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:  March 29, 2011 (Date of earliest event reported)


CAPSTONE THERAPEUTICS CORP.
(Exact name of registrant as specified in its charter)

Delaware
  
000-21214
  
86-0585310
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(I.R.S. Employer
Identification No.)

 
1275 West Washington Street, Suite 101, Tempe, Arizona   85281
(Address of principal executive offices)   (Zip Code)
 
                                                                                                                                               
Registrant’s telephone number, including area code:
(602) 286-5520
 
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 (see General Instruction A.2. below):
 
 
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ]
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))
 
 
 
 
Section 8 – Other Events
 
Item 8.01          Other Events
 
On March 29, 2011, Capstone Therapeutics Corp. mailed a letter to all stockholders of record as of March 17, 2011, requesting stockholders’ input on whether or not Capstone should propose to stockholders a reverse stock split of the Company’s common stock for the purpose of attempting to satisfy the Nasdaq Capital Market minimum bid price continued listing requirement.  A copy of the letter is furnished as Exhibit 99.1 to this report.
 
The information in this Current Report, including the accompanying exhibit, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section.  The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing.
 
 
Section 9 – Financial Statements and Exhibits
 
Item 9.01          Financial Statements and Exhibits.
 
(d)                      Exhibits
 
Exhibit No.       Description
 
    99.1                Letter to Stockholders

 
 
 
 
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.
 

 
Dated:  March 29, 2011                                                                           CAPSTONE THERAPEUTICS CORP.



/s/ John M. Holliman, III
John M. Holliman, III
Executive Chairman