UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

~~OF THE~~ SECURITIES EXCHANGE ACT OF 1934

Date of ~~Report~~report (~~Date~~date of earliest event reported) : September 426, 2003

Daisytek International Corporation

(Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in ~~its charter~~Charter)

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

Delaware

0-25400

75-2421746

(State or other

jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

~~1205~~1025 Central Expressway South, Suite 200

Allen, TXTexas 75013

(Address of ~~principal~~Principal ~~executive~~Executive ~~office~~Offices, including zip code)

(972) 881-4700

(Registrant’s ~~telephone~~Telephone ~~number~~Number, including area code)

N/A

(Former ~~name~~Name or ~~former~~Former ~~address~~Address, if ~~changed~~Changed ~~since~~Since ~~last~~Last ~~report.~~Report)

ITEM 5. Other Events.

On ~~June~~May 37, 2003, Daisytek, ~~International~~Incorporated, ~~Corporation~~Arlington Industries, aInc., ~~Delaware~~B.A. ~~corporation~~Pargh Company, Daisytek Latin America, Inc., Digital Storage, Inc., The Tape Company, Tapebargins.com, Inc. and Virtual Demand, Inc., (collectively, the “Subsidiaries”), all of which are direct or indirect subsidiaries of Daisytek International Corporation (the “Company,” and collectively with the Subsidiaries, the “Debtors”), each filed a voluntary petition for relief under Chapter 11 of title 11 of the United States ~~Bankruptcy~~ Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division (the “Bankruptcy Court”), under Case No. 03-34762-HDH-11. ~~Joint~~On ~~administration~~June of3, 2003, the Company’s ~~Chapter~~filed 11a ~~case~~voluntary ~~has~~petition ~~been~~for ~~granted~~relief inunder ~~connection with~~ the ~~petitions~~Bankruptcy ~~filed~~Code in the Bankruptcy Court byunder ~~Company’s~~Case ~~subsidiaries Daisytek, Incorporated, Arlington Industries, Inc~~No., ~~Daisytek Latin America, Inc~~03-35724-SAF-11., ~~Tapebargains.com,~~Joint ~~Virtual~~administration ~~Demand,~~of ~~Inc.,~~the ~~B.A. Pargh~~ Company,’s ~~The~~Chapter ~~Tape~~11 ~~Company~~case ~~and~~has ~~Digital~~been ~~Storage,~~granted ~~Inc.~~in connection ~~under~~with ~~Chapter~~the ~~11 on~~petitions ~~May~~filed 7,by ~~2003~~the Subsidiaries. The ~~Company~~Debtors ~~remains~~remain in possession of ~~its~~their assets and properties, and ~~continues~~continue to operate ~~its~~their businesses and manage ~~its~~their properties as a “~~debtor~~debtors-in-possession” pursuant to the Bankruptcy Code.

On ~~September~~August 420, 2003, ~~Arlington Industries, Inc., a Delaware corporation, a wholly-owned indirect subsidiary of~~ the Company and aSubsidiaries ~~debtor-in-possession~~filed unaudited ~~under~~Monthly ~~the~~Operating ~~Bankruptcy~~Reports ~~Code~~for ~~(“Arlington”), completed~~ the ~~sale~~period ofAugust ~~substantially all of its assets (the “Arlington Assets”) to Carolina Wholesale Office Machine Company~~1, ~~Inc.,~~ a2003 ~~North~~through ~~Carolina~~August ~~corporation (“Carolina Wholesale”)~~31, ~~for~~2003 awith ~~total purchase price of approximately $18 million (as adjusted), pursuant to~~ the ~~terms~~United ~~and~~States ~~conditions~~Bankruptcy ofCourt. anThe ~~Asset~~Monthly ~~Sale~~Operating ~~and~~Reports ~~Purchase~~are ~~Agreement~~included byherewith ~~and~~as ~~among~~Exhibits ~~Arlington~~99.1, ~~the Company~~99.2, ~~(for the limited purposes set forth therein) and Carolina Wholesale~~99.3, ~~dated as of August 20~~99.4, ~~2003~~99.5 ~~(the~~and ~~“Arlington Purchase Agreement”)~~99.6.

