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) November 21, 2003
MEDIFAST, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-23016 13-3714405
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Ident. No.)
11445 Cronhill Drive, Owing Mills, Maryland 21117
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (410)-581-8042
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
OWINGS MILLS, M.D., November 21 ,2003 - Medifast, Inc. announced today the
election of a new independent director to its board.
Reverend Joseph D. Calderone, Ed.D., 55, Associate Director of Campus Ministry
at Villanova University, was elected to Medifast's Board of Directors. Prior to
his work at Villanova University, he spent over eight years with the Loyola
University Medical Center as the hospital Chaplain and taught multiple courses
including Introduction to the Practice of Medicine and Business Ethics. Mr.
Calderone is currently a Captain in the US Navy Reserves and serves as the Wing
Chaplain for the 4th Marine Aircraft Wing. Mr. Calderone has spent over 25 years
in the medical related field and plans to assist the Company with future growth
plans involving development of clinical affairs and diabetic nutrition
initiatives.
The addition of Mr. Calderone to Medifast's board will increase the total number
of directors to 7. In accordance with new Securities and Exchange Commissions
criteria for "independence", Medifast's board will be comprised of a majority of
independent directors.
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.
MEDIFAST, INC.
Dated: November 20, 2003
/s/ Bradley T. MacDonald
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Bradley T. MacDonald
Chairman and Chief Executive Officer
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