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 earliest event reported) October 12, 2000 Worksafe Industries Inc. (Exact name of registrant as specified in charter) New York 01-06855 11-1874010 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification Number) 130 West 10th Street, Huntington Station, New York 11746 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (516) 428-1802 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. The registrant is experiencing a delay in finalizing its year-end results due to a significant difference in its ending inventory valuation as compared to its General Ledger balance. This difference is estimated to be between $1.5 and $1.75 million, which will approximate the difference in results from continuing operations for fiscal 2000 as compared to fiscal 1999. As a result of the foregoing, the Registrant will not be filing its Form 10K for its year ended June 30, 2000 for approximately 30 days while it ascertains the status of the foregoing. 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. Dated: October 12, 2000 WORKSAFE INDUSTRIES INC. By: /s/ Arthur Wasserspring ---------------------------- ARTHUR WASSERSPRING Vice-President of Finance, Treasurer and Chief Financial Officer