Oil~~ Company, ~~a Delaware corporation~~ (~~“BOC”), Subsurface Minerals Group, LLC (“SMG”) and certain other working interest owners in~~ the ~~Dilworth Field entered into an engagement agreement (the~~ “~~Engagement Agreement~~Company”) ~~with GT Financial, Inc~~., The aCompany ~~Florida~~has ~~corporation~~established ~~(“GTF”),~~an ~~pursuant~~advisory tocommittee ~~which BOC engaged GTF~~ to assist ~~BOC~~the Company in ~~raising~~finding ~~funds~~a tosuccessor ~~develop~~Chief ~~and~~Executive ~~construct~~Officer aof ~~bromine~~the ~~plant~~Company. Mr. toBeard ~~produce~~will ~~elemental~~remain ~~bromine~~on ~~from~~ the ~~Dilworth~~Board ~~Field~~of (Directors of the ~~“Project”)~~Company.

~~The~~On ~~total~~October ~~estimated~~5, ~~funding~~2010, ~~requirement for~~ the ~~Project~~Company isappointed ~~$18,500,000~~Marc A. ~~Pursuant~~ toMessner ~~the~~as ~~terms~~interim ofChief ~~the~~Operating ~~Engagement~~Officer ~~Agreement,~~of ~~GTF will underwrite~~ the ~~Project,~~Company ~~provide~~until ~~financing~~such ~~and~~time ~~capitalization~~as ~~consulting~~Mr. ~~services~~Beard’s tosuccessor ~~BOC~~has ~~regarding~~been ~~the~~appointed. Mr. ~~Project~~Messner, ~~prepare~~age a48, ~~complete~~has ~~development~~served ~~and~~as ~~operational pro forma for~~ the ~~Project,~~Company’s ~~draft~~Vice anPresident ~~initial~~- ~~private~~Corporate ~~placement~~Development ~~memorandum~~since ~~for~~1998. From ~~the~~1993 ~~Project~~to ~~(which~~1998, ~~will~~he beserved ~~reviewed~~as ~~and~~President ~~finalized~~of byHorizontal ~~SMG~~Drilling ~~and~~Technologies, byInc., ~~BOC’s~~a ~~counsel)~~company ~~and~~he ~~attract~~founded ~~debt~~in ~~and/or~~1993 ~~equity~~that ~~participants~~was inacquired ~~the~~by ~~Project (~~the ~~“GTF~~Company ~~Services”)~~in 1996. ~~The~~Mr. ~~Engagement~~Messner ~~Agreement~~was isalso anthe ~~exclusive~~inventor ~~agreement~~of ~~and~~starpay.com, ~~pursuant~~llc’s toproprietary ~~its~~internet ~~terms,~~payment ~~GTF~~technology. He ~~will~~graduated ~~act~~from asKansas ~~the~~University ~~sole~~in or1985 ~~exclusive~~and ~~agent~~holds ~~that~~a ~~will~~B.S. ~~interface~~degree ~~with~~in ~~BOC~~geology. Mr. ~~and~~Messner ~~SMG~~has ~~with~~been ~~respect~~actively toinvolved in the ~~Project~~management ~~for~~of athe ~~period~~Dilworth ofField 12since ~~months~~July 2009.

AsThe ~~compensation~~Company ~~for~~issued ~~providing~~a ~~the~~news ~~GTF~~release ~~Services,~~October ~~GTF shall be paid an engagement fee of $50~~12,~~000,~~ of2010 ~~which~~announcing ~~$25,000~~Mr. isBeard’s ~~payable~~resignation ~~upon~~as ~~execution of~~ the ~~Engagement~~Company’s ~~Agreement~~Chairman and ~~the~~Chief ~~remaining~~Executive ~~$25,000~~Officer isand ~~payable upon funding~~ the ~~Project. Additionally,~~appointment ~~GTF shall receive compensation~~ of ~~$100~~Mr. ~~plus~~Messner aas ~~fee~~interim ~~equal~~Chief toOperating ~~the~~Officer ~~following~~of ~~based on~~ the ~~value~~Company. A copy of the ~~economic~~news ~~contribution~~release byis ~~either~~attached ahereto ~~lender~~as orExhibit ~~investor to the capital structure of the Project:~~99.1.

· For equity, including mezzanine loans, bridge loans, and grants, the fee is 2.00% of the capital received; and

· For debt, the fee is 1.00% of the capital received.

GTF will not be paid any fees with respect to any cash contributions made by the existing Dilworth Field working interest owners.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

The following exhibits are filed with this Form 8-K and are identified by the numbers indicated.

Exhibit No.	Description
99.1	News release dated October 12, 2010

Exhibit No.	Description
10.24	Engagement Agreement dated July 10, 2010 between Beard Oil Company, Subsurface Minerals Group, LLC, the additional Dilworth Field working interest owners that execute the Agreement and GT Financial, Inc.

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.

	THE BEARD COMPANY
July 15, 2010	/s/ Herb Mee, Jr.
	/s/Herb Mee, Jr.
	Herb Mee, Jr., President
October 12, 2010	Herb Mee, Jr., President

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