UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 17, 2000
OXFORD HEALTH PLANS, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 0-19442 06-1118515
- --------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction) File Number) Identification
of incorporation) No.)
48 MONROE TURNPIKE, TRUMBULL, CONNECTICUT 06611
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(203) 459-7000
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
1
<PAGE>
ITEM 5. OTHER EVENTS.
The Company's Press Release dated May 17, 2000 is attached as an
Exhibit hereto and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99 Press Release dated May 17, 2000.
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.
OXFORD HEALTH PLANS, INC.
Date: May 26, 2000 By: /s/ KURT B. THOMPSON
------------------------------
Kurt B. Thompson
CHIEF FINANCIAL OFFICER
2
<PAGE>
OXFORD HEALTH PLANS, INC. AND SUBSIDIARIES
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Page
Number Description of Document Number
- ------ -------------------------------- ------
<S> <C> <C>
99 Press Release dated May 17, 2000 4
</TABLE>
3
EXHIBIT 99
MEDIA CONTACT: MARIA GORDON SHYDLO
(203) 459-7674
INVESTOR CONTACT: DEBORAH ABRAHAM
(203) 459-6674
FOR IMMEDIATE RELEASE
OXFORD HEALTH PLANS, INC.
PREPAYS REMAINING $131 MILLION OF TERM LOAN
TRUMBULL, CONNECTICUT, MAY 17, 2000. Oxford Health Plans, Inc.
(NASDAQ: OXHP) today announced that it has retired the remaining $131 million
balance of its bank term loan three years prior to its due date. Pursuant to the
May 13, 1998 term loan agreement, this pre-payment included a premium of 2.5%,
bringing the total payment to $134.3 million. As part of a previously announced
initiative, Oxford Health Plans, Inc. received dividend and surplus note
repayments from its New York HMO subsidiary totaling $128 million during the
current quarter.
Founded in 1984, Oxford Health Plans (www.oxhp.com) provides health
plans to employers in New York, New Jersey and Connecticut, through its direct
sales force and through independent insurance agents and brokers. Oxford's
services include traditional health maintenance organizations, point-of-service
plans, third-party administration of employer-funded benefit plans and
Medicare+Choice plans.
###
