SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) March 3, 1997
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HEALTHY PLANET PRODUCTS, INC.
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(Exact Name of Registrant as specified in charter)
Delaware 1-13048 94-2601764
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
1700 Corporate Circle, Petaluma, California 94954
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (707) 778-2280
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
Redemption of Series B Convertible Preferred Stock.
As of March 3, 1997, there were issued and outstanding 833.333 shares of
non-voting Series B Preferred Stock convertible into 3,500 shares of Common
Stock and having an aggregate accumulated dividend of $61,500.00. On March 3,
1997, the Company elected to redeem and retire such shares of Series B Preferred
Stock, and so notified the Series B shareholders. The Series B Preferred Stock
is redeemed and retired at $120.00 per share, plus $73.80 per share of accrued
dividends, for an aggregate of $161,500.00.
SIGNATURE
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.
HEALTHY PLANET PRODUCTS, INC.
By s/Bruce A. Wilson
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Bruce A. Wilson, President,
Chief Executive, Chief Operating and
Chief Financial Officer
Dated: March 31, 1997
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