-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KJARypIlIdA1IiM+k0iLwgvM84su4JXQ8M2K+h8jf1lk3AR6tVKyL1VCaQ4AA5V3 EsKSorSDS+pT2ATrty0MMQ== 0000950133-98-002212.txt : 19980604 0000950133-98-002212.hdr.sgml : 19980604 ACCESSION NUMBER: 0000950133-98-002212 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980603 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980603 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPLETE WELLNESS CENTERS INC CENTRAL INDEX KEY: 0001022828 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 521910135 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22115 FILM NUMBER: 98641946 BUSINESS ADDRESS: STREET 1: 725 INDEPENDENCE AVE SE CITY: WASHINGTON STATE: DC ZIP: 20003 BUSINESS PHONE: 2025436800 MAIL ADDRESS: STREET 1: 725 INDEPENDENCE AVE SE CITY: WA STATE: DC ZIP: 20003 8-K 1 COMPLETE WELLNESS CENTERS, INC. FORM 8-K 1 1 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: June 3, 1998 COMPLETE WELLNESS CENTERS, INC. - ------------------------------------------------------------------------------- (Exact Name of Registrant as specified in its Charter) Delaware 52 - 1910135 - ------------------------------------------------------------------------------ (State or other jurisdiction (Commission File No.) (I.R.S. Employer or corporation) Identification No.) 666 11th Street, NW, Suite 200 Washington, D.C. 20001 - ------------------------------------------------------------------------------ (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code: (202) 639-9700 ----------------- N/A - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) 2 2 ITEM 5. OTHER EVENTS On May 26, 1998, Complete Wellness Centers, Inc. ("CWC" or the "Company") held its annual shareholders meeting. The shareholders elected seven (7) directors, approved an Outside Directors Stock Option Plan, modified the active Stock Option Plans to add a change of control provision and a cashless exercise provision and ratified Ernst & Young as the independent auditors for 1998. One new director, Dr. Sergio Vallejo, was nominated from the floor and elected to fill the full authorized slate of directors. ITEM 7. EXHIBIT Exhibit 20. Copy of the press release dated June 1, 1998 Pursuant to the requirements of the Securities and Exchange Act of 1934, Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. COMPLETE WELLNESS CENTERS, INC. Date: June 3, 1998 By: /s/ Eugene Sharer --------------------------- Eugene Sharer, President EX-20 2 PRESS RELEASE DATED JUNE 1, 1998 1 [COMPLETE WELLNESS CENTERS INC. LETTERHEAD] Contact: C. Thomas McMillen, Chairman and C.E.O. -or- Investor Relations Counsel Complete Wellness Centers, Inc. The Equity Group Inc. (202) 639-9700 Linda Latman (212) 836-9609
SERGIO R. VALLEJO, D.M.D. ELECTED TO COMPLETE WELLNESS CENTERS BOARD OF DIRECTORS WASHINGTON, D.C.- June 1, 1998 - Complete Wellness Centers, Inc. ("CWC"), a multi-disciplinary healthcare services company, today announced that Sergio R. Vallejo, D.M.D., has been elected to the Company's Board of Directors. With this addition, there are now seven directors serving on Complete Wellness Centers' Board of Directors. From 1996-1998, Dr. Vallejo, age 34, was Director of Pharmacy Operations in Florida for Sunscript Pharmacy Corporation, a subsidiary of Sun Healthcare, where he grew revenues by 250% and profits by 350%. Dr. Vallejo joined Sunscript after selling the institutional pharmacy that he founded eight years earlier, PVM Prescription Center, to Sun Healthcare. PVM, under Dr. Vallejo's leadership went on to earn the distinguished Sunscript Pharmacy of the Year award in 1997. He also established a new, and what was to become a thriving pharmacy, for the Sunscript national chain. Dr. Vallejo earned his Bachelor of Science degree in chemistry from the University of South Florida in 1985. While he was in dental school at the University of Florida, he established PVM Prescription Center. In 1989, Dr. Vallejo merged three successful dental practices into one. Following the merger, he reduced overhead expenses, increased efficiency, expanded the practice's patient base and grew both the top and bottom lines. Dr. Vallejo is also a Director of Universal Building Specialists, a Florida building contractor. His other business interests include ownership in Transworld Senior Services, an assisted living facility development firm, and S&S Enterprises, a real estate company. He is a member of the American Dental Association, the Florida Dental Association and the West Coast Dental Association. - more - 2 COMPLETE WELLNESS CENTERS, INC. NEWS RELEASE Page 2 June 1, 1998 C. Thomas McMillen, Chairman and Chief Executive Officer of Complete Wellness Centers, stated, "Dr. Vallejo brings to our Board strong business and financial management expertise along with a solid foundation of education, training and practical work experience in the medical industry. We were impressed by his team-spirited leadership, solid organizational skills and pragmatic management style, which have defined his success and resulted in the rapid growth of each business venture he has undertaken. We are confident that Dr. Vallejo will make a lasting contribution to our Company's future success." Complete Wellness Centers, Inc., a multi-disciplinary health services company, develops traditional and alternative provider networks, integrated medical centers, and related products focused on patient wellness. Its common stock and warrants trade on the NASDAQ Small Cap market under the symbols, CMWL and CMWLW, respectively. This release contains forward-looking statements regarding the plans or objectives of the Company for future operations, including development of the multi-disciplinary medical centers. The forward-looking statements included herein are based on current expectations that involve some uncertainties. Actual results may differ materially from those projected in such forward-looking statements. ###
-----END PRIVACY-ENHANCED MESSAGE-----