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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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):
September 23, 1998 (September 22, 1998)
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PHYCOR, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0-19786 62-13344801
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(State or Other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification
Incorporation) Number)
30 Burton Hills Boulevard
Suite 400
Nashville, Tennessee 37015
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(Address of principal executive offices) (Zip Code)
(615) 665-9066
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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Page 1 of 4 pages
Exhibit Index located on Page 4
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ITEM 5. OTHER EVENTS.
On September 22, 1998, PhyCor, Inc., a Tennessee corporation
(the "Company"), issued a press release announcing a reduction in the Company's
targeted earnings per share for the third and fourth quarters of 1998, an
increase in the previously announced asset impairment charge in the third
quarter of 1998, the adoption of a common stock repurchase program, a change
from the pooling-of-interests method to the purchase method of accounting of two
acquisitions resulting in increased amortization expense and a reduction in
expected earnings growth in 1999. A copy of the press release is attached hereto
as Exhibit 99 and is incorporated by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) Financial Statements of Business Acquired.
None required
(b) Pro Forma Financial Information.
None required
(c) Exhibits.
99 Form of press release issued by the Company on
September 22, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PHYCOR, INC.
By: /s/ Joseph C. Hutts
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Joseph C. Hutts
Chairman, Chief Executive Officer
and President
Date: September 23, 1998
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION OF EXHIBITS
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99 Form of press release issued by the Company on
September 22, 1998.
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