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 17, 1999
LCA-Vision Inc.
(Exact name of Registrant as specified in its Charter)
Delaware 0-27610 11-2882328
(State or other (Commission (IRS Employer
jurisdiction File No.) Identification Number)
of incorporation)
7840 Montgomery Road, Cincinnati, Ohio 45236
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513)792-9292
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
The Board of Directors of LCA-Vision Inc. ("Company") declared the
payment of the cumulative unpaid dividend on its Class B Preferred
Stock First and Second Interim Series to the holders of record on
July 31, 1999. The total dividend paid was $462,002.88.
Subsequently, the holders of the Class B Preferred Stock First and
Second Interim Series converted the 12.6 shares issued and
outstanding into 720,478 restricted shares of LCA-Vision Inc.
common stock. The Class B Preferred Stock First and Second Interim
Series was retired.
At June 30, 1999, the Company owned 45% of The Baltimore Laser
Sight Center, Ltd. ("BLSC"), a limited liability company that
operates laser vision correction centers in Baltimore and
Annapolis, Maryland. In July 1999, two other investees, owning
approximately 53%, resigned as members and their ownership
interests were redeemed by BLSC. This redemption increased the
Company's ownership to approximately 97%. The Company will begin
consolidating the results of BLSC beginning July 1999. Prior to
the redemption of membership interests the Company accounted for
its investment in BLSC using the equity method.
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.
LCA-VISION INC.
Date: August 23, 1999 By:/s/Larry P. Rapp
-----------------------------
Larry P. Rapp,
Chief Financial Officer
