FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 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): November 10, 1997 PARAMARK ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Delaware 0-23026 22-3261564 (State of other jurisdictions (Commission file number) (IRS Employer of incorporation) Identification No.) 135 Seaview Drive Secaucus, NJ 07094-3618 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (201) 422-0910 Item 5. Other Events In November 1997, the Companys Board of Directors authorized 20,000 shares of Series B Preferred Stock with rights, preferences and privileges as set forth in the Series B Preferred Stock Certificate of Designation attached as an exhibit to this report. In November 1997, the Company consummated the sale to Charles Loccisano, the Companys Chairman and Chief Executive Officer, and Alan Gottlich, the Companys President and Chief Financial Officer, of 20,000 shares of Series B Preferred Stock, par value of $.01 per share at a purchase price of $5.00 per share for an aggregate purchase price of $100,000. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired . Not applicable. (b) Pro Forma Financial Information Not applicable. (c) Exhibits Series B Preferred Stock Certificate of Designation. 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 thereunto duly authorized. PARAMARK ENTERPRISES, INC. (Registrant) By: Charles Loccisano Chairman, Chief Executive Officer By: Alan Gottlich President, Chief Financial Officer Date: November 11, 1997