The ~~Arlington~~Company ~~Assets~~accepted ~~sold~~the ~~included~~resignation ~~(i) certain~~ of ~~Arlington’s~~Nicholas ~~accounts~~A. ~~receivable,~~Giordano ~~(ii)~~from ~~rights under certain executory contracts and unexpired leases, (iii) all of Arlington’s inventory, furniture, fixtures, equipment, other tangible personal property and intellectual property, (iv)~~ the ~~goodwill relating to Arlington~~Company’s ~~business,~~board ~~(v) to the extent transferable, Arlington’s licenses, permits,~~of ~~consents~~directors, ~~authorizations,~~effective ~~approvals~~as ~~and certificates, and (vi) certain claims and rights~~ of ~~recovery~~August ~~or setoff. In addition~~29, ~~Carolina Wholesale assumed certain liabilities of Arlington~~2003.

~~The~~Cautionary ~~sale~~Statement ~~of the Arlington Assets was consummated pursuant to the provisions of Section 363(b) and (f) of the Bankruptcy Code. An auction for~~Regarding ~~the~~Operating ~~sale~~Reports ofas ~~the~~Filed ~~Arlington~~with ~~Assets was held on August 25, 2003. At~~ the ~~auction, Carolina Wholesale made the highest and best offer to purchase the Arlington Assets. On August 28, 2003, the~~ Bankruptcy Court ~~approved the sale of the Arlington Assets to Carolina Wholesale.~~

OnThe Monthly ~~September~~Operating 8,Reports ~~2003,~~contain ~~The~~financial ~~Tape~~statements ~~Company,~~and aother ~~Delaware corporation,~~information athat ~~wholly-owned~~has ~~indirect~~not ~~subsidiary~~been ofaudited ~~the~~or ~~Company~~reviewed ~~and~~by aindependent ~~debtor-in-possession~~accountants ~~under~~and ~~the~~is ~~Bankruptcy~~subject ~~Code~~to ~~(“Tape”),~~revision. ~~completed~~The ~~the~~Monthly ~~sale~~Operating ofReports ~~substantially~~are ~~all~~in ofa ~~its~~format ~~assets~~prescribed ~~(the~~by ~~“Tape~~applicable bankruptcy ~~Assets,”~~laws and ~~collectively~~contain ~~with~~information ~~the Arlington~~for ~~Assets,~~periods ~~the~~that ~~“Assets”)~~may tobe ~~Discount~~different ~~Media~~from ~~Products,~~those ~~LLC,~~required anin ~~Illinois~~the ~~limited~~Company’s ~~liability~~reports ~~company~~pursuant ~~(“Discount~~to ~~Media”),~~the ~~for~~Securities aExchange ~~total~~Act ~~purchase~~of ~~price~~1934 of(“the ~~approximately~~Exchange $3Act”).8 ~~million~~The ~~(as~~financial ~~adjusted),~~information ~~pursuant~~set toforth in the Monthly ~~terms~~Operating ~~and conditions~~Reports ofshould annot ~~Asset~~be ~~Sale~~viewed ~~and~~as ~~Purchase~~indicative ~~Agreement~~of ~~between~~future ~~Tape~~results and ~~Discount~~should ~~Media,~~not ~~dated~~be asused offor ~~August~~investment ~~22, 2003 (the “Tape Purchase Agreement”)~~purposes.

~~The~~Forward-Looking ~~Tape~~Statements Assets sold included (i) certain of Tape’s accounts receivable and notes receivable, (ii) rights under certain executory contracts and unexpired leases, (iii) all of Tape’s inventory, furniture, fixtures, equipment, other tangible personal property and intellectual property, (iv) the goodwill relating to Tape’s business, (v) to the extent transferable, Tape’s licenses, permits, consents, authorizations, approvals and certificates and (vi) certain claims and rights of recovery or setoff. In addition, Discount Media assumed certain liabilities of Tape.

