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) August 6, 1998
MEDCARE TECHNOLOGIES, INC.
--------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 0-28790 87-0429962B
- -------- ------- -----------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1515 West 22nd Street, Oak Brook, Illinois 60523
- ------------------------------------------ -----
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code (800) 611-3388
--------------
(Former name or former address, if changed since last report.)
<PAGE>
ITEM 6. Resignations of Registrant's Director's
On August 6, 1998, a meeting of the Board of Directors was held at the
Company's Canadian offices. A copy of the minutes of this meeting are attached
hereto as Exhibit A. At this meeting, Kundan S. Rayat resigned as Secretary,
Treasurer and a Director of the Company and Valerie Boeldt-Umbright resigned as
a Director of the Company. Both Mr. Rayat and Ms. Boeldt- Umbright resigned for
personal reasons. Gregory Wujek was then elected to the Board of Directors and
was named the new Secretary and Treasurer.
At this same meeting, Harmel S. Rayat resigned as the Chief Executive
Officer of the Company and Jeffrey S. Aronin was elected to replace him. Harmel
Rayat will remain as a Director and Chairman of the Board.
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.
MEDCARE TECHNOLOGIES, INC.
/s/ Jeffrey S. Aronin
---------------------
Jeffrey S. Aronin, President and CEO
Date: October 7, 1998
---------------
<PAGE>
MINUTES OF DIRECTORS' MEETING
OF
MEDCARE TECHNOLOGIES, INC.
A meeting of the Board of Directors of MedCare Technologies, Inc. was held
on the 6th day of August, 1998 at 7:00 a.m. at the offices located at 1628 West
1st Avenue, Suite 216, Vancouver, British Columbia, V6J 1G1, Canada.
There present and participating at the meeting, either in person or
telephonically, were Harmel S. Rayat, Jeff Aronin, Michael M. Blue, Kundan S.
Rayat and Valerie Boeldt-Umbright, being the majority of Directors of the
Company. Absent was Jake Jacobo. Telephonically attending as an invited guest
was Greg Wujek. Jeff Aronin, the President of the Company, chaired the meeting.
Kundan S. Rayat, the Secretary, read the minutes of the last regular meeting and
they were approved.
The first item of business brought before the Board was regarding the
resignations of Kundan S. Rayat as Director, Secretary and Treasurer and of
Valerie Boeldt-Umbright as a Director. After a short discussion, it was agreed
that the resignations of Kundan S. Rayat as Director, Secretary and Treasurer
and of Valerie Boeldt-Umbright as Director be accepted, said resignations to be
effective immediately. Upon motion duly made, seconded and unanimously carried
with all in favor, it was;
RESOLVED, that the resignations of Kundan S. Rayat as Secretary, Treasurer
and Director and of Valerie Boeldt-Umbright as Director be accepted.
FURTHER RESOLVED, that the said resignations be effective immediately.
The second item of business brought before the Board was the appointment of
a new Director and a new Officer of the Company. After a short discussion, it
was agreed that Greg Wujek be elected as a Director and act as the Company's
Secretary and Treasurer, effective immediately. Upon motion duly made, seconded
and unanimously carried with all in favor, it was;
RESOLVED, that Greg Wujek be elected as a Director of the Company and act
as the Company's Secretary and Treasurer.
FURTHER RESOLVED, that said appointment as a Director and Officer of the
Company be effective immediately.
The last item of business brought before the Board was the appointment of a
new Chief Executive Officer of the Company. After a short discussion, it was
agreed that Jeff Aronin be the Chief Executive Officer of the Company, replacing
Harmel S. Rayat, effective immediately. Upon motion duly made, seconded and
unanimously carried with all in favor, it was;
RESOLVED, that Jeff Aronin be the Chief Executive Officer of the Company,
effective immediately.
<PAGE>
FURTHER RESOLVED, that Harmel S. Rayat remain as a Director and the
Company's Chairman.
There being no further business, and upon motion duly made and seconded,
the meeting was adjourned.
/s/ Greg Wujek
- --------------
Greg Wujek, Secretary
<PAGE>
