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): March 28, 2001 Restaurant Teams International, Inc. (Exact name of registrant as specified in its charter) State of Texas 001-13559 75-2337102 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 911 N.W. Loop 281, Suite 111 Longview, Texas 75604 (Address of principal executive offices) (Zip code) No change (Former name of address, if changed since last report). Item 5. Other events On March 16, 2001 RTOSF, Inc, a wholly owned subsidiary of Restaurant Teams International, Inc. sold the assets and franchise rights of it's Tanner's restaurants in Atlanta, GA. RTOSF, Inc. received approximately $245,000 for the transaction. RTOSF, Inc. had liens and encumbrances on the business which were in excess of the amount paid and therefore no proceeds were passed through to the parent corporation, Restaurant Teams International, Inc. Furthermore now that RTOSF, Inc. has paid off what it was able to, Restaurant Teams International, Inc. is responsible for the payment of some of the deficiencies which remained. 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. Restaurant Teams International, Inc. Date: March 28, 2001 By: /s/ Stanley L. Swanson -------------------- Stanley L. Swanson Chief Executive Officer (Signature) Date: March 28, 2001 By: /s/ Curtis A. Swanson ------------------ Curtis A. Swanson Chief Financial Officer (Signature)