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: FEBRUARY 18, 2002 TEAM MUCHO, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Ohio 0-21533 31-1209872 - ------------------------------- --------------------- ---------------------- (STATE OR OTHER JURISDICTION OF (COMMISSION FILE NO.) (IRS EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER) 110 E. Wilson Bridge Road Worthington, Ohio 43085 (614) 848-3995 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) None (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE On February 18, 2002, TEAM Mucho, Inc., an Ohio corporation (the "Company"), issued a press release announcing it had entered into a letter of intent to purchase substantially all of the assets of Atlanta, Georgia based professional employer organization (PEO), Inovis Employee Services, Inc. The purchase price will be payable in cash, and it is anticipated that the transaction will close at the end of March. The press release is included as Exhibit 99 to this Form 8-K and is incorporated herein by this reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS. Exhibit No. Description 99 Press Release, dated February 18, 2002, entitled, "TEAM America Announces Acquisition of Inovis in Atlanta, Georgia." 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. TEAM MUCHO, INC. Date: March 7, 2002 By: /s/ S. Cash Nickerson ----------------------------------- S. Cash Nickerson, Chairman and CEO EXHIBIT INDEX Exhibit No. Description 99 Press Release, dated February 18, 2002, entitled, "TEAM America Announces Acquisition of Inovis in Atlanta, Georgia."