SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 14(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 12, 1997
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AVESIS INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 0-15304 86-0349350
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3724 North Third Street, Suite 300
Phoenix, Arizona 85012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (602) 241-3400
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100 West Clarendon Avenue, Suite 2300, Phoenix, Arizona 85013
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 12, 1997 the Company's Board of Directors agreed to extend
the term of the Company's Management Agreement with National Health Enterprises,
Inc. ("NHE") to March 18, 2003. The Management Agreement provides that NHE will
manage substantially all aspects of the Company's business, subject to certain
limitations and the direction of the Company's Board of Directors. The
Management Agreement was originally effective March 18, 1993 and had an initial
term of five years. Also effective March 18, 1998, the Company's Board of
Directors agreed to increase the cash compensation paid to NHE under the
Management Agreement by $50,000 per year to $250,000 per year. NHE is owned by
Kenneth L. Blum, Jr., the son of the Company's President and CEO.
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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.
AVESIS INCORPORATED
(Registrant)
Dated: December 23, 1997 By /s/ Joel H. Alperstein
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Joel H. Alperstein
Director of Finance and Treasurer
(Principal Financial Officer)
