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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) May 10, 2000
HEALTHRITE, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 000-23016 13-3714405 .
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Ident. No.)
11445 CRONHILL DRIVE, OWING MILLS, MARYLAND 21117 .
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (410)-581-8042
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
The HealthRite Annual Shareholder Meeting was held on May 5, 2000 in
Washington, D.C. The Shareholders (84% voted in favor) elected the following
slate of Directors: Mr. Bradley T. MacDonald, Rev. Donald F. Reilly, O.S.A., Mr.
Michael C. MacDonald, Mr. Scott Zion and Ms. Kristina DeSantis. Richard A.
Eisner, LLP, auditors for HealthRite, Inc. failed to receive a majority of the
Shareholder votes.
The Directors elected Mr. Bradley T. MacDonald as Chairman of the Board,
CEO, Treasurer and Secretary, and Mr. Scott Zion as Assistant Secretary of the
Corporation.
The Board of Directors and major shareholders of HealthRite, Inc. were
concerned about the high cost of the annual audit and the expenses related to a
New York firm auditing a small Baltimore Manufacturing Company with all the
accounting functions in one location with plant, equipment and inventory. The
Board of Directors of HealthRite, Inc. after reviewing proposals, has selected
Wooden & Benson Chartered of Towson, Maryland as the new independent auditors
for HealthRite, Inc. for the year 2000. The Company has also engaged Silver &
Silver, a 40-year old accounting firm located in Owings Mills, Maryland, as the
contract accounting firm to restructure the accounting department and review the
billings of the 1999 audit and give recommendations as to the final settlement.
The restructuring of finance and accounting for HealthRite will reduce cost,
while improving efficiencies, for the year 2000.
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.
HEALTHRITE, INC.
Dated: May 10, 2000
/S/ BRADLEY T. MACDONALD
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Bradley T. MacDonald
Chairman and Chief Executive
Officer
