UNITED STATES
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): February 15, 2008
Dynacq Healthcare, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-21574 76-0375477
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
organization)
10304 Interstate 10 East, Suite 369
Houston, Texas 77029
(Address of principal executive offices and zip code)
(713) 378-2000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On February 15, 2008, the Board of Directors of Dynacq Healthcare, Inc. (the
"Company") elected Dr. Xiao Li to serve as a director of the Company. Dr. Li was
selected as a director based on her qualifications as a board certified
physician in internal medicine and her years of experience in the healthcare
industry; there was no arrangement or understanding between Dr. Li and any other
persons pursuant to which she was elected. At this time, Dr. Li has not been
named to serve as a member of any of the committees of the Board of Directors.
During the fiscal year ended August 31, 2007, the Company and its subsidiaries
paid to Dr. Li an aggregate of $188,975, to provide in-house medical services to
the emergency room patients at Surgery Specialty Hospitals of America -
Southeast Houston, its Pasadena Facility.
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.
Dynacq Healthcare, Inc.
By: /s/ Philip S. Chan
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Philip S. Chan
Chief Financial Officer
Date: February 22, 2008