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): September 1, 2005

                           Orthofix International N.V.
             (Exact name of Registrant as specified in its charter)

    Netherlands Antilles               0-19961                    N/A
(State or other jurisdiction   Commission File Number      (I.R.S. Employer
     of incorporation)                                   Identification Number)

                             7 Abraham de Veerstraat
                            Netherlands Antilles                N/A
               (Address of principal executive offices)      (Zip Code)

     Registrant's telephone number, including area code: 011-59-99-465-8525

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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

[ ] 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))

Section 1.        Registrant's Business and Operations.

Item 1.01.        Entry into a Material Definitive Agreement.

         On September 1, 2005, Orthofix, Inc. (the "Company") entered into a
Change of Control Agreement (the "Agreement") with Mr. Alan W. Milinazzo (the
"Employee").  The Agreement provides that if, during the Employee's employment
with the Company, the Employee's employment is terminated by the Company without
"cause" prior to or during a "change of control period" or the Employee resigns
for "good reason" during a "change of control period" (as such terms are defined
in the Agreement), the Employee will be entitled to the following payments and
benefits described generally below:

o        The Employee will be entitled to a lump sum severance payment equal to
         the sum of the Employee's average annual base salary.  The lump sum
         severance payment will be paid within thirty (30) days after the
         Employee's termination of employment or resignation for "good reason".

o        In addition to any stock options previously granted to the Employee
         that immediately prior to the two termination events described above
         were vested and exercisable, he will have immediate vesting of, and the
         immediate right to exercise, 10,000 stock options previously granted to
         him.  The Employee must advise the Company in writing within thirty
         (30) days of his date of termination which outstanding stock options he
         elects for such accelerated vesting and exercisability.

o        The Employee will be entitled to continuation or provision of basic
         employee group benefits that are welfare benefits (but not pension,
         retirement or similar compensatory benefits) for him and his dependents
         substantially similar to those they are receiving or to which they are
         entitled immediately prior to the Employee's termination of employment
         for the lesser of one year after termination or until the Employee
         secures new employment.

The Agreement also contains a non-competition restrictive covenant for the
one-year period following the Employee's termination of employment with the
Company and any of its affiliates (whichever is last) if he has received, or is
receiving, any payments or benefits pursuant to the Agreement.

In connection with the Employee's employment, the Company further agreed to
provide him with the salary, bonus and benefits described generally below, which
salary, bonus and benefits are subject to modification from time to time:

o        an annual base salary of $340,000 per year to be paid pursuant to the
         Company's customary payroll practices;

o        a bonus of up to 45% per year payable in the following fiscal year
         based on the achievement of bonus criteria to be established by the
         Compensation Committee of the Orthfix International N.V. Board and as
         will be determined from time to time by such committee; and

o        a grant of 60,000 stock options in Orthofix  International N.V. to be
         granted under the Orthofix International N.V. 2004 Long Term Incentive
         Plan, which stock options will vest in annual increments of 20,000
         beginning on the first anniversary of the Employee's date of

         A copy of the Agreement is attached hereto as Exhibit 10.1 and
incorporated herein by reference, and the foregoing description should be read
in conjunction with such exhibit.

Section 5.        Corporate Governance and Management.

Item 5.02         Departure of Directors or Principal Officers; Election of
                  Directors; Appointment of Principal Officer.

         On September 6, 2005, Orthofix International N.V. issued a press
release announcing that it has appointed Alan W. Milinazzo as Chief Operating
Officer, effective September 1, 2005. Mr. Milinazzo, 45, joins the Company from
Medtronic Inc., where he was Vice President of Medtronic's Vascular business
from September 2002 to September 2005. Prior to that he was Vice President of
North American Field Operations from May 2001 to September 2002 at Aspect
Medical Systems, and President at North Point Domain from August 2000 to
February 2001. Mr. Milinazzo also spent 12 years as an executive with Boston
Scientific Corporation in numerous roles.

         Mr. Milinazzo's appointment to the position of Chief Operating Officer
is not subject to the terms of an employment agreement.

         A copy of the press release announcing Mr. Milinazzo's appointment is
attached to this report as Exhibit 99.1 and is incorporated herein by reference.

(d)      Exhibits:

Exhibit No.                         Description of Document
-----------                         -----------------------

10.1                                Change of Control Agreement between
                                    Orthofix, Inc. and Alan W. Milinazzo,
                                    dated September 1, 2005.

99.1                                Press release of Orthofix International N.V.
                                    dated September 6, 2005.


         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.

                                        ORTHOFIX INTERNATIONAL N.V.

                                        By: /s/ Thomas Hein
                                        Name:  Thomas Hein
                                        Title: Chief Financial Officer

Date:    September 8, 2005