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): September 29, 2015
ISATORI, INC.
(Exact name of registrant as specified in its charter)
Delaware |
| 001-11900 |
| 75-2422983 |
(State or other jurisdiction of incorporation or organization) |
| (Commission File Number) |
| (I.R.S. Employer Identification Number) |
15000 W 6th Avenue, Suite 202 Golden, Colorado |
| 80401 |
(Address of principal executive offices) |
| (Zip Code) |
Registrants telephone number, including area code: 303-215-9174
Not Applicable
(Former name or former address, if changed since last report)
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:
ý
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 Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07.
Submission of Matters to a Vote of Security Holders
iSatori, Inc. (the Company) held its special meeting of stockholders on September 29, 2015. Of the 13,368,791 shares of common stock issued and outstanding as of the record date (August 13, 2015), 11,466,342 shares of common stock (approximately 85.77%) were present or represented by proxy at the special meeting. In addition, (i) 9,500 shares of Series A $20 Convertible Preferred Stock and (ii) 13,000 shares of Series D $20 Convertible Preferred Stock, convertible into 3,250 shares of common stock and voting on an as-converted basis, were present or represented by proxy at the special meeting. The results of the voting on the matters submitted to the stockholders are as follows.
(1)
Adoption of the Agreement and Plan of Merger, dated as of May 18, 2015, by and among FitLife Brands, Inc. (FitLife), ISFL Merger Sub, Inc. (Merger Sub) and iSatori, Inc. (iSatori) and the transactions contemplated thereby, pursuant to which Merger Sub will merge with and into iSatori, with iSatori as the surviving corporation and a wholly-owned subsidiary of FitLife (the "merger") and approval of the merger:
Name |
| For |
| Against |
| Abstain |
|
|
|
|
|
|
|
|
| 11,393,268 |
| 73,072 |
| 2 |
(2)
Approval, on an advisory (non-binding) basis, the compensation that may be paid or become payable to iSatoris named executive officers that is based on or otherwise related to the proposed merger:
|
| For |
| Against |
| Abstain |
|
|
|
|
|
|
|
|
| 11,260,357 |
| 111,654 |
| 2 |
Item 8.01.
Other Events.
On September 29, 2015, the Company issued a press release announcing the results of its special meeting. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No. |
| Description |
|
|
|
99.1 |
| Press Release, dated September 30, 2015, announcing results of special meeting. |
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.
Date: September 30, 2015
ISATORI, INC. | |
|
|
By: | /s/ Stephen Adelé |
Stephen Adelé | |
Chief Executive Officer |
EXHIBIT INDEX
Exhibit No. |
| Description |
|
|
|
99.1 |
| Press Release, dated September 30, 2015, announcing results of special meeting. |
Exhibit 99.1
FOR IMMEDIATE RELEASE
iSatori Announces Stockholder Approval of Merger With FitLife Brands
GOLDEN, CO--(September 30, 2015) - iSatori, Inc. (OTCQB: IFIT) today announced the preliminary results of its special meeting of stockholders held yesterday morning. iSatori stockholders voted to approve the merger and adopt the Agreement and Plan of Merger with FitLife Brands, Inc. (OTCBB: FTLF) (FitLife). Of the 11,466,342 votes cast at the meeting, 11,393,268 or 99.4% were cast in favor of the merger with only 73,072 opposed.
We are very pleased with this strong endorsement of our proposed merger with FitLife Brands by our stockholders, said Stephen Adele, Chief Executive Officer and Founder of iSatori. We believe this merger offers our stockholders and those of FitLife Brands an investment in a company with greater revenues, reach, and opportunities and will enable the combined company to create long-term value for our shareholders. Our CFO, Seth Yakatan and I will both be joining the Board of Directors of the combined entity, and we are looking forward to working with the FitLife team to create a stronger, more innovative, and efficient provider of premium nutritional supplement brands.
