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) November 26, 2003
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HEALTH & NUTRITION SYSTEMS INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA
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(State or other jurisdiction of incorporation)
000-29245 65-0452156
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(Commission File Number) (IRS Employer Identification No.)
3750 Investment Lane, Suite 5, West Palm Beach, Florida 33407
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code (561) 863-8446
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
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On November 26, 2003, Health & Nutrition Systems International, Inc. ("HNNS")
issued a press release announcing that HNNS entered into a definitive asset
purchase agreement with TeeZee, Inc. to sell substantially all of the assets of
HNNS in exchange for the payment of $411,000 of which $375,000 will be paid in
cash and $36,000 in a promissory note. Under the agreement, TeeZee, Inc. will
assume approximately $2 million of HNNS's liabilities. The press release and
Asset Purchase Agreement are attached hereto as Exhibit 99.1 and 99.2,
respectively, and are incorporated in its entirety by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits:
EXHIBIT
NUMBER DESCRIPTION
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2.1 Asset Purchase Agreement between Health & Nutrition
Systems International, Inc. and TeeZee, Inc. dated
as of November 26, 2003.
99.1 Press Release dated November 26, 2003.
2
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.
HEALTH & NUTRITION SYSTEMS
INTERNATIONAL, INC.
(Registrant)
By: /s/ Chris Tisi
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Chris Tisi
Date: December 4, 2003 Chief Executive Officer and President
3
Exhibit Index
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Exhibit
Number Description
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2.1 Asset Purchase Agreement between Health & Nutrition
Systems International, Inc. and TeeZee, Inc. dated
as of November 26, 2003
99.1 Press Release dated November 26, 2003