8-K

                       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):
                                  June 3, 2003


                       Daisytek International Corporation
               (Exact Name of Registrant as Specified in Charter)


         Delaware                0-25400               75-2421746
     ---------------          --------------       -----------------
     (State or other           (Commission         (I.R.S. Employer
     jurisdiction of           File Number)        Identification No.)
     incorporation)

                    1025 Central Expressway South, Suite 200
                               Allen, Texas 75013
          (Address of Principal Executive Offices, including zip code)


                                 (972) 881-4700
              (Registrant's Telephone Number, including area code)

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)






ITEM 3.  BANKRUPTCY OR RECEIVERSHIP

On June 3, 2003, Daisytek International Corporation (the "Company") filed a
voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court for the Northern District of Texas, Dallas
Division, under Case No. 03-35724-SAF-11.  Joint administration of the
Company's Chapter 11 case has been granted in connection with the petitions
filed by Company subsidiaries Daisytek, Incorporated, Arlington Industries,
Inc., Daisytek Latin America, Inc., Tapebargains.com, Virtual Demand, Inc.,
B.A. Pargh Company, The Tape Company and Digital Storage, Inc. under Chapter
11 on May 7, 2003.  All of these Chapter 11 cases are being jointly
administered under Case No. 03-342762-HDH-11.  Daisytek International
Corporation remains in possession of its assets and properties, and
continues to operate its businesses and manage its properties as
"debtor-in-possession" pursuant to the Bankruptcy Code.

On June 3, 2003, the Company issued a news release relating to the foregoing. A
copy of the news release is filed herewith as Exhibit 99.1.


ITEM 5.  OTHER EVENTS

     The Company accepted the resignations of Daniel T. Owen and Peter P.J.
Vikanis from the Company's board of directors, effective upon the Company's
filing of the Chapter 11 petition on June 3, 2003.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial statements of business acquired

    Not applicable

(b) Pro forma financial information

    Not applicable

(c) Exhibits

    99.1     Press Release dated June 3, 2003.







                                    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.

                                  DAISYTEK INTERNATIONAL CORPORATION


                                  By:   /s/    ERIC T. LOGAN
                                     -----------------------------------
                                      Eric T. Logan
                                      Interim Chief Financial Officer

Dated:  June 5, 2003






                                Index to Exhibits


         Exhibit
         Number            Description
         -------           -----------

          99.1             Press Release dated June 3, 2003.

EX-99

                                                                Exhibit 99.1

                  Daisytek International Corporation
           Voluntarily Files for Chapter 11 Reorganization


    ALLEN, Texas--(BUSINESS WIRE)--June 3, 2003--Daisytek
International Corporation (Nasdaq:DZTK) today announced that it has
filed a voluntary petition for reorganization under Chapter 11 of the
U.S. Bankruptcy Code. The petition was filed in Dallas, Texas.
    Prior to today's Chapter 11 filing by Daisytek International
Corp., the company's primary operating subsidiary, Daisytek,
Incorporated and a number of its U.S. operating subsidiaries,
including Arlington Industries, Inc., Digital Storage Inc. and The
Tape Company, filed voluntary petitions for reorganization under
Chapter 11 of the U.S. Bankruptcy Code on May 7, 2003 in Dallas,
Texas.
    On May 16, 2003 the boards of directors for U.K.-based ISA
International plc and Daisytek Australia each appointed a Voluntary
Administrator to assume day-to-day management of operations.
PricewaterhouseCoopers LLP, the Voluntary Administrator appointed by
ISA International's board of directors, subsequently sold the business
and assets of the U.K. and the Republic of Ireland businesses,
together with the equity in the Swedish and Norwegian companies of ISA
International.
    It is unlikely that the shareholders of Daisytek International
Corp. will realize any value from the company's Chapter 11 case.
    Last week, Daisytek's U.S. lending syndicate filed a Motion for
Relief from the Automatic Stay with the bankruptcy court as
contemplated by the Agreed Cash Collateral Order of May 21, 2003. Such
motion, if granted, would enable the lenders to enforce their liens on
Daisytek assets. Daisytek intends to vigorously oppose such a motion.
Under the cash collateral order, Daisytek's U.S. subsidiaries received
consensual approval from the bankruptcy court and its U.S. lending
syndicate to use a significant percentage of the lenders' cash
collateral through June 13, 2003 to pay for operating expenses and to
increase inventory levels at Arlington Industries and The Tape
Company.
    The company continues to conduct negotiations with creditors of
its U.S. subsidiaries and to pursue the reorganization process in the
court. Currently, the company does not anticipate that it will resume
taking orders from the Allen, Texas operations facility, nor does the
company intend to resume shipments from its Memphis, Tenn.,
Bakersfield, Calif. or Albany, NY distribution centers. These
locations comprised the primary operational facilities for the
Daisytek, Incorporated subsidiary.
    Daisytek's Mexico and Canadian operations, which are independently
funded in their respective countries and have not been included in any
bankruptcy filings, continue to report business as usual.

    About Daisytek

    Daisytek is a global distributor of computer supplies, office
products and accessories and professional tape media. Daisytek is a
registered trademark of Daisytek, Incorporated. All rights reserved.

    The matters discussed in this news release contain both historical
and forward-looking statements. All statements other than statements
of historical fact are, or may be deemed to be, forward-looking
information within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as
amended. You can identify these statements by the fact that they do
not relate strictly to historical or current facts, but rather reflect
our current expectations concerning future results and events.
Forward-looking statements relating to such matters as our financial
condition and operations, including forecasted information, are based
on our management's current intent, belief or expectations regarding
our industry or us. These forward-looking statements including
forecasts are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. In
addition, some forward-looking statements are based upon assumptions
as to future events that may not prove to be accurate. Therefore,
actual outcomes and results may differ materially from what is
expected or forecasted in such forward-looking statements. We
undertake no obligation to update publicly any forward-looking
statement for any reason, even if new information becomes available or
other events occur in the future.
    Certain factors, including but not limited to, general economic
conditions, industry trends, the loss or inability to hire skilled
personnel, the loss of key suppliers or customers, the loss or
material decline in service of strategic product shipping relations,
customer demand, product availability, competition (including pricing
and availability), risks inherent in acquiring, integrating and
operating new businesses and investments, concentrations of credit
risk, distribution efficiencies, capacity constraints, technological
difficulties (including equipment failure or a breach of our security
measures), the volatility of our common stock, economic and political
uncertainties arising as a result of terrorist attacks, seasonality,
exchange rate fluctuations, foreign currency devaluations, economic
and political uncertainties in international markets, potential
obligations under operating lease commitments of our former subsidiary
PFSweb and the regulatory and trade environment (both domestic and
foreign) could cause our actual results to differ materially from the
anticipated results or other expectations expressed in our
forward-looking statements. There may be additional risks that we do
not currently view as material or that are not presently known.
    Other factors that could affect Daisytek are set forth in
Daisytek's 10-K for fiscal year ended March 31, 2002.


    CONTACT: Daisytek International, Allen
             Barbara Benson, 972-881-4700
             bbenson@daisytek.com
                or
             Ketchum
             Teresa Henderson, 214-259-3449/214-668-6229
             teresa.henderson@ketchum.com