<Page> SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 (Mark one): [X] ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996.) For the fiscal year ended June 30, 2001 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REUQUIRED) For the transition period from______________to_____________. Commission file number___________. A. Full title of the plan and the address of the plan, if different from that of the issuer named below Analysts International Corporation Savings and Investment Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office Analysts International Corporation 3601 West 76th Street Minneapolis, MN 55435 (952) 835-5900 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN <Page> INDEX <Table> <Caption> PAGE ---- ------------------------------------------------------------------------------------------------- INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS - Years ended June 30, 2001 and 2000: Statements of net assets available for plan benefits 2 Statements of changes in net assets available for plan benefits 3 Supplemental information on changes in net assets available for plan benefits by type of fund 4 Notes to financial statements 5-7 SUPPLEMENTAL SCHEDULES FURNISHED PURSUANT TO THE REQUIREMENTS OF FORM 5500: I. Schedule H, PART IV, Line 4i - Schedule of Assets Held for Investment Purposes, as of June 30, 2001 9 II. Schedule H, PART IV, Line 4j - Schedule of Reportable Transactions for the Year Ended June 30, 2001 10 </Table> <Page> INDEPENDENT AUDITORS' REPORT Savings and Investment Plan Committee Analysts International Corporation Minneapolis, Minnesota We have audited the accompanying statements of net assets available for plan benefits of Analysts International Corporation Savings and Investment Plan (the Plan) as of June 30, 2001 and 2000 and the related statements of changes in net assets available for plan benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, such financial statements present fairly, in all material respects, the net assets available for plan benefits as of June 30, 2001 and 2000 and the changes in net assets available for plan benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental information by fund for the years ended June 30, 2001 and 2000, the supplemental schedules of Assets Held for Investment Purposes as of June 30, 2001 and Reportable Transactions for the year ended June 30, 2001 are presented for purposes of additional analysis of the basic financial statements and for complying with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 and are not a required part of the basic financial statements. This supplemental information is the responsibility of the Plan's management. The supplemental information and schedules have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/ Deloitte & Touche --------------------- Minneapolis, Minnesota September 17, 2001 1 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN ---------------------------- STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS <Table> <Caption> June 30 ----------------------------------- 2001 2000 --------------- --------------- ASSET - Investments, stated at market value $92,444,089 $115,774,435 --------------- ---------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS $92,444,089 $115,774,435 =============== ================ </Table> See notes to financial statements. 2 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN ------------------------------ STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS ------------------------------ <Table> <Caption> Year Ended June 30 -------------------------------------- 2001 2000 ----------------- ----------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS, beginning of year $115,774,435 $105,099,341 ADDITIONS: Investment income 9,204,203 8,831,721 Contributions by employer 1,134,650 1,388,852 SequoiaNet.com transfer 6,792,415 Contributions by participants 13,608,087 14,846,850 Net (depreciation) appreciation in market value of investments (40,729,785) 1,647,451 ----------------- ----------------- -9,990,430 26,714,874 DEDUCTIONS: Distributions to employer 268,052 Distributions to participants 13,338,591 15,771,728 Loan Fees 1,325 ----------------- ----------------- NET (DEDUCTIONS) ADDITIONS (23,330,346) 10,675,094 ----------------- ----------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS, end of year $92,444,089 $115,774,435 ================= ================= </Table> See notes to financial statements. 