UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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) May 21, 2003

                                 HOT TOPIC, INC.
                                 ---------------
             (Exact name of Registrant as specified in its charter)


         California                  0-28784                    77-0198182
(State or other jurisdiction  (Commission File Number)        (IRS Employer
      of incorporation)                                      Identification No.)


18305 E. San Jose Avenue, City of Industry, California            91748
     (Address of principal executive offices)                   (Zip Code)



        Registrant's telephone number, including area code (626) 839-4681


           __________________________________________________________
          (Former name or former address, if changed since last report)





ITEM 9. REGULATION FD DISCLOSURE.

The information contained in this Item 9 of this Current Report is being
furnished pursuant to "Item 12. Results of Operations and Financial Condition"
of Form 8-K, in accordance with the Securities Exchange Commission's Release
Nos. 33-8216 and 34-47583.

The information in this Current Report is being furnished and shall not be
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act"), or otherwise subject to the liabilities of that
Section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933 or the Exchange Act, regardless of any general
incorporation language in such filing.

Attached hereto as Exhibit 99.1 is a copy of a press release that Hot Topic,
Inc. issued on May 21, 2003 reporting, among other things, its results for the
first quarter of fiscal 2003 (quarter ended May 3, 2003).







                                       2




                                    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 hereunto duly authorized.


                                           Hot Topic, Inc.


                                           /s/ James McGinty
                                           -------------------------------------
                                           James McGinty
                                           Chief Financial Officer and Secretary

                                           May 21, 2003






                                       3