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 the earliest event reported): OCTOBER 29, 1997
STANDARD MANAGEMENT CORPORATION
(Exact name of registrant as specified in its charter)
Indiana 0-20882 35-1773567
(State or other jurisdication (Commission File Number) (IRS Employer
of incorporation) Identification No.)
9100 Keystone Crossing, Indianapolis, Indiana 46240
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 574-6200
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On October 8, 1997, Standard Management Corporation ("SMC") and
Central Reserve Life Corporation, an Ohio corporation ("Central Reserve"),
announced that they had signed a letter of intent and that they were
engaged in discussions for a proposed merger (the "Proposed Merger") of a
wholly-owned subsidiary of SMC with and into Central Reserve, with Central
Reserve surviving as a wholly-owned subsidiary of SMC.
On October 29, SMC and Central Reserve announced that they had
terminated discussions with respect to the Proposed Merger.
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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.
STANDARD MANAGEMENT CORPORATION
(Registrant)
Date: OCTOBER 29, 1997 By: RONALD D. HUNTER
Ronald D. Hunter
Chairman of the Board, President and
Chief Executive Officer
