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) March 24, 2000
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Commission File Number 0-21884
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REXALL SUNDOWN, INC.
(Exact Name of Registrant as Specified in its Charter)
FLORIDA 59-1688986
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
6111 Broken Sound Parkway, NW, Boca Raton, Florida 33487
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (561) 241-9400
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N/A
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(Former Name or Former Address,
if Changed Since Last Report)
<PAGE>
Item 5. Other Events
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Reference is hereby made to that certain Press Release issued by the
Registrant on March 24, 2000 which is filed herewith as Exhibit 99.1.
Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits
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(c) Exhibits
99.1 Press Release dated March 24, 2000.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
REXALL SUNDOWN, INC.
Date: March 29, 2000 /s/ Damon DeSantis
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Name: Damon DeSantis,
Title: President and Chief Executive Officer
Exhibit 99.1
At The Company: At The Financial Relations Board:
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Investors: General Information:
Donna Conners Karen Griffiths
Press: Analyst Information:
Carol Walters Vanessa Schwartz
(561) 241-9400 (212) 661-8030
For Immediate Release
REXALL SUNDOWN AGREES TO SELL MAIL ORDER DIVISION TO NBTY
Boca Raton, FL - March 24, 2000 - Rexall Sundown, Inc. (Nasdaq: RXSD) today
announced the signing of a definitive agreement to sell SDV, the Company's
catalog and mail order division, to NBTY, Inc. for an undisclosed sum. The
transaction, which is subject to regulatory and other approvals, is anticipated
to close in mid-April.
In making the announcement, Damon DeSantis, President and Chief Executive
Officer of Rexall Sundown stated, "The divestiture of this division, which
accounts for less than 2% of our Company's total annual sales, will enable
increased focus on our retail and direct-selling businesses which is directly in
line with our stated strategies."
Rexall Sundown, Inc. develops, manufactures, markets and sells vitamins,
herbals, nutritional supplements and other consumer health products. Visit the
Company's website at www.rexallsundown.com.
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This Press Release may contain "forward-looking statements" as such term is
defined in the Private Securities Litigation Reform Act of 1995 or by the
Securities and Exchange Commission in its rules, regulations and releases, which
represent the Company's interpretation or beliefs. These forward-looking
statements, by their nature, involve substantial risks and uncertainties,
certain of which may be beyond the Company's control and actual results may
differ materially depending on a variety of important factors including
uncertainties related to acquisitions, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation, reliance on
independent distributors of Rexall Showcase International, competition and other
factors described in the Company's filings with the Securities and Exchange
Commission.
