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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) August 22, 2000
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FIRST AID DIRECT, INC.
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(Exact name of registrant as specified in its charter)
Florida 0-30629 59-1796257
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(State or other jurisdiction (Commission File (IRS Employer
or incorporation) Number) Identification No.)
10211 NORTHWEST 53RD STREET, SUNRISE, FLORIDA 33351
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (954) 749-9926
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N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On August 22, 2000, the Board of Directors of First Aid Direct, Inc.
(the "Company") and Robert Sussman mutually agreed to terminate Mr. Sussman's
relationship with the Company. Until August 22, 2000, Mr. Sussman had held the
offices of Chief Executive Officer, President, Treasurer and Secretary and had
served as a director of the Company. Mr. Scott Siegel is currently serving as
Interim Chief Executive Officer until a replacement is found.
A severance agreement was entered into between First Aid Direct, Inc.
and Mr. Sussman on August 16, 2000 which provides for the Company's payment of
$50,000 to Mr. Sussman in consideration for the termination of Mr. Sussman's
employment agreement and his relinquishment of all claims against the Company
arising out of his employment or the termination of his employment. The
termination of Mr. Sussman's employment agreement canceled his option to
purchase 150,000 shares of common stock which would have vested over a five-year
period beginning December 20, 2000.
ITEM 7. EXHIBITS.
(c) Exhibits.
17.1 Letter of Resignation, dated August 22, 2000, from
Robert Sussman.
17.2 Severance Agreement, dated August 16, 2000, by and between
First Aid Direct, Inc. and Robert Sussman.
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.
FIRST AID DIRECT, INC.
By: /s/ Scott Siegel
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Scott Siegel, Interim Acting Chief
Executive Officer
DATED: August 29, 2000
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