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) December 11, 1997
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MAXICARE HEALTH PLANS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-12024 95-3615709
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(State or other jurisdiction (Commission (IRS Employer
of incorporation or File Number) Identification No.)
organization)
1149 South Broadway Street, Los Angeles, California 90015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213) 765-2000
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Item 5. Other Events.
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On December 11, 1997 the Registrant's Board of Directors
terminated Eugene Froelich as the Registrant's Executive
Vice President, Finance and Administration and Chief
Financial Officer and elected Richard Link to those
positions. Mr. Froelich's employment with the Registrant
and as an officer and director of the Registrant's
subsidiaries pursuant to the Restated Employment Agreement
dated as of April 1, 1996, as amended, was also terminated
as of such date.
Registrant's Press Release, dated December 12, 1997, is
attached as an Exhibit hereto and is incorporated herein by
reference.
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Item 7. Financial Statements, Pro Forma Financial Information and
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Exhibits.
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(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
Exhibit No. 99.6 - Press release reporting the
appointment of Richard Link as Executive Vice
President and Chief Financial Officer of the Company.
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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.
Maxicare Health Plans, Inc.
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(Registrant)
December 16, 1997 /s/ RICHARD A. LINK
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Richard A. Link
Executive Vice President and
Chief Financial Officer
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Exhibit 99.6
RICHARD LINK APPOINTED EXECUTIVE VICE PRESIDENT
AND CHIEF FINANCIAL OFFICER
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LOS ANGELES, December 12, 1997 --- MAXICARE HEALTH PLANS,
INC.(NASDAQ-NMS: MAXI) Peter Ratican, Chairman of the Board and
Chief Executive Officer announced today the appointment of Richard
Link as Executive Vice President and Chief Financial Officer of the
Company. Mr. Link replaces Eugene Froelich. Mr. Link, a certified
public accountant, has served as the Company's Senior Vice
President and Chief Accounting Officer for over nine years.
Previously, he was senior audit manager at Price Waterhouse.
Mr. Ratican noted "Gene Froelich has been a very capable
executive who has rendered invaluable services to the Company
during his eight plus year tenure and we wish him well in his
future endeavors. While we will miss Mr. Froelich's energy and
insight; the Company is fortunate to have such a capable and
qualified executive available in Mr. Link to replace Mr. Froelich.
Having worked closely with Mr. Link over the years, I am confident
that he will do a superb job in his new position."
Maxicare is a managed health care company that operates in
seven states, serving members in California, Indiana, Illinois,
Louisiana, North Carolina, South Carolina and Wisconsin.
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