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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 earliest event reported): May 8, 1996
HEALTHCARE IMAGING SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-19636 22-3119929
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
200 Schulz Drive, Middletown, New Jersey 07701
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 224-9292
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On May 8, 1996, Healthcare Imaging Services, Inc. (the
"Company") issued a press release (the "Press Release") regarding the outcome
of its 1996 Annual Meeting of Stockholders held on May 2, 1996. A copy of the
Press Release is attached hereto as an exhibit and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press Release of Healthcare Imaging Services, Inc. dated
May 8, 1996.
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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.
HEALTHCARE IMAGING SERVICES, INC.
(Registrant)
Dated: May 13, 1996 By: /s/ Elliott H. Vernon
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Elliot H. Vernon
Chairman of the Board,
President and
Chief Executive Officer
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INDEX TO EXHIBITS
EXHIBIT NO. PAGE NO.
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99.1 Press Release of Healthcare Imaging Services, Inc.
dated May 8, 1996
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PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT: Elliott H. Vernon
Chairman of the Board and
Chief Executive Officer
(908) 224-9292
HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES
STOCKHOLDER APPROVAL OF PROPOSALS
Middletown, New Jersey - May 8, 1996 - HealthCare Imaging Services,
Inc. (NASDAQ:HISS) announced today that at its 1996 Annual Meeting of
Stockholders held on Thursday, May 2, 1996, the stockholders overwhelmingly
approved: An increase in the number of authorized shares of Common Stock from
9,000,000 to 50,000,000; The private placement of an aggregate of 660,000
shares of the Company's Series C Convertible Preferred Stock, which are
convertible into an aggregate of 4,620,000 shares of Common Stock; The grant
of stock options and a restricted stock award to Elliott H. Vernon (the
Company's Chairman and Chief Executive Officer); and The adoption of the
Company's 1996 Stock Option Plan for Non-Employee Directors. In addition,
Elliott H. Vernon, Joseph J. Raymond, Jerold L. Fisher, George Braff, M.D.,
Shawn A. Freidkin, Mitchell Hymowitz and Dominic A. Polimeni were elected as
directors of the Company.
It is anticipated that the net proceeds from such sale will be used
for general corporate purposes, which may include the acquisition of
businesses complementary to the Company's current business, other healthcare
related businesses or non-healthcare related businesses. As of the date
hereof, the Company does not have any agreements, understandings or
arrangements with respect to any such acquisitions.
(Continued on next page)
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HealthCare Imaging Services, Inc. is a healthcare management and
services company, specializing in magnetic resonance imaging, that provides
state-of-the-art healthcare equipment, facilities and services to physicians,
hospitals, and other healthcare providers. The Company currently owns and
operates five fixed-site imaging centers in New York, New Jersey and
Pennsylvania.
(End)
