                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT

                         PURSUANT TO SECTION 13 OR 15(Dd)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                 --------------
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                               Date of Report (Date of earliest event reported): AugustJanuary 825, 20052006

                                                                      OPTICARE HEALTH SYSTEMS, INC.
                                            (Exact name of registrant as specified in its charter)




         Delaware                                       001-15223                                     76-0453392
-------------------------                        -----------------------                        ----------------------

    (State or Other                                                                     (Commission                                    (IRS Employer
    Jurisdiction of                                                                     File Number)                                                                    Identification No.)
    Incorporation)


                            
                         87 Grandview Avenue, Waterbury, 
                               Connecticut 06708
                                         -------------------------------------------------------
                                          (Address of principal executive offices) (Zip Code)

                              Registrant's telephone number, including area code: (203) 596-2236
</TABLE>

              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 (see General Instruction A.2. below):

     |_| 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
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     |_| 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 51.02    DEPARTURE01         ENTRY OFINTO DIRECTORSA ORMATERIAL PRINCIPALDEFINITIVE OFFICERS; ELECTION OF
             DIRECTORS; APPOINTMENT OF PRINCIPLE OFFICERSAGREEMENT.

(d)             On AugustJanuary 825, 20052006, DennisonOptiCare T.Health VeruSystems, wasInc. appointed("OptiCare"), to the Board of Directorsits
ofwholly-owned subsidiary, OptiCare Eye Health SystemsCenters, Inc. (the"Eye Health"Registrant"), toand
Refac fillentered into an amendment to the vacancyPromissory created
byNote Markto Hoffman'sRefac Maydated 9September
1, 2005 resignation,issued andpursuant willto servethat untilcertain theLoan nextAgreement annual
meetingdated ofSeptember stockholders1, 2005
by and untilamong hisOptiCare, successorEye hasHeath been elected and qualifiedRefac.

            Pursuant to aamendment, restructurethe agreementmaturity amongdate of the Registrant,Promissory PalisadeNote Concentratedwas
Equityextended Partnership,so L.P.that ("Palisade"),if the Registrant'spreviously majorityannounced stockholder,
andmerger Deanbetween J.OptiCare Yimoyines,and M.D.,Refac
is datednot asconsummated ofon Decemberor 17,before 2001April 30, as2006 amended(extended on
from January 531, 20022006)
the andmaturity Januarydate 22,of 2002, the RegistrantPromissory hasNote agreedis thatJune 30, so2006 long(extended asfrom March
Palisade31, owns2006).

            The morepreceding thanbrief 50%description of the votingmaterial powerterms of the
amendment Registrant,to itthe shallPromissory have
theNote rightis qualified in its entirety by reference to
the designateamendment, a majoritycopy of thewhich Registrant'sis Boardfiled ofas Directors.Exhibit Mr10.
Veru1 wasto appointedthis toCurrent theReport
on Registrant'sForm Board8-K.

ITEM of9.01         FINANCIAL DirectorsSTATEMENTS uponAND theEXHIBITS.
recommendation
(d)  Exhibits.

          10.1 ofAmendment Palisadedated pursuantJanuary 25, 2006 to thisOptiCare provisionHealth Systems, Inc.
               Promissory Note dated September 1, 2005.





                                    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 hereunto duly authorized.


                                                                                     OPTICARE HEALTH SYSTEMS, INC.
                                                                                          (Registrant)



Date: AugustJanuary 31, 2005                  2006                         by: /s/ ChristopherVincent JS. WallsMiceli
                                                                                              -----------------------------------
                                                                                      Name:  Vincent Christopher JS. WallsMiceli
                                                                                      Title: Corporate Controller and
                                                      Chief ExecutiveAccounting Officer







                                  EXHIBIT INDEX

Exhibit
Number                                 Description
-------                                -----------


          10.1 Amendment dated January 25, 2006 to OptiCare Health Systems, Inc.
                                              President               Promissory and  GeneralNote Counseldated September 1, 2005.
Filing Compare · OPTICARE HEALTH SYSTEMS INC
