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 18, 2002 SALIX PHARMACEUTICALS, LTD. -------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 000-23265 94-3267443 - ------------------------------------- ------------------------------------- (Commission file Number) (IRS Employer ID Number) 8540 Colonnade Center Drive, Suite 501, Raleigh, North Carolina 27615 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (919) 862-1000 --------------------------- Item 5. Other Events and Regulation FD Disclosure On March 18, 2002, Salix Pharmaceuticals, Ltd. issued a press release announcing that the underwriters of its recent public offering of common stock exercised their over-allotment option and purchased from Salix an additional 600,000 shares. After giving effect to the over-allotment shares, a total of 4,600,000 shares of common stock were offered and sold in the offering. The net proceeds to Salix for the entire offering were approximately $57.4 million. A copy of this press release is attached as an exhibit. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release dated March 18, 2002 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. SALIX PHARMACEUTICALS, LTD. Date: March 18, 2002 By: /s/ Adam C. Derbyshire ------------------------------------------- Adam C. Derbyshire Vice President and Chief Financial Officer