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CHCR.OB > SEC Filings for CHCR.OB > Form 8-K on 3-Jul-2008All Recent SEC Filings

Show all filings for COMPREHENSIVE CARE CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for COMPREHENSIVE CARE CORP


3-Jul-2008

Entry into a Material Definitive Agreement


Item 1.01. Entry into a Material Definitive Agreement.

As previously disclosed in the Form 8-K on January 9, 2008, on January 4, 2008, Comprehensive Care Corporation ("CompCare") appointed John M. Hill, age 57, as the Company's President and Chief Executive Officer. On July 3, 2008, CompCare entered into a 36-month employment agreement ("Employment Agreement") with John M. Hill, commencing January 14, 2008. A copy of the Employment Agreement is attached hereto as Exhibit 10.1. Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits.

10.1   Employment Agreement effective as of January 14, 2008 between
       Comprehensive Care Corporation and John M. Hill.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Certain information included in this report on Form 8-K and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company's anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include, but are not limited to, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability of our capitated contracts, cost of care, seasonality, the Company's ability to obtain additional financing, and other risks detailed from time to time in the Company's SEC reports.


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