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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): September 20, 2001
Zaxis International Inc.
Delaware 0-15476 68-0080601
(State or other Commission file number IRS Identification Number
Jurisdiction of Incorporation)
1890 Georgetown Road, Hudson, OH 44236
(Address of Principal Executive Offices) (zip code)
330-650-0444
(Registrant's telephone number, including area code)
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Item 5. Other Events
The Company announces the retirement of all debt held by Progen Industries
Limited of Australia in Zaxis including all notes payable, accrued interest,
warrants, options and commissions. The debt was retired in exchange for a
combination of cash and restricted common stock.
The Company announces the appointment of John Hrobsky to the Board of Directors.
Mr. Hrobsky is President and Chief Executive Officer of Zaxis and has held that
position with the Company since December of 1999. His appointment to the Board
of Directors increases the number of Directors to six.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Zaxis International Inc.
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(Registrant)
September 20, 2001 BY: S/S John Hrobsky
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John Hrobsky, President &
Chief Executive Officer and Acting Chief
Financial Officer