UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): April 17, 2002
CYBERCARE, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 0-20356 65-0158479
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(State or other jurisdiction (Commission File Number) (IRS Employer ID
of incorporation) Number)
2500 QUANTUM LAKES DRIVE, SUITE 1000, BOYNTON BEACH, FLORIDA 33426
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(Address of principal executive offices)
Registrant's telephone number, including area code: 561-742-5000
Item 5. Other Events
The Registrant has reviewed the employment agreements and a severance agreement
with certain former officers and has elected to discontinue payment or provision
of all compensation and related benefits to such officers under these
agreements. This determination affects former CEO and Chairman of the Board
Michael F. Morrell, his wife and former corporate secretary Linda Moore, and
former president Paul C. Pershes. Since March 1, 2002 the Registrant had
suspended payment under these agreements pending review. The discontinuation of
payment has been made at the recommendation of a special committee appointed by
the Board of Directors.
SIGNATURE
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 duly authorized.
Date: April 17, 2002 By: /s/ STEVEN M. COHEN
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Steven M. Cohen
Chief Financial Officer