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: AUGUST 23, 2002 (Date of earliest event reported) TEAM AMERICA, INC. (Exact name of registrant as specified in its charter) OHIO 0-12533 31-1209872 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 110 EAST 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) (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS On August 23, 2002, Team America, Inc. issued a press release announcing that it had received a determination letter from Nasdaq notifying it that it is not in compliance with Nasdaq's continuing listing requirements. 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 Exhibits 99 Press release (filed herewith). SIGNATURE 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. TEAM AMERICA, INC. Registrant /s/ S. Cash Nickerson ----------------------------------- S. Cash Nickerson Chairman, President and CEO Date: August 23, 2002 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release, dated August 23, 2002, entitled, "TEAM America, Inc. to Request Review of Nasdaq Determination"