3 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN SUPPLEMENTAL INFORMATION ON CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY TYPE OF FUND YEARS ENDED JUNE 30, 2001 AND 2000 <Table> <Caption> Money U.S. Govt. High Yield Growth & MARKET TRUST TRUST INCOME ------ ----- ----- ------ NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 $5,163,484 $3,879,759 $4,696,193 $22,795,193 ADDITIONS: Investment Income 378,091 244,930 454,950 2,026,012 Contributions by employer Contributions by participants 735,514 433,489 553,419 2,736,563 Loan payments 26,509 28,547 30,445 123,526 Net (depreciation) appreciation in market value of investments (79,866) (436,387) (4,533,582) ----------------------------------------------------------------------------------- 1,140,114 627,100 602,427 352,519 DEDUCTIONS: Distributions to employer Distributions to participants 1,357,669 406,848 508,218 3,043,538 Loan withdrawals 62,435 34,106 21,706 162,216 ----------------------------------------------------------------------------------- 1,420,104 440,954 529,924 3,205,754 INTERFUND TRANSFERS 1,858,345 (336,771) (906,005) (2,980,603) ----------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) 1,578,355 (150,625) (833,502) (5,833,838) ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2000 $6,741,839 $3,729,134 $3,862,691 $16,961,355 ADDITIONS: Investment Income 319,664 252,140 423,137 586,937 Contributions by employer SequioaNet.com transfer 276,455 486,139 2,010,362 Contributions by participants 682,659 441,965 393,563 1,713,940 Loan payments 17,781 18,168 16,155 86,216 Net (depreciation) appreciation in market value of investments 88,181 (645,265) 1,079,099 ----------------------------------------------------------------------------------- 1,296,559 1,286,593 187,590 5,476,554 DEDUCTIONS: Distributions to employer Distributions to participants 1,596,177 681,064 432,701 2,246,262 Loan Fees 112 90 94 295 Loan withdrawals 51,015 38,150 42,550 122,377 ----------------------------------------------------------------------------------- 1,647,304 719,304 475,345 2,368,934 INTERFUND TRANSFERS (983,895) 652,027 (147,487) (584,008) ----------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) (1,334,640) 1,219,316 (435,242) 2,523,612 ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2001 $5,407,199 $4,948,450 $3,427,449 $19,484,967 =================================================================================== <Caption> OTC Voyager Global Emerging International FUND GROWTH GROWTH GROWTH ---- ------ ------ ------ NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 $30,473,758 $5,708,977 $8,190,881 $1,433,080 ADDITIONS: Investment Income 3,407,382 759,172 788,062 95,470 Contributions by employer Contributions by participants 3,776,737 1,441,810 2,289,793 899,963 Loan payments 184,069 58,097 93,791 19,298 Net (depreciation) appreciation in market value of investments 7,614,849 1,236,214 4,762,527 664,335 ---------------------------------------------------------------------------------- 14,983,037 3,495,293 7,934,173 1,679,066 DEDUCTIONS: Distributions to employer Distributions to participants 4,758,299 1,129,114 1,910,058 475,339 Loan withdrawals 169,239 68,039 144,912 17,367 ---------------------------------------------------------------------------------- 4,927,538 1,197,153 2,054,970 492,706 INTERFUND TRANSFERS (1,495,288) 355,009 1,752,663 559,629 ---------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) 8,560,211 2,653,149 7,631,866 1,745,989 ---------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2000 $39,033,969 $8,362,126 $15,822,747 $3,179,069 ADDITIONS: Investment Income 3,244,863 1,037,532 2,216,060 249,170 Contributions by employer SequoiaNet.com transfer 2,524,946 55,603 692,155 481,834 Contributions by participants 2,694,109 1,132,216 1,845,360 815,297 Loan payments 158,191 54,972 116,634 24,250 Net (depreciation) appreciation in market value of investments (14,543,393) (4,200,290) (11,996,905) (1,046,049) ---------------------------------------------------------------------------------- (5,921,284) (1,919,967) (7,126,696) 524,502 DEDUCTIONS: Distributions to employer Distributions to participants 4,002,123 782,757 1,317,560 504,740 Loan Fees 311 58 101 86 Loan withdrawals 239,067 57,243 62,879 28,637 ---------------------------------------------------------------------------------- 4,241,501 840,058 1,380,540 533,463 INTERFUND TRANSFERS 74,530 (442,676) (493,726) (14,785) ---------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) (10,088,255) (3,202,701) (9,000,962) (23,746) ---------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2001 $28,945,714 $5,159,425 $6,821,785 $3,155,323 ================================================================================== <Caption> Vanguard Janus Janus 500 MERCURY G & I PENDING --- ------- ----- ------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 - - - - ADDITIONS: Investment Income 723 637 Contributions by employer Contributions by participants 37,803 97,422 49,174 Loan payments 1,234 2,823 1,668 Net (depreciation) appreciation in market value of investments (1,379) (68,284) (12,967) ------------------------------------------------------------------------------ 38,381 31,961 38,512 DEDUCTIONS: Distributions to employer Distributions to participants 69 28,771 29,757 Loan withdrawals ------------------------------------------------------------------------------ 69 28,771 29,757 INTERFUND TRANSFERS 284,008 1,561,206 895,148 ------------------------------------------------------------------------------ NET ADDITIONS (DEDUCTIONS) 322,320 1,564,396 903,903 - ------------------------------------------------------------------------------ NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2000 $322,320 $1,564,396 $903,903 - ADDITIONS: Investment Income 8,646 264,449 68,240 Contributions by employer SequoiaNet.com transfer 111,334 37,699 Contributions by participants 866,259 1,296,493 799,076 Loan payments 12,549 33,141 20,375 Net (depreciation) appreciation in market value of investments (124,531) (1,146,377) (316,901) ------------------------------------------------------------------------------ 762,923 559,040 608,489 - DEDUCTIONS: Distributions to employer Distributions to participants 148,846 298,048 138,783 Loan Fees 46 44 32 Loan withdrawals 24,379 9,894 9,484 ------------------------------------------------------------------------------ 173,271 307,986 148,299 - INTERFUND TRANSFERS 446,675 826,704 619,366 148 ------------------------------------------------------------------------------ NET ADDITIONS (DEDUCTIONS) 1,036,327 1,077,758 1,079,556 148 ------------------------------------------------------------------------------ NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2001 $1,358,647 $2,642,154 $1,983,459 $148 ============================================================================== <Caption> Loan AiC FUND STOCK ---- ----- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 $1,081,413 $21,676,603 ADDITIONS: Investment Income 71,468 604,824 Contributions by employer 1,388,852 Contributions by participants 1,795,163 Loan payments (673,096) 103,089 Net (depreciation) appreciation in market value of investments (7,498,009) -------------------------------------------- (601,628) (3,606,081) DEDUCTIONS: Distributions to employer 268,052 Distributions to participants 241,453 1,882,595 Loan withdrawals (785,850) 105,830 -------------------------------------------- (544,397) 2,256,477 INTERFUND TRANSFERS (1,547,341) -------------------------------------------- NET ADDITIONS (DEDUCTIONS) (57,231) (7,409,899) -------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2000 $1,024,182 $14,266,704 ADDITIONS: Investment Income 66,313 467,052 Contributions by employer 1,134,650 SequoiaNet.com transfer 115,888 Contributions by participants 927,150 Loan payments (610,761) 52,329 Net (depreciation) appreciation in market value of investments (7,877,354) -------------------------------------------- (428,560) (5,296,173) DEDUCTIONS: Distributions to employer Distributions to participants 233,293 956,237 Loan Fees 56 Loan withdrawals (721,122) 35,447 -------------------------------------------- (487,829) 991,740 INTERFUND TRANSFERS 47,127 -------------------------------------------- NET ADDITIONS (DEDUCTIONS) 59,269 (6,240,786) -------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 2001 $1,083,451 $8,025,918 ============================================ </Table> 4 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2001 AND 2000 A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: ---------------------------------------------- Investments are stated at market value using quoted market values. Promissory notes from participants are stated at the outstanding principal balance. The financial statements have been prepared on the accrual basis of accounting. All security transactions are recorded on their trade date. Participants have control over the allocation of their account balances among each of the eleven non-AIC Common Stock Funds. However, because Analysts International Corporation (AIC) designates the investment option for the employer matching contributions in the AIC Common Stock Fund, participants do not have complete control of their assets invested in this fund. