HALLMARK HEALTHCARE CORP
10-C, 1994-08-17
GENERAL MEDICAL & SURGICAL HOSPITALS, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC  20549

                                    FORM 10-C

                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM
                  FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                              OR 15d-17 THEREUNDER


                         HALLMARK HEALTHCARE CORPORATION
- - -------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)


               300 GALLERIA PARKWAY, SUITE 650, ATLANTA, GA 30339
- - -------------------------------------------------------------------------------
                    (Address of principal executive offices)


Issuer's telephone number, including area code: (404) 933-5500
                                                -------------------------------

                    I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:

1.   Title of security: Class A Common Stock
                        -------------------------------------------------------

2.   Number of shares outstanding before the change: 3,004,961
                                                     --------------------------

3.   Number of shares outstanding after the change: 3,179,764
                                                    ---------------------------

4.   Effective date of change: August 15, 1994
                               ------------------------------------------------

5.   Method of change:   Specify method (such as merger, acquisition, exchange,
                         distribution, stock split, reverse split, acquisition
                         of stock for treasury, etc.)

Distribution
- - -------------------------------------------------------------------------------

Give brief description of transaction: Increase due to Company's issuance of
                                       ----------------------------------------
174,803 shares of Class A Common Stock pursuant to its Long-Term Cash Incentive
- - -------------------------------------------------------------------------------
Plan - 1990, as amended.
- - ------------------------

                          II. CHANGE IN NAME OF ISSUER

1.   Name prior to change: N/A
                           ----------------------------------------------------

2.   Name after change: N/A
                        -------------------------------------------------------

3.   Effective date of charter amendment changing name: N/A
                                                        -----------------------

4.   Date of shareholder approval of change, if required: N/A
                                                          ---------------------

Date August 16, 1994                  /s/ Peter J. Pizzo, III, Treasurer
     ----------------------------     -----------------------------------------
                                      (Officer's signature and title)


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