ITEM 8.01 Other Events

IsoRay, Inc. (the "Company"), a smaller reporting company, elected at its fiscal 2011 annual meeting of shareholders to voluntarily hold a non-binding advisory vote on the frequency of future non-binding advisory votes on executive compensation. At this meeting, held on February 24, 2011, the frequency receiving the highest number of votes was every three years, and the Company previously filed a Current Report on Form 8-K under Item 5.07 to disclose that the Board of Directors of the Company had elected to hold future non-binding advisory votes on executive compensation once mandated by law.

Effective as of January 21, 2013, all smaller reporting companies became required to hold non-binding advisory votes on executive compensation at least every three years, and in accordance with the vote held on February 24, 2011 and the Board's previous determination to hold future such votes only once mandated by law, the Company is disclosing that a non-binding advisory vote to approve the compensation of the named executive officers of the Company will be conducted every three years, until the next shareholder non-binding advisory vote on the frequency of the non-binding advisory vote to approve the compensation of the named executive officers of the Company is required under
Section 14A of the Securities Exchange Act of 1934, as amended, or until the Board otherwise determines that a different frequency for holding such non-binding advisory votes on executive compensation is in the best interests of the Company's shareholders.

As a result, the Company's next non-binding advisory vote to approve the compensation of the named executive officers of the Company will occur at the annual meeting of shareholders to be held in 2014.