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates. The Plan invests in various securities including U.S. Government securities, corporate debt instruments, and corporate stocks. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for plan benefits. B. THE PLAN: ------------ The Plan was established on January 1, 1985 under Section 401(k) of the Internal Revenue Code for the purpose of providing retirement and other benefits to eligible participants. An employee of AIC becomes eligible to participate in the Plan upon commencement of active service. The Plan is funded primarily by employee contributions. Eligible employees may contribute up to 15% of their gross annual wages for pre-tax saving contributions. Highly-compensated employee's contributions are limited based on discriminiation testing performed. In addition, the Plan allows rollover contributions from certain qualified retirement plans. Plan participants may choose to have their share of the Plan funds invested in one or more of eleven investment funds offered by the Putnam, Vanguard and Janus Companies and/or the AiC Common Stock Fund. The eleven funds include the Putnam Money Market Fund, the Putnam U.S. Government Income Trust, the Putnam High Yield Trust, the Putnam Fund for Growth and Income, the Putnam Voyager Fund, the Putnam Global Growth Fund, the Putnam OTC Emerging Growth Fund, the Putnam International Growth Fund, the Vanguard 500 Index Fund, the Janus Mercury Fund and the Janus Growth and Income Fund. A participant's contribution account (consisting of employee contributions and investment income) is fully vested. 5 <Page> Participant loans are made in compliance with federal regulations in effect at the time of the loan. Effective January 1, 2001, the Plan was amended requiring the loan origination fee to be paid directly to the Trustee. This loan origination fee is withdrawn directly from the participant's account at the date of the loan issue. Participant loans outstanding, included in investments, amounted to $1,083,451 at June 30, 2001 and $1,024,182 at June 30, 2000. The Plan provides for employer matching contributions where the employer matches 18% of the employee's pre-tax saving contributions, provided the employee has been employed by the employer for one year or more and is not a highly compensated employee as defined by federal tax laws. The employer matching contributions are invested in the AIC Common Stock Fund. Prior to January 1, 2001, a participant's interest in the employer matching contribution vested at the rate of 20% per year after three years of service with 100% vesting after seven years. Effective January 1, 2001 the Plan was amended changing the vesting schedule to a vesting rate of 20% per year after one year of service with 100% vesting after five years. Any nonvested portion of employer matching contributions to the accounts of participants who withdraw from the Plan are forfeited in compliance with federal regulations and used by the employer to reduce future matching contributions. During March 2001, the participants in the SequoiaNet.com retirement plan were added to the Analysts International Savings and Investment Plan. This addition occurred after the 100% acquisition of SequoiaNet.com by Analysts International in December 2000. The SequoiaNet.com plan transferred $6,792,415 in net assets to the Plan. Although the Company has not expressed an intent to discontinue the Plan, it may do so at any time, subject to provisions set forth in the Employee Retirement Income Security Act of 1974. If the Plan is terminated, no further contributions will be made. The trustee will continue to hold the funds and make distributions as if the Plan had not terminated. C. TRUSTEE AND ADMINISTRATION OF THE PLAN: ------------------------------------------ Putnam Fiduciary Trust Company has been designated as trustee. Investments of the Plan are held by Putnam Investor Services, Inc. on behalf of the trustee. The Company has established a Savings and Investment Plan Committee for the general administration of the Plan. The Company pays the trustee fees on behalf of the Plan. D. INTERNAL REVENUE SERVICE STATUS: ----------------------------------- The