<PAGE> 1
================================================================================
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): OCTOBER 3, 1997
(SEPTEMBER 29, 1997)
COMPREHENSIVE CARE CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-5751 95-2594724
- ---------------------------- ------------------------ --------------------
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
1111 BAYSIDE DRIVE, SUITE 100
CORONA DEL MAR, CALIFORNIA 92625
----------------------------- -----
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (714) 222-2273
----------------------------------
================================================================================
<PAGE> 2
ITEM 5. OTHER EVENTS.
------------
In connection with the implementation of the Registrant's plan to relocate
certain principal financial functions from the Registrant's principal offices
in Newport Beach, California to the offices of Comprehensive Behavioral Care,
Inc., a principal subsidiary of the Registrant in Tampa, Florida, Ms. Kerri
Ruppert, Senior Vice President and Chief Financial Officer of the Registrant,
was separated from the Registrant effective September 29, 1997.
On September 30, 1997, the Registrant elected Ms. Carol Pollack as its
interim Chief Financial Officer. Ms. Pollack will discharge the usual and
customary duties as Chief Financial Officer of the Registrant and oversee,
direct and implement the transition of certain core financial functions to
Tampa, Florida. Prior to her appointment, Ms. Pollack was an independent
consultant in the managed care industry. From March 1993 to March 1996, she
served as Vice President - Securities Management System Project for CIGNA
Investment Management, the investment subsidiary of CIGNA Corporation, and from
December 1989 to March 1996, she was Vice President - Investment Accounting of
CIGNA Investment Management and, for 10 years prior thereto, had various
financial positions with CIGNA Corporation. Ms. Pollack is a certified public
accountant.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
--------------------------------------
On September 30, 1997, Wm. James Nicol resigned as a Class III Director of
the Registrant. Mr. Nicol's resignation was for personal reasons and was not
as a result of any dispute or disagreement with the Registrant. The Board
determined that, for the present time, it would not seek to fill the vacancy
created by reason of Mr. Nicol's resignation, and reduced the number of
directors comprising the entire Board from six in number to five in number, of
which two are Class I Directors, two are Class II Directors and one is a Class
III Director. Messrs. William H. Boucher, J. Marvin Feigenbaum, John A.
McCarthy, Jr., A. Richard Pantuliano and Chriss W. Street continue to serve as
Directors of the Registrant.
-2-
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
COMPREHENSIVE CARE CORPORATION
By: /s/ Chriss W. Street
-----------------------------------
Chriss W. Street
Chairman, President and
Chief Executive Officer
Date: October 3, 1997
-3-