With the merger of iSatori and FitLife Brands, the combined company will greatly increase its revenues, increase distribution channels and geographic reach, and offer a stronger and wider product line, said Michael Abrams, FitLife CFO. "FitLife has traditionally been among the few consistently profitable providers in the premium nutrition arena, and we will add our financial discipline to all combined entities, which will, we believe, enable us to grow while maintaining profitability," he added.
About iSatori, Inc.
iSatori is a leading innovator of consumer products firm that develops and sells nutritional supplements through online marketing, Fortune 500 retailers, and thousands of retail stores around the world. The Company is headquartered in Golden, Colorado, and its common stock trades on the OTCQB under the symbol "IFIT." More information about the Company is available at www.iSatori.com.
About FitLife Brands
FitLife Brands formulates innovative and proprietary nutritional supplements for health-conscious consumers. FitLife currently markets over 60 different dietary supplements to promote sports nutrition, improved performance, weight loss, and general health primarily through domestic and international GNC® franchise locations. FitLife is headquartered in Omaha, Nebraska, and its common stock trades on the OTCBB under the symbol FTLF. For more information, please visit FitLifes website at www.fitlifebrands.com.
No Offer or Solicitation
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed merger of iSatori, Inc. with FitLife Brands, Inc. (FitLife) or otherwise, nor shall there be any sale, issuance, or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information About the Proposed Transaction and Where to Find It
FitLife has filed with the SEC a registration statement on Form S-4 that includes a preliminary Proxy Statement of iSatori that also constitutes a preliminary prospectus of FitLife. The registration statement has not yet become effective. FitLife and iSatori plan to mail the definitive Proxy Statement/Prospectus to iSatoris shareholders in connection with the transaction. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ISATORI, FITLIFE, THE TRANSACTION AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the definitive Proxy Statement/Prospectus and other documents filed with the SEC by iSatori and FitLife through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the definitive Proxy Statement/Prospectus and other documents filed by iSatori with the SEC by contacting the
Corporate Secretary at 15000 W. 6th Avenue, Golden, CO 80401 or by calling 303.215.9174, and will be able to obtain free copies of the definitive Proxy Statement/Prospectus and other documents filed by FitLife by contacting FitLifes Chief Financial Officer at 4509 143rd Street, Suite 1, Omaha, NE 68137 or by calling 402.333.5260.
Participants in a Solicitation
iSatori and FitLife and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of iSatori in respect of the transaction described the Proxy Statement/Prospectus. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of iSatori in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive Proxy Statement/Prospectus when it is filed with the SEC. Information regarding iSatoris directors and executive officers is contained in iSatoris Annual Report on Form 10-K for the year ended December 31, 2014, which is filed with the SEC. Information regarding FitLifess directors and executive officers is contained in FitLifes Annual Report on Form 10-K for the year ended December 31, 2014 and its Proxy Statement on Schedule 14A, dated May 4, 2015, which are filed with the SEC.
Forward-Looking Statements
Statements made in this news release relating to the Company's future sales, expenses, revenue, product developments, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We have used the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "potential," and similar terms and phrases to identify forward-looking statements in this press release.These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the timing and extent of changes in demand for the Company's products, the availability and price of ingredients necessary to manufacture such products, and the outcome of any current or future litigation regarding such products or similar products of competitors. Please see our Risk Factor disclosures included in our Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on April 30, 2013, and in subsequent filings with the Securities and Exchange Commission. All future written or oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the previous statements.The forward-looking statements herein speak as of the date of this press release. We undertake no obligation to update any information contained herein or to publicly release the results of any revisions to any forward-looking statements that may be made to reflect events or circumstances that occur, or that we become aware of, after the date of this press release.
Contacts
Self & Associates
Trudy M. Self
Investor Relations
909.336.5685
tmself@aol.com
iSatori, Inc.
Sue Mosebar
Corporate Communications
(303) 215-9174
pr@isatori.com
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