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): April 17, 2003
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HAUSER, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-17174 84-0926801
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(State or other (Commission File (IRS Employer
jurisdiction Number) Identification
of incorporation) No.)
840 Apollo Street, Suite 209
El Segundo, California 90245
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(Address of principal Zip Code
executive offices)
Registrant's telephone number, including area code: (310) 648-7881
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Registrant's Former Address: 20710 S. Alameda Street
Long Beach, California 90810-1107
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Item 5. Other Events.
On April 17, 2003, Hauser, Inc., a Delaware corporation (the "Company"),
announced that it had arranged, and the United States Bankruptcy Court for the
Central District of California (the "Bankruptcy Court") had approved, a cash
collateral stipulation with Wells Fargo Bank, N.A., the Company's senior lender.
The use of cash pursuant to the cash collateral stipulation has been approved by
the Bankruptcy Court for a 60-day period. At the end of the 60-day period,
Hauser will need to seek approval of the Bankruptcy Court to continue to use the
cash collateral. Access to cash pursuant to this stipulation is subject to
compliance by Hauser and its subsidiaries with certain conditions to the
stipulation.
On April 17, 2003, the Company issued a press release relating to the
foregoing, a copy of which is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
99.1 Press Release, dated April 17, 2003.
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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.
HAUSER, INC.
Dated: April 21, 2003 By: /s/ Kenneth C. Cleveland
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Name: Kenneth C. Cleveland
Title: President and Chief Executive
Officer
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Exhibit Index
Exhibit No. Description
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99.1 Press Release, dated April 17, 2003.