~~The~~Certain ~~sale~~statements ofused ~~the~~in ~~Tape~~this ~~Assets~~Form ~~was~~8-K, ~~consummated~~including ~~pursuant to~~ the ~~provisions~~Exhibits offurnished ~~Section~~herewith, ~~363(b)~~may ~~and~~be ~~(f)~~forward-looking ofstatements within the ~~Bankruptcy~~meaning ~~Code.~~of AnSection ~~auction for the~~27A ~~sale~~ of the ~~Tape~~Securities ~~Assets~~Act ~~was~~of ~~held~~1933 onand ~~August~~Section ~~25,~~21E ~~2003.~~of At the ~~auction,~~Exchange ~~Discount~~Act. ~~Media~~These ~~made~~forward-looking ~~the~~statements ~~highest~~about ~~and~~the ~~best~~financial ~~offer~~condition, toprospects, ~~purchase~~operations ~~the~~and ~~Tape~~business ~~Assets.~~of Onthe ~~August~~Company ~~28,~~are ~~2003,~~generally ~~the~~accompanied ~~Bankruptcy~~by ~~Court~~words ~~approved~~such ~~the~~as ~~sale~~“anticipates,” “expects,” of“estimates,” ~~the~~“believes,” ~~Tape~~“intends,” ~~Assets~~“plans” toor ~~Discount~~similar ~~Media.~~

~~Substantially~~expressions. ~~all~~These offorward-looking ~~the~~statements ~~proceeds~~are ofsubject ~~the~~to ~~sale~~numerous ofrisks, ~~the~~uncertainties ~~Assets~~and ~~have~~other ~~been~~factors, ~~used~~some toof ~~satisfy~~which aare ~~portion~~beyond of the ~~amounts~~control ~~owed to the Company’s secured lenders. The proceeds from the sale~~ of the ~~Assets~~Debtors ~~will~~that ~~not~~could ~~fully~~cause ~~satisfy~~actual ~~the~~results ~~debts owed by the Company~~ to ~~its~~differ ~~secured~~materially ~~and~~from ~~unsecured~~those ~~creditors,~~forecasted ~~therefore,~~or ~~none~~anticipated ofin ~~the~~such ~~proceeds~~forward-looking ~~will be available for distribution to the Company’s stockholders~~statements.

OnITEM: ~~August 21, 2003, Daisytek (Canada) Inc~~7., aFINANCIAL ~~company~~STATEMENTS ~~organized~~AND ~~under the laws of the Province of Ontario, Canada, and a wholly-owned indirect subsidiary of the Company (“Daisytek Canada”), Daisytek, Incorporated, a~~ EXHIBITS

~~Delaware corporation, a wholly-owned direct subsidiary of the Company, the record holder of all of the outstanding capital stock of Daisytek Canada and a debtor-in-possession under the Bankruptcy Code~~ (~~“Daisytek Incorporated”~~c), and EMJ Data Systems Ltd., a corporation incorporated under the laws of the Province of Ontario, Canada (“EMJ”) entered into that certain Stock Purchase Agreement (the “Canada Purchase Agreement”), pursuant to which Daisytek Incorporated has agreed to sell to EMJ all of its shares of capital stock of Daisytek Canada (the “Shares”) for a total purchase price of approximately $U.S. 20 million (as adjusted) plus the assumption of debt. On September 12, 2003, the Bankruptcy Court approved the sale of the Shares to EMJ. Exhibits

Upon the closing of the transactions contemplated by the Canada Purchase Agreement, a significant portion of the proceeds of the sale of the Shares will be used to satisfy the remaining amounts owed to the Company’s secured lenders. The balance of the proceeds will be held to pay costs of administration of the Chapter 11 cases and for distribution to the unsecured creditors of the Company and its affiliates who are in the Chapter 11 cases. None of the proceeds will be available for distribution to the Company’s stockholders.

99.1		Monthly Operating Report of Daisytek International, for a period from August 1, 2003 through August 31, 2003.

99.2		Monthly Operating Report of Daisytek Incorporated, B.A. Pargh Company and Virtual Demand, Inc., for a period from August 1, 2003 through August 31, 2003.

99.3		Monthly Operating Report of The Tape Company and Tapebargains.com, Inc. for a period from August 1, 2003 through August 31, 2003.

