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 (Date of earliest event reported) January 7, 1998
(December 11, 1997)
-------------------
HEALTHY PLANET PRODUCTS, INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as specified in charter)
Delaware 1-13048 94-2601764
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1700 Corporate Circle, Petaluma, California 94954
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (707) 778-2280
------------------------------
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events
On December 11, 1997, the Company completed the acquisition of
substantially all of the assets of Corlett Collectibles, Inc. ("Corlett"), a
company located in San Diego, California which specialized in the sale of
handcrafted sculptures, figurines and collectibles. The purchase price for the
assets acquired consists of (i) $360,000, approximately $60,000 of which was
paid (or set aside) at closing to satisfy certain of Corlett's outstanding
payables and the balance of which will be paid in monthly installments of
$10,000, plus (ii) a percentage of net sales of Corlett products sold by the
Company during the four year period following the date of sale, payable
quarterly.
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
-----------------------------------
Bruce A. Wilson, President,
Chief Executive, Chief Operating and
Chief Financial Officer
Dated: January 7, 1998
