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): July 23, 2002 TAG-IT PACIFIC, INC. (Exact Name of Registrant as Specified in Charter) Delaware 1-13669 95-4654481 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 21900 Burbank Blvd., Suite 270 Woodland Hills, CA 91367 (Address of Principal Executive Offices) (818) 444-4100 (Registrant's Telephone Number) ITEM 5. OTHER EVENTS On July 23, 2002, Tag-It Pacific, Inc. announced that it has entered into a multi-year supply agreement with Levi Strauss & Co. Under the terms of the Supply Agreement, Levi Strauss & Co. has agreed to purchase from us a minimum of $10 million of various trim products, garment components and services over a two-year period. We have agreed to supply Levi Strauss & Co. with certain propriety products, equipment and know-how on an exclusive basis during this two-year period. A copy of the press release, dated July 23, 2002, published by us announcing our agreement with Levi Strauss & Co., is attached to this report as Exhibit 99.1 and is incorporated herein by this reference. 2 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. July 24, 2002 TAG-IT PACIFIC, INC. By: /s/ Ronda Sallmen ----------------------------------- Ronda Sallmen Chief Financial Officer 3