ITEM 8.01 OTHER EVENTS. On May 22, 2006, Abaxis, Inc., announced today that Henry Schein, Inc. and Abaxis have agreed to terminate its veterinary products distribution agreement. A copy of the press release is attached hereto as Exhibit 99.1. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) EXHIBITS. The following exhibit is furnished with this report on Form 8-K: EXHIBIT NO. DESCRIPTION ----------- ------------------------------------------------------------ 99.1 Press release dated May 22, 2006 2 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. Date: May 22, 2006 ABAXIS, INC. By: /s/ Alberto Santa Ines ----------------------------------- Alberto Santa Ines Vice President, Finance and Chief Financial Officer 3