UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

(Mark One):

þ		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2008

o		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

SPECTRUM PHARMACEUTICALS, INC. 401(K) PLAN

 

 

TABLE OF CONTENTS

Item 1-3			3
Item 4			3
SIGNATURES			5

REQUIRED INFORMATION

Item 1-3. The Spectrum Pharmaceuticals, Inc. 401(k) Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, attached are the financial statements of the Plan for the fiscal period ended December 31, 2008, which have been prepared in accordance with the financial reporting requirements of ERISA.

Item 4. Pursuant to Section 103(c) of ERISA, and the regulations thereunder, the Plan is not required to file audited financial statements, because the Plan has fewer than 100 participants.

STATEMENT OF INCOME AND EXPENSES
Year Ending December 31, 2008

INCOME
Contribution — Company Matching (co. stock)		$	274,057
Contribution — Participant 401(k)			532,134
Investment Earnings			72,696
Cash Value of Surrendered Insurance			0
Realized Gain From Asset Sale			0
Insurance Premium Refunds			0
Other Income — Rollovers			21,703
Unrealized Depreciation of Assets			(648,963	)
Total Income		$	251,627
EXPENSES
Life Insurance Premiums Paid		$	0
Payments to Participants			122,928
Bank Charges			0
Brokerage Fees			0
Administration Expenses Paid By the Trust			0
Other Miscellaneous Expenses
Total Expenses		$	122,928
Income Over Expenses		$	128,699
Assets At The Beginning Of The Plan Year			1,653,810
Assets At The End Of The Plan Year		$	1,782,509

PLAN ASSETS AND LIABILITIES

		As of				As of
		January 1,				December 31,
		2008				2008
ASSETS
Cash (Interest Bearing)		$	226,798			$	493,871
Contribution Receivable — (Co. Match)			0				0
Contribution Receivable — (401-K)			0				0
Government Securities			0				0
Mutual Funds			1,141,842				883,904
Corporate Stocks & Bonds — (Employer Stock)			218,411				346,980
Real Estate and Mortgages			0				0
Depreciable Buildings/Property			0				0
Participant Loans			66,759				57,754
Other Assets			0				0
Total Assets		$	1,653,810			$	1,782,509
LIABILITIES
Payables			0				0
Acquisition Indebtedness			0				0
Other Liabilities			0				0
Total Liabilities		$	0			$	0
NET ASSETS (Assets Less Liabilities)		$	1,653,810			$	1,782,509

SPECTRUM PHARMACEUTICALS, INC. 401(K) PLAN

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned thereunto duly authorized, in the City of Irvine, State of California, on the 29th day of June 2009.