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 May 23, 1997 CHEUNG LABORATORIES, INC. 2-93826-W 52-1256615 (Commission File Number) (IRS Employer Identification Number) 10220 Old Columbia Road Suite I Columbia, MD 21046 (410) 290-5390 ITEM 5: OTHER EVENTS Effective May 22, 1997, Spencer J. Volk was appointed the President and Chief Executive Officer of Cheung Laboratories, Inc (the "Registrant"). The terms and conditions of Mr. Volk's employment with the Registrant are currently being negotiated. 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 of the undersigned thereunto duly authorized. CHEUNG LABORATORIES, INC. Date:May 23, 1997 By:\s\Spencer J. Volk Spencer J. Volk President and Chief Executive Officer