SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): April 18, 1996
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Healthplex, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware 0-14236 11-2714365
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
No.)
60 Charles Lindbergh Blvd., Uniondale, New York 11553
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 794-3000
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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Pursuant to a Board of Directors resolution adopted by
unanimous written consent, dated as of April 17, 1996, the Board
approved a stock repurchase program pursuant to which the Company
may, from time to time over the next 12 months, buy up to 100,000
shares of the Company's common stock on the open market through
Rule 10b-18 purchases. In connection therewith, the Company
issued a press release on April 18, 1996.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits.
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(c) Exhibits.
20. Press Release dated April 18, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
HEALTHPLEX, INC.
Dated: April 18, 1996 By: /s/ Martin Kane
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Name: Martin Kane
Title: Co-Chief Executive
Officer
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EXHIBIT INDEX
Exhibit Description
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20 Press Release
Exhibit 20
For Release: Immediately
Contact: Joanne Malin
516-794-3000
PRESS RELEASE
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HEALTHPLEX, INC. ANNOUNCES
STOCK BUYBACK PROGRAM
Uniondale, New York, April 18, 1996 --- HEALTHPLEX, INC. (NASDAQ:
HPLX) today announced that it intends, from time to time over the
next 12 months, to buy up to 100,000 shares of Healthplex common
stock on the open market through Rule 10b-18 purchases.
Healthplex's management believes that a stock repurchase program
is an attractive use of the Company's cash reserves, especially
with the stock price at its current level.
Healthplex provides marketing, claims processing, electronic data
processing, printing and related services to certain dental
health companies, and administrative services to certain dental
plans, and is also engaged in the development and marketing of
innovative document and computer imaging systems.
