UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2008
Dynacq Healthcare, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-21574 76-0375477
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
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 1.01 Entry into a Material Definitive Agreement.
Dynacq Healthcare, Inc. ("Dynacq") previously reported on Form 8-K
filed June 25, 2008, that on April 28, 2008, the Shanghai DeAn Hospital ("DeAn")
had entered into an Agreement to Assign Management ("Management Agreement") with
RuiAn City Department of Health ("RuiAn"), assigning to DeAn the right to manage
the operations, human resources and financials of the RuiAn Hospital beginning
effective June 1, 2008. As a result of subsequent negotiations with RuiAn, the
Management Agreement was changed in the following respects:
(i) The party entering into the Management Agreement was changed from DeAn
to Dynacq Huai Bei Healthcare, Inc. ("Huai Bei"), a wholly owned
subsidiary of Dynacq organized under the laws of the Peoples Republic
of China for the purpose of providing healthcare management services
to hospitals in China.
(ii) Management of the hospital by Huai Bei will commence only when the new
hospital currently under construction is completed and operational in
October 2009.
(iii) The amount of existing liabilities to be discharged within ten years
by Huai Bei increased from $625,000 U.S. (RMB $4,300,000) to $883,000
U.S. (RMB $6,000,000).
In all other respects, the Management Agreement was affirmed as of May 30, 2008.
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: November 6, 2008