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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
FEBRUARY 12, 1997
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Date of Report (Date of
Earliest Event Reported)
THE CARE GROUP, INC.
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(Exact name of Registrant as specified in its Charter)
DELAWARE 0-17821 11-2962027
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
1 HOLLOW LANE
LAKE SUCCESS, NY 11042
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(Address of principal (Zip Code)
executive offices)
516/869-8383
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(Registrant's Telephone Number Including Area Code)
N.A.
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(Former Address, if changed since last Report)
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Item 5. Other Events
On February 12, 1997, Richard G. Jung, the Chief Executive Officer and a
director of The Care Group, Inc. (the "Company"), resigned from such positions
to pursue other business interests. The Company has formed an operating
committee to perform Mr. Jung's primary executive duties until such time as the
Company appoints a new Chief Executive Officer. The members of the operating
committee are Pat Celli, Chief Financial Officer and a director of the Company,
John Pappajohn, a director of the Company, and David Sengpiel.
A copy of the Company's Press Release dated February 12, 1997 announcing
Mr. Jung's resignation and the formation of the operating committee is attached
hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press Release of the Company dated February 12, 1997
announcing Mr. Jung's resignation and the formation of the
operating committee.
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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 thereunto duly authorized.
THE CARE GROUP, INC.
(Registrant)
By: /s/ Pat H. Celli
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Name: Pat H. Celli
Title: Chief Financial Officer
Dated: February 18, 1997
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INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 Press Release of the Company dated February 12, 1997
announcing Mr. Jung's resignation and the formation of
the operating committee.
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EXHIBIT 99.1
THE CARE
GROUP
NEWS
One Hollow Lane, Suite 110, Lake Success, New York 11042 -- (516) 859-8383
CONTACT:
PAT CELLI - Chief Financial Officer
(516) 869-8383
FOR IMMEDIATE RELEASE
RICHARD G. JUNG - PRESIDENT AND CHIEF EXECUTIVE OFFICER RESIGNS TO
PURSUE OTHER INTERESTS
LAKE SUCCESS, NY - February 12, 1997 -- The Care Group, Inc. (NASDAQ:CARE)
announced today that Richard G. Jung, the Chief Executive Officer and director
of the Company, has decided to resign to pursue other business interests. The
Company has implemented an operating committee to undertake Mr. Jung's primary
executive duties until such time as the Company selects a new Chief Executive
Officer. The members of the operating committee are Pat Celli, Chief Financial
Officer and a director of the Company, John Pappajohn, a director of the
Company, and David Sengpiel.
The Care Group is a leading provider of Integrated Delivery Systems for Disease
Management. Disease Management programs include Pediatrics, HIV/AIDS and
Oncology. The spectrum of services provided include Professional,
Paraprofessional, Infusion and Mail Order Medications.
This press release contains forward-looking statements. All forward-looking
statements involve risks and uncertainties, including without limitation, the
risks detailed in the Company's filings and reports with the Securities and
Exchange Commission. Such statements are only predictions and actual events or
results may differ materially.
