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<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
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<b>UNITED STATES </b></font></div>

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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington, D.C. 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;12/01/2005 </b></font></div>




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<b>NUTRI SYSTEM INC DE </b></font></div>

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<b>(Exact name of registrant as specified in its charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;0-28551</b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>23-3012204</b></font>
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<b>(State or other jurisdiction of</b></font>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
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<b>incorporation)</b></font>
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<b>Identification No.)</b></font>
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<b>200 Welsh Road, Horsham, PA 19044</b></font></div>


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<b>(Address of principal executive offices, including zip code)</b></font>
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<b>215 706 5302 </b></font>
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<b>(Registrant&#146;s telephone number, including area code)</b></font>
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<b> </b></font>
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<b>(Former name or former address, if changed since last report) </b></font>
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<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
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<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Information to be included in the report</b>
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<b>Item 1.01.&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement</b></font>
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Effective December 1, 2005 (the "Effective Date"), the Company entered into</div><div align="left" style="text-indent:4%">an employment agreement with Will Auchincloss as an executive officer with</div><div align="left" style="text-indent:4%">the title of President, Slim and Tone Division, at an initial annual salary</div><div align="left" style="text-indent:4%">of $200,000 per annum.  The agreement has a term of two years, with</div><div align="left" style="text-indent:4%">automatic one-year renewal terms unless either party gives at least a</div><div align="left" style="text-indent:4%">three-month advance notice of non-renewal.  Mr. Auchincloss will receive</div><div align="left" style="text-indent:4%">restricted shares of the Company's common stock valued at $1,000,000, dated</div><div align="left" style="text-indent:4%">as of the Effective Date and scheduled to vest in equal annual installments</div><div align="left" style="text-indent:4%">over three years.  In addition to the restricted stock grant, a relocation</div><div align="left" style="text-indent:4%">package and being allowed to participate in any bonus programs established</div><div align="left" style="text-indent:4%">by the CEO or the Compensation Committee, Mr. Auchincloss will receive a</div><div align="left" style="text-indent:4%">signing bonus of $25,000 payable on or around December 15, 2005 and</div><div align="left" style="text-indent:4%">guaranteed bonuses of $25,000 on or around December 15 in each of 2006 and</div><div align="left" style="text-indent:4%">2007 so long as he is an employee in good standing with the Company at the</div><div align="left" style="text-indent:4%">time of any bonus payment.  If Mr. Auchincloss is terminated without cause</div><div align="left" style="text-indent:4%">(with one month advance notice of termination without cause), then, in</div><div align="left" style="text-indent:4%">exchange for a mutual general release, the Company will (1) pay a lump sum</div><div align="left" style="text-indent:4%">severance payment in the amount equal to six months of the salary then in</div><div align="left" style="text-indent:4%">effect, (2) continue group healthcare, group life and AD&D coverage for six</div><div align="left" style="text-indent:4%">months, (3) reduce covenants against non-competition to a six-month period</div><div align="left" style="text-indent:4%">from the termination date and (4) accelerate all unvested shares of</div><div align="left" style="text-indent:4%">restricted stock granted on the Effective Date for 12 months of vesting.  A</div><div align="left" style="text-indent:4%">copy of NutriSystem's press release is attached hereto as Exhibit 99.1 and</div><div align="left" style="text-indent:4%">hereby incorporated by reference.</font>
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<b>Signature(s) </b></font>
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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. </font>
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	NUTRI SYSTEM INC DE</font>
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	Date: December 06, 2005</font>
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	By:</font>
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	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	/s/&nbsp;&nbsp;&nbsp;&nbsp;James D. Brown</font>
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	James D. Brown</font>
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	<div><font Face="times New Roman" Size="2" Color="#000000">Executive Vice President & CFO</font>
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<b>Exhibit Index </b></font>
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	<b>Exhibit&nbsp;No.</b></font>
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	<b>Description</b></font>
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	EX-99.1</font>
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	NutriSystem's Press Release</font>
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Prepared By R.R. Donnelley Financial -- Form 8-K
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):  12/01/2005
NUTRI SYSTEM INC DE
(Exact name of registrant as specified in its charter)
Commission File Number:  0-28551
DE
23-3012204
(State or other jurisdiction of
(IRS Employer
incorporation)
Identification No.)
200 Welsh Road, Horsham, PA 19044
(Address of principal executive offices, including zip code)
215 706 5302
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
Item 1.01.    Entry into a Material Definitive Agreement
Effective December 1, 2005 (the "Effective Date"), the Company entered into
an employment agreement with Will Auchincloss as an executive officer with
the title of President, Slim and Tone Division, at an initial annual salary
of $200,000 per annum.  The agreement has a term of two years, with
automatic one-year renewal terms unless either party gives at least a
three-month advance notice of non-renewal.  Mr. Auchincloss will receive
restricted shares of the Company's common stock valued at $1,000,000, dated
as of the Effective Date and scheduled to vest in equal annual installments
over three years.  In addition to the restricted stock grant, a relocation
package and being allowed to participate in any bonus programs established
by the CEO or the Compensation Committee, Mr. Auchincloss will receive a
signing bonus of $25,000 payable on or around December 15, 2005 and
guaranteed bonuses of $25,000 on or around December 15 in each of 2006 and
2007 so long as he is an employee in good standing with the Company at the
time of any bonus payment.  If Mr. Auchincloss is terminated without cause
(with one month advance notice of termination without cause), then, in
exchange for a mutual general release, the Company will (1) pay a lump sum
severance payment in the amount equal to six months of the salary then in
effect, (2) continue group healthcare, group life and AD&D coverage for six
months, (3) reduce covenants against non-competition to a six-month period
from the termination date and (4) accelerate all unvested shares of
restricted stock granted on the Effective Date for 12 months of vesting.  A
copy of NutriSystem's press release is attached hereto as Exhibit 99.1 and
hereby incorporated by reference.
Signature(s)
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.
NUTRI SYSTEM INC DE
Date: December 06, 2005
By:
/s/    James D. Brown
James D. Brown
Executive Vice President & CFO
Exhibit Index
Exhibit No.
Description
EX-99.1
NutriSystem's Press Release