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 4, 2005


                              TAG-IT PACIFIC, INC.
             (Exact name of registrant as specified in its charter)


         DELAWARE                      1-13669                   95-4654481
(State or other jurisdiction    (Commission File Number)      (I.R.S. Employer
     of incorporation)                                       Identification No.)


                       21900 BURBANK BOULEVARD, SUITE 270
                            WOODLAND HILLS, CA 91367
                (Address of Principal Executive Offices/Zip Code)


                                 (818) 444-4100
              (Registrant's telephone number, including area code)


         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

         |_|      Written   communications   pursuant  to  Rule  425  under  the
                  Securities Act (17 CFR 230.425)

         |_|      Soliciting material pursuant to Rule 14a-12 under the Exchange
                  Act (17 CFR 240.14a-12)

         |_|      Pre-commencement  communications  pursuant  to  Rule  14d-2(b)
                  under the Exchange ct (17 CFR 240.14d-2(B))

         |_|      Pre-commencement  communications  pursuant  to Rule  13e-4(c))
                  under the Exchange Act (17 CFR 240.13e-4c))





ITEM 5.02         DEPARTURE  OF DIRECTORS  OR  PRINCIPAL  OFFICERS;  ELECTION OF
                  DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

     RESIGNATION OF CURRENT CFO

         On March 4, 2005, we announced that Ronda  Ferguson,  our current Chief
Financial Officer and principal financial and accounting  officer,  would resign
from the  position of Chief  Financial  Officer and will take a lesser  position
with our company, effective as of April 1, 2005.

     APPOINTMENT OF NEW CFO

         We also announced that August F. DeLuca will be appointed, effective as
of April 1, 2005,  to replace Ms.  Ferguson as our Chief  Financial  Officer and
will serve as our principal financial and accounting officer.

         August F. DeLuca (age 61) joins us from Kistler Aerospace  Corporation,
a company which is developing a fully-reusable, unmanned launch vehicle designed
to place  satellites  into earth orbits.  Since April 2000, Mr. DeLuca served as
Executive  Vice  President  and Chief  Financial  Officer of Kistler  Aerospace,
supervising all accounting and financial controls, treasury, investor relations,
financial  modeling  and risk  management  responsibilities.  In this role,  Mr.
DeLuca  negotiated  lines of credit  approaching  $200  million  and secured $70
million in private equity  commitments.  Prior to Kistler Aerospace,  Mr. DeLuca
spent 11 years as Chief Financial Officer and Vice President of Finance for Elco
Textron, Inc., a $320 million publicly held company based in Rockford,  Illinois
which  manufactured  and distributed  products for the  automotive,  industrial,
consumer and construction markets which was acquired by Textron, Inc. (NYSE: TXT
- News). Mr. DeLuca has a bachelor's  degree in engineering and mathematics from
the  University of Michigan,  a Master's  degree from the University of Southern
California,  and an MBA (Finance/Accounting)  from the University of Washington.
He has  completed  the Advanced  Management  Program  from the Harvard  Business
School.

         Mr. DeLuca did not have any material interest,  direct or indirect,  in
any  material  transaction  to which we were a party since  January 1, 2004,  or
which is presently proposed.


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                                    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.


                                  TAG-IT PACIFIC, INC.



Date:    March 10, 2005           By:  /S/ COLIN DYNE
                                       --------------------------
                                       Colin Dyne
                                       Chief Executive Officer


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