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 May 5, 2003 ----------------------------------------------- Date of Report (Date of earliest event reported) SIERRA HEALTH SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 1-8865 ---------------------------------- ---------------------------------- (State or Other Jurisdiction (Commission File Number) of Incorporation) 88-0200415 ---------------------- (IRS Employer Identification No.) 2724 North Tenaya Way Las Vegas, Nevada 89128 ------------------------------------------------ -------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (702) 242-7000 Item 9. Regulation FD Disclosure On May 5, 2003, CII Financial, Inc., a wholly-owned subsidiary of Sierra Health Services, Inc., issued a press release announcing that a Notice of Redemption for all of its outstanding 9 1/2% Senior Debentures was mailed to all registered debenture holders. The redemption date is June 3, 2003, and the total redemption price is $1,045.58333 per $1,000 principal amount of Senior Debentures. This price includes the applicable redemption premium of $25.00 plus $20.58333 accrued interest to the redemption date. Information on how debenture holders can surrender their Senior Debentures to the Trustee, Wells Fargo Bank Minnesota, N.A., is provided in the Notice of Redemption and in the attached press release. Item 7. Financial Statements and Exhibits Exhibits Description -------- ----------- 99.1 Press Release, dated as of May 5, 2003 All of the information furnished in this report and the accompanying exhibit shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended. 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. SIERRA HEALTH SERVICES, INC. --------------------------------------------- (Registrant) Date: May 6, 2003 /S/Frank Collins --------------------------------------------- Senior Vice President, Legal & Administration and Secretary