SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of report (Date of earliest event reported) August 21, 1997
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OrthoLogic Corp.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-21214 86-0585310
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(Commission File Number) (I.R.S. Employer Identification No.)
2850 South 36th Street, Phoenix, Arizona 85034
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(Address of Principal Executive Offices) (Zip Code)
(602) 437-5520
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events.
On August 21, 1997 OrthoLogic Corp., a Delaware corporation, issued a
press release, attached as Exhibit 99, reporting changes in senior management.
Such press release is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(1) Exhibits. See the Exhibit Index, which is incorporated herein by
reference, immediately following the Signature page to this Report.
(2) Financial Statements. None.
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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.
ORTHOLOGIC CORP.
August 21, 1997 By /s/ Allen R. Dunaway
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Allen R. Dunaway
Chief Financial Officer
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EXHIBIT INDEX
Filed Herewith
Exhibit No. Description of Exhibit
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99 Press release dated August 21, 1997 X
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EXHIBIT 99
FOR IMMEDIATE RELEASE
Thursday, August 21, 1997
PHOENIX, Ariz., August 21: OrthoLogic Corp. (NASDAQ: OLGC) today reported
changes in the company's senior management.
Dr. Allan M. Weinstein, chairman and chief executive officer since founding the
company in 1987, will assume the title of vice-chairman and chief executive
officer and, after a new president and chief executive officer is named, will
focus his activities exclusively on strategic business opportunities. "I'm
confident this change will ease the way to recruiting a new president/CEO by
clearly demonstrating my intention to hand over the reins," said Dr. Weinstein.
In related announcements, John M. Holliman, III was elected chairman of the
board, and Dr. Frank Magee was appointed to the post of acting president.
Holliman, a partner with Valley Ventures, is one of OrthoLogic's founding
institutional investors. Holliman said he is "actively engaged in the process of
recruiting a new president/CEO" and termed the endeavor as "among the highest
priorities for the company." Dr. Magee, who formerly held the title of executive
vice president, will address day-to-day operational issues of the company until
the new president/CEO is named. Dr. Magee joined OrthoLogic in 1989.
OrthoLogic develops, manufactures and markets proprietary technologically
advanced orthopaedic devices designed to promote the healing of musculoskeletal
tissue. Founded in 1987, the company is headquartered in Phoenix.
For information on OrthoLogic Corp. by facsimile at no cost, call 1-800-PRO-INFO
and dial client code OLGC.
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