IRS has issued determinations that the Plan, as originally adopted January 1, 1985, and as amended through January 17, 1994, is a qualified plan for tax purposes under Sections 401(a) and 401(k) of the Internal Revenue Code, and that the trust established in connection therewith is exempt from income tax under Section 501(a) of the Code. The Company believes the Plan as presently constituted and operated continues to meet the requirements of Sections 401(a) and 401(k) of the Code and that the related trust is exempt from income tax under Section 501(a) of the Code. 6 <Page> E. INVESTMENTS: --------------- <Table> <Caption> Year Ended June 30 -------------------------------- Investments at market value: 2001 2000 -------------- -------------- Putnam Money Market Fund $5,407,199 $6,741,839 Putnam U.S. Government Income Trust 4,948,450 3,729,134 Putnam High Yield Trust 3,427,449 3,862,691 Putnam Fund for Growth and Income 19,484,967 16,961,355 Putnam Voyager Fund 28,945,714 39,033,969 Putnam Global Growth Fund 5,159,425 8,362,126 Putnam OTC Emerging Growth Fund 6,821,785 15,822,747 Putnam International Growth Fund 3,155,323 3,179,069 Vanguard 500 Index Fund 1,358,647 322,320 Janus Mercury Fund 2,642,154 1,564,396 Janus Growth & Income Fund 1,983,459 903,903 Pending Account 148 AIC Common Stock Fund 8,025,918 14,266,704 -------------- -------------- 91,360,638 114,750,253 Promissory notes from participants 1,083,451 1,024,182 -------------- -------------- $92,444,089 $115,774,435 ============== ============== </Table> F. BENEFITS PAYABLE: -------------------- As of June 30, 2001 and 2000, net assets available for plan benefits included benefits of $1,933,128 and $1,571,569 respectively, due to participants who have withdrawn from participation in the plan. These amounts will be reported on Schedule H, Line 1g, of the plan's annual report on Form 5500 when filed. 7 <Page> SUPPLEMENTAL SCHEDULES FURNISHED PURSUANT TO THE REQUIREMENTS OF FORM 5500 ----------------------------- <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN ---------------------------- SCHEDULE H ---------- PART IV ------- LINE 4i ------- SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AS OF JUNE 30, 2001 ------------------------------------------------------------------- <Table> <Caption> Number of Fair Shares Cost Value ------------- -------------- ------------ MUTUAL FUNDS: Putnam Money Market Fund * 5,407,199 $5,407,199 $5,407,199 Putnam U.S. Government Income Trust * 388,418 5,223,033 4,948,450 Putnam High Yield Trust * 423,142 5,411,869 3,427,449 Putnam Fund for Growth and Income * 1,017,492 16,170,610 19,484,967 Putnam Voyager Fund * 1,440,085 21,170,362 28,945,714 Putnam Global Growth Fund * 599,236 6,828,920 5,159,425 Putnam OTC Emerging Growth Fund * 716,574 11,850,568 6,821,785 Putnam International Growth Fund * 148,556 3,320,193 3,155,323 Vanguard 500 Index Fund * 12,021 1,484,557 1,358,647 Janus Mercury Fund * 107,536 3,856,815 2,642,154 Janus Growth & Income Fund * 60,731 2,313,327 1,983,459 Pending Account 148 148 AIC COMMON STOCK FUND * 1,799,533 16,838,720 8,025,918 PROMISSORY NOTES FROM PARTICIPANTS 1,083,451 1,083,451 --------- --------- Interest rates ranging from 7.50% to 9.00% with maturity dates through February, 2006 $100,959,772 $92,444,089 ============ =========== </Table> * Known to be a party-in-interest. 9 <Page> ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN ------------------------------- SCHEDULE H PART IV LINE 4j SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED JUNE 30, 2001 --------------------------------- <Table> <Caption> Current Value Identity of Description of Purchase Selling Cost of of Assets on Net Gain Party Involved Transaction Price Price Asset Transaction Date (Loss) -------------- ----------- ----- ----- ----- ---------------- ------ Putnam Fiduciary Purchases Of $2,628,308 $2,628,308 $2,628,308 Trust Company* AiC Stock Putnam Fiduciary Sales of AiC $991,740 1,518,477 991,740 ($526,737) Trust Company* Stock </Table> *Known to be a party-in-interest. 10 <Page> SIGNATURES ---------- PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned thereunto duly authorized. Date: 9/28/01 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN By /s/ Marti Charpentier --------------------- Marti Charpentier, member of the Plan Committee <Page> EXHIBIT INDEX <Table> <Caption> NO. EXHIBIT ------------------------------------------------------------------------------- 24. Independent Auditors' Consent </Table>