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): February 7, 2003 ---------------- ESSENTIAL REALITY, INC. (Exact name of registrant as specified in its charter) Nevada 000-32319 33-0851302 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 49 West 27th Street, Suite 7E, New York, New York 10001 ------------------------------------------------------- Address of principal executive offices Registrant's telephone number, including area code: 212-244-3200 ------------ ______________________________________________________ (Former name or former address, if changed since last report.) Item 5. Other Events and Regulation FD Disclosure. ----------------------------------------- On February 7, 2003, Essential Reality, Inc. (the "Company") announced the departure of Steven T. Francesco, the Company's Chief Executive Officer and a member of the Board of Directors. A copy of the press release relating to the foregoing is set forth as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. --------------------------------- (c) Exhibit Number Description -------------- ------------ 99.1 Press Release dated February 7, 2003. SIGNATURE --------- 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. ESSENTIAL REALITY, INC. Dated: February 13, 2002 By: /s/ Humbert B. Powell _____________________________ Name: Humbert B. Powell Title: Chairman of the Board of Directors EXHIBIT INDEX ------------- The following exhibits are filed with this 8-K: 99.1 Press Release dated February 7, 2003.