================================================================================ 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): July 3, 2001 SPARTA SURGICAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-11047 22-2870438 (State or other juris- (Commission (I.R.S. Employer ID diction of incorpor- File Number) Number) tion) Olsen Centre 2100 Meridian Park Blvd., Concord, CA 94520 (Address of principal executive offices) Registrant's telephone number, including area code (925) 417-8812 not applicable (Former name or former address, if changed since last report) ================================================================================ Sparta Surgical Corporation Form 8-K ITEM 5 - OTHER EVENTS - --------------------- On June 14, 2001, a dispute had arisen between the Company with the new building owner Delta Properties ("Delta") over the compliance of the lease agreement. On July 2, 2001 the Company and Delta reached a settlement agreement and therefore, the compliance issue has been resolved and the default is cured under the lease agreement SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SPARTA SURGICAL CORPORATION Date: July 3, 2001 By /s/ Thomas F. Reiner --------------------------------------- Thomas F. Reiner, Chairman of the Board, President and Chief Executive Officer