UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. DC 20549

FORM 8-K

CURRENT REPORT ~~PURSUANT~~

PURSUANT TO SECTION 13 OR 15(Dd) ~~OF THE~~

OF THE SECURITIES EXCHANGE ACT OF 1934

~~Date~~DATE OF ofEARLIEST ~~report~~REPORTED ~~(Date~~EVENT of– ~~earliest~~SEPTEMBER ~~event reported November 1~~15, 2010

GLOBAL WATER ASSET CORPORATION

(Exact name ~~Name~~ of Registrant as ~~Specified~~specified in ~~Its~~its ~~Charter~~charter)

Delaware

DELAWARE	000-51075	20-0919460
(State or other jurisdiction of	(Commission	(IRS Employer
incorporation)	File Number)	Identification Number)

~~(State~~1170 Place ordu ~~Other~~Frere-Andre, ~~Jurisdiction~~Second ~~of Incorporation)~~Floor

000-51075	20-0919460
(Commission File Number)	(IRS Employer Identification No.)
1170, Place du Frere-Andre, 2 e etage Montreal, Quebec, H3B 3C6 Canada
(Address of Principal Executive Offices)

Montreal, Quebec, H3B 3C6

Canada

(Address of principal executive offices)

514-518-0614

(Registrant’s ~~Telephone Number~~ telephone number, ~~Including Area Code~~ including area code)

~~P.O. Box 3011~~(Former name or former address, ~~Point Claire, Quebec, Canada H9R 4P3~~ if changed since last report)

~~(Former~~Check ~~Name~~the appropriate orbox ~~Former~~below ~~Address,~~ if ~~Changed~~the ~~Since~~Form ~~Last~~8-K ~~Report)~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~Check~~o ~~the~~Written ~~appropriate~~communications ~~box~~pursuant ~~below if the Form 8-K filing is intended~~ to ~~simultaneously~~Rule ~~satisfy~~425 ~~the filing obligation of the registrant~~ under ~~any of~~ the ~~following~~Securities ~~provisions (see General Instruction A.2. below):~~Act

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

~~Written~~o Pre-commencement communications pursuant to Rule ~~425~~14d-2(b) under the ~~Securities~~Exchange Act ~~(17 CFR 230.425)~~

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

~~Soliciting~~Item 5.02: ~~material~~Departure ~~pursuant~~of toDirectors ~~Rule~~or ~~14a-12~~Principal ~~under~~Officers; ~~the~~Election ~~Exchange~~of ~~Act~~Directors; Appointment ~~(17~~of ~~CFR~~Principal ~~240~~Officers.~~14a-12)~~

¨On September 15, 2010, Mr. Andre Rochette resigned as a member of the Board of Directors, and Chief Financial Officer of Global Water Asset Corporation (the “Company”). Mr. Rochette served on the Company’s Board of Directors since August 12, 2010. Mr. Rochette health was the reason for his resignation from the Company’s Board of Directors and as Chief Financial Officer.

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 5.03 Amendment to Articles of Incorporation or Bylaws; Change of Fiscal Year

Initially, the Registrant’s fiscal year end was December 31st. In October 2006, the Registrant acquired Water Bank of America, Inc. (“Water Bank”) in a reverse merger transaction. As a result of the reverse merger, Water Bank was deemed to be the surviving company for financial statement purposes. The fiscal year end of Water Bank was September 30th. In February 2007, the Registrant filed a Form 8-K announcing that its Board of Directors had changed the fiscal year end of the Registrant to December 31st. However, the Registrant’s Board of Directors subsequently determined that the Registrant’s fiscal year end would not be changed to December 31st, but would remain as September 30th. The Registrant is currently working on its audited financial statements for fiscal year ends September 30, 2007 and September 30, 2008.

SIGNATURES

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 ~~thereunto~~ hereunto duly authorized.

Dated: November 2, 2010	GLOBAL WATER ASSET CORPORATION
		GLOBAL WATER ASSET CORPORATION
	By: /s/Michel Pelletier
Date: February 11, 2011	By:	/s/ Michel Pelletier
	Chief Executive Officer and Director
		Name: Michel Pelletier
		Title: President

f:\aoh\24070501\003.01.docx

Filing Compare · Global Water Asset Corp