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UNITED STATES
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) 10/02/96
WellPoint Health Networks Inc.
(Exact Name of Registrant as Specified in Charter)
California 1-14340 95-3760980
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
21555 Oxnard Street, Woodland Hills, California 91367
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (818) 703-4000
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On October 2, 1996, WellPoint Health Networks Inc., a California
corporation (the "Company"), announced the resignation of Yon Jorden, the
Company's Chief Financial Officer, effective as of December 31, 1996. A copy
of the Company's press release issued October 2, 1996 is attached as Exhibit
99.1 to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(C) EXHIBITS
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Exhibit No. Exhibit
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<S> <C>
99.1 Press release issued October 2, 1996.
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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.
Dated: October 2, 1996
WELLPOINT HEALTH NETWORKS INC.
By: /s/ LEONARD D. SCHAEFFER
--------------------------------
Name: Leonard D. Schaeffer
Title: Chief Executive Officer and
President
3
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EXHIBIT INDEX
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Exhibit No. Description
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<S> <C>
99.1 Press Release dated October 2, 1996.
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PRESS RELEASE
Exhibit 99.1
[LOGO]
FOR IMMEDIATE RELEASE OCTOBER 2, 1996
INVESTOR CONTACT: John Cygul MEDIA CONTACT: Cynthia Coulter
(818) 703-4321 (818) 703-3046
WELLPOINT CHIEF FINANCIAL OFFICER
PLANS TO PHASE OUT OF COMPANY
JORDEN WILL CONTINUE AS CHIEF FINANCIAL OFFICER THROUGH EXTENDED TRANSITION
PERIOD
WOODLAND HILLS, CA - Leonard D. Schaeffer, chairman and chief executive
officer of WellPoint Health Networks Inc. (NYSE:WLP) today announced the
resignation of Yon Y. Jorden, WellPoint's chief financial officer, effective at
the end of 1996. As part of an orderly transition process, Jorden will remain
CFO until December 31, 1996 and provide consulting services in 1997.
"After working tirelessly for us over the last six years, Yon has
decided to leave WellPoint for personal reasons," said Schaeffer. "Yon has been
an essential member of our senior management team and has played a key role in
our development, including WellPoint's initial public offering in 1993 and the
Company's recently completed recapitalization transaction. She is truly an
outstanding professional and we wish her well in future endeavors," said
Schaeffer.
WellPoint Health Networks Inc. is one of the nation's largest
publicly-traded managed health care companies, serving the health care needs of
over 4.2 million medical members. The Company offers a comprehensive array of
network health plans provided through its health maintenance organization,
preferred provider organization, and specialty managed health care networks.
Specialty products include pharmacy benefit management, dental, vision, mental
health, life and disability insurance, flexible spending accounts, Medicare
supplement, and workers' compensation.
