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) May 18, 2000
GROW BIZ INTERNATIONAL, INC.
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(Exact Name of Issuer as Specified in Charter)
Minnesota 0-22012 41-1622691
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(State or Other Jurisdiction or (Commission File (I.R.S. Employer
Incorporation or Organization) Number) Identification Number)
4200 Dahlberg Drive, Golden Valley, MN 55422-4837
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(Address of Principal Executive Offices)
(612) 520-8500
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(Registrant's Telephone Number, Including Area Code)
ITEM 5. Other Events
On May 18, 2000, Grow Biz International, Inc. announced that it will record
a $2.5 million charge to earnings in the second quarter. This event is further
described in the Press Release dated May 18, 2000, which is incorporated herein
by reference.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated May 18, 2000
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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 thereunto duly authorized.
GROW BIZ INTERNATIONAL, INC.
Date: May 26, 2000 By: /s/ John L. Morgan
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John L. Morgan
Chairman and Chief Executive Officer
Date: May 26, 2000 By: /s/ David J. Osdoba, Jr.
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David J. Osdoba, Jr.
Senior Vice President of Finance and
Chief Financial Officer
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