99.4		Monthly Operating Report of Arlington Industries, Inc. for a period from August 1,2003 through August 31, 2003.

99.5		Monthly Operating Report of Daisytek Latin America, Inc. for a period from August 1, 2003 through August 31, 2003.

99.6		Monthly Operating Report of Digital Storage, Inc. for a period from August 1, 2003 through August 31, 2003.

~~ITEM~~SIGNATURE ~~7. FINANCIAL STATEMENTS AND EXHIBITS.~~

2.1		Asset Sale and Purchase Agreement among Carolina Wholesale Office Machine Company, Inc., Arlington Industries, Inc., and Daisytek International Corporation (for the limited purposes set forth therein), dated as of August 20, 2003.
2.2		Asset Sale and Purchase Agreement between Discount Media Products, LLC and The Tape Company, dated as of August 22, 2003.
2.3		Stock Purchase Agreement among Daisytek, Incorporated, Daisytek (Canada) Inc. and EMJ Data Systems Ltd., dated as of August 21, 2003.
99.1		Order Authorizing and Approving (i) Sale of Substantially All of the Assets of Arlington Industries, Inc. Free and Clear of All Liens, Claims, Encumbrances and Other Interests and (ii) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, dated August 28, 2003.
99.2		Order Authorizing and Approving (i) Sale of Substantially All of the Assets of The Tape Company Free and Clear of All Liens, Claims, Encumbrances and Other Interests and (ii) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, dated August 28, 2003.
99.3		Order Authorizing and Approving Sale of the Capital Stock of Daisytek (Canada) Inc. Owned by Inc. and the Assignment of the Canadian Trademarks Free and Clear of All Liens, Claims, Encumbrances and Other Interests, dated September 12, 2003.

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.

DAISYTEK ~~INTERNATIONAL~~InTERNATIONAL CORPORATION By: /s/ ~~Eric~~ERIC T. ~~Logan~~LOGAN Eric T. Logan Interim Chief Financial Officer

~~Date~~Dated: September 2926, 2003

~~EXHIBIT~~Index ~~INDEX~~to Exhibits

ExhibitNumber		Description
2.1		Asset Sale and Purchase Agreement among Carolina Wholesale Office Machine Company, Inc., Arlington Industries, Inc., and Daisytek International Corporation (for the limited purposes set forth therein), dated as of August 20, 2003.
99.1		Monthly Operating Report of Daisytek International, for a period from August 1, 2003 through August 31, 2003.
2.2		Asset Sale and Purchase Agreement between Discount Media Products, LLC and The Tape Company, dated as of August 22, 2003.
99.2		Monthly Operating Report of Daisytek Incorporated, B.A. Pargh Company and Virtual Demand, Inc., for a period from August 1, 2003 through August 31, 2003.
2.3		Stock Purchase Agreement among Daisytek, Incorporated, Daisytek (Canada) Inc. and EMJ Data Systems Ltd., dated as of August 21, 2003.
99.3		Monthly Operating Report of The Tape Company and Tapebargains.com, Inc. for a period from August 1, 2003 through August 31, 2003.
99.1		Order Authorizing and Approving (i) Sale of Substantially All of the Assets of Arlington Industries, Inc. Free and Clear of All Liens, Claims, Encumbrances and Other Interests and (ii) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, dated August 28, 2003.
99.4		Monthly Operating Report of Arlington Industries, Inc. for a period from August 1,2003 through August 31, 2003.
99.2		Order Authorizing and Approving (i) Sale of Substantially All of the Assets of The Tape Company Free and Clear of All Liens, Claims, Encumbrances and Other Interests and (ii) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, dated August 28, 2003.
99.5		Monthly Operating Report of Daisytek Latin America, Inc. for a period from August 1, 2003 through August 31, 2003.
99.3		Order Authorizing and Approving Sale of the Capital Stock of Daisytek (Canada) Inc. Owned by Inc. and the Assignment of the Canadian Trademarks Free and Clear of All Liens, Claims, Encumbrances and Other Interests, dated September 12, 2003.
99.6		Monthly Operating Report of Digital Storage, Inc. for a period from August 1, 2003 through August 31, 2003.

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