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NTRI > SEC Filings for NTRI > Form 8-K on 29-Oct-2013All Recent SEC Filings

Show all filings for NUTRI SYSTEM INC /DE/



Entry into a Material Definitive Agreement, Financial Statements and Exhibi

Item 1.01. Entry into a Material Definitive Agreement

On October 28, 2013, NutriSystem, Inc. (the "Company") entered into a Mutual Release and Settlement Agreement ("Settlement Agreement") between the Company and Hormel Foods Sales, LLC ("Hormel Foods"). The Settlement Agreement provides for the payment of $5 million by the Company to Hormel Foods and a mutual release of claims by the parties. The Company and Hormel Foods have an on-going supplier relationship pursuant to which Hormel Foods manufactures certain products for the Company.

The description of the Settlement Agreement herein does not purport to be complete and is qualified in its entirety by reference to the Settlement Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

10.1 Mutual Release and Settlement Agreement effective October 28, 2013 between NutriSystem, Inc. and Hormel Foods Sales, LLC.

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