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 23, 1997 CONTINENTAL CHOICE CARE, INC. (Exact name of Registrant as specified in Charter) New Jersey 0-24542 22-3276736 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 25-B Vreeland Road, Florham Park, New Jersey 07932 (Address of principal executive office) (Zip Code) Registrant's telephone number including area code: (201) 593-0500 Not Applicable (Former name and former address, as changed since last report) Item 5. Other Events. On May 23, 1997, (i) the Registrant and substantially all of its subsidiaries (collectively, the "Company Sellers"), other than Renal Management, Inc., (ii) Alpha Administration Corp. ("Alpha"), (iii) Continental Dialysis Center of the Bronx, Inc. ("CDBI") and (iv) IHS of New York, Inc., executed an amendment (the "Amendment") to the Asset Purchase Agreement among the parties dated February 12, 1997 (the "Purchase Agreement"). The Amendment contains substantially the same terms as those described in the Registrant's definitive proxy materials dated April 28, 1997. At the 1997 annual meeting of the shareholders of the Registrant held on May 27, 1997, the shareholders approved the sale of substantially all of the assets of the Registrant and certain of its subsidiaries to IHS of New York, Inc. pursuant to the terms of the Purchase Agreement, as amended. In addition, the shareholders elected Alvin S. Trenk, Steven L. Trenk, Martin G. Jacobs, Jeffrey A. Claman and Jeffrey B. Mendell as directors of the Registrant, approved the Registrant's 1997 Equity Incentive Plan and ratified the appointment of Arthur Andersen, LLP as the Registrant's independent public accountants for the fiscal year ended December 31, 1997. 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. Continental Choice Care, Inc. (Registrant) Dated: May 29, 1997 By: -------------------------------- Steven L. Trenk, President Exhibit Index Exhibit Number Description 10.45 Amendment dated May 23, 1997 to Asset Purchase Agreement dated February 12, 1997, by and among Registrant, Continental Dialysis, Inc., Choice Care, Inc.,CDBI, Choice Staffing, Inc., Dialysis Staffing, Inc., Choice Care Infusion Services, Inc. (Delaware), Choice Care Infusion Services, Inc. (New York), Alpha, UMDC and IHS of New York, Inc.