-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M8enxEPNdXwgki8jaP/ZPvvrUgS/agR/+oloAeDBzYsYyA+9CKmpef+77dCITCbz U12nF0plkK+uWxTaUcN6DA== 0000010427-07-000093.txt : 20070319 0000010427-07-000093.hdr.sgml : 20070319 20070319162103 ACCESSION NUMBER: 0000010427-07-000093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070319 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070319 DATE AS OF CHANGE: 20070319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAUSCH & LOMB INC CENTRAL INDEX KEY: 0000010427 STANDARD INDUSTRIAL CLASSIFICATION: OPHTHALMIC GOODS [3851] IRS NUMBER: 160345235 STATE OF INCORPORATION: NY FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04105 FILM NUMBER: 07703604 BUSINESS ADDRESS: STREET 1: BAUSCH & LOMB INCORPORATED STREET 2: ONE BAUSCH & LOMB PLACE CITY: ROCHESTER STATE: NY ZIP: 14604-2701 BUSINESS PHONE: 5853386000 MAIL ADDRESS: STREET 1: ONE BAUSCH & LOMB PLACE STREET 2: P O BOX 54 CITY: ROCHESTER STATE: NY ZIP: 14604-2701 8-K 1 bol8kprcfo031907.htm BOL8KPRCFO031907 bol8kprcfo031907


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 19, 2007
 
              
                                             
 
 
BAUSCH & LOMB INCORPORATED
(Exact name of registrant as specified in its charter)
 
 
New York
1-4105
16-0345235
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
One Bausch & Lomb Place, Rochester, NY
14604-2701
(Address of principal executive offices)
(Zip Code)
   
Registrant’s telephone number, including area code: (585) 338.6000
 
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.

On March 19, 2007, the Company announced that effective immediately Efrain Rivera, currently Vice President and Treasurer, has been appointed to the role of Senior Vice President and Chief Financial Officer of the Company. In addition, the Company announced that Stephen C. McCluski, who has announced his plan to retire on June 30, 2007, has been appointed to the role of Senior Vice President, Corporate Strategy. A copy of the press release containing the announcements is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Mr. Rivera first joined the Company in 1989 and has served as the Company’s Vice President and Treasurer since 2004. Prior to that, Mr. Rivera was president-Bausch & Lomb Canada and Latin America and served in other capacities in the Company. Additional information about Mr. Rivera’s background is contained in the press release.

In conjunction with his appointment, effective March 19, 2007 Mr. Rivera will receive a grant of 20,000 shares of restricted stock under the Company’s 2003 Long-Term Incentive Plan. One-half of the shares will vest on March 19, 2010 and the other half will vest on March 19, 2012. In addition, based on his new position, under the Company’s annual incentive plans, Mr. Rivera is now eligible to earn a target bonus of seventy-five (75%) of his base salary, depending on the Company achieving stated performance goals.

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS.
 
(a)
 
Financial statements of businesses acquired.
 
-   Not applicable
 
(b)
 
Pro forma financial information.
 
-   Not applicable
 
(c)
 
Exhibits. The following exhibit is filed as part of this report:
 
 
99.1  Press Release dated March 19, 2007.






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.

BAUSCH & LOMB INCORPORATED


/s/ Robert B. Stiles                   
Robert B. Stiles
Senior Vice President and General Counsel

Date: March 19, 2007
EX-99.1 2 bol8kex991.htm EXHIBIT 99.1 Exhibit 99.1


Exhibit 99.1

                                        News



Bausch & Lomb Names Efrain Rivera Senior Vice President and Chief Financial Officer, Succeeding Stephen C. McCluski
Who Will Retire June 30, 2007


FOR RELEASE MONDAY, MARCH 19, 2007

ROCHESTER, N.Y. - Bausch & Lomb (NYSE:BOL) today announced that Efrain Rivera has been named senior vice president and chief financial officer, succeeding Stephen C. McCluski who has announced his plan to retire on June 30. McCluski will serve as senior vice president-corporate strategy, responsible for strategic business development activities, until his retirement.

“We’re very fortunate to have an executive of Efrain Rivera’s caliber to succeed Steve in the CFO function,” said Chairman and CEO Ronald L. Zarrella. “Efrain has managed successively more responsible positions in business analysis, investor relations, commercial operations and treasury, and has demonstrated that he has the experience, perspective and leadership skills to be an exceptional CFO.”

Rivera, 50, joined Bausch & Lomb in 1989 and has held management and executive positions in Corporate Treasury, Business Analysis and Investor Relations. He has served as general manager of Bausch & Lomb Mexico, vice president-finance for Global Vision Care, and president-Bausch & Lomb Canada and Latin America. He was elected an officer of the company in 2002, and has been corporate vice president and treasurer since 2004. Prior to joining Bausch & Lomb he served as an attorney in the Civil Division of the U.S. Department of Justice.

Rivera received a B.S. degree from Houghton College, Houghton, N.Y., an MBA in Finance from the William E. Simon Graduate School of Business at the University of Rochester, a J.D. degree from New York University, and an Executive Doctorate in Management from Case Western Reserve University, Cleveland, Ohio. A member of Beta Gamma Sigma, the national honor society in business, at both the Masters and Doctoral levels, Rivera is a Certified Management Accountant® (CMA), Certified Financial Manager ® (CFM) and a member of the Institute of Management Accountants.

“Steve McCluski has served Bausch & Lomb with great distinction during his 19-year career here, 12 of those years as CFO,” said Zarrella. “The Board of Directors and I are grateful for his contributions to the growth and success of our businesses. While I will especially miss his wise counsel, over the past few years he has developed an outstanding successor in Efrain Rivera, and that will allow us to manage through this transition smoothly and efficiently.”

McCluski, 54, has been with Bausch & Lomb since 1988, when he joined the company as director-financial planning and analysis for the former Personal Products Division. He served as vice president and controller for the former Eyewear Division, president of the former Outlook Eyewear subsidiary and was named corporate vice president and controller in 1994. He has served as Chief Financial Officer since 1995.

###




News Media Contact:
Barbara M. Kelley
585.338.5386
bkelley@bausch.com

Investor Relations Contact:
Daniel L. Ritz
585.338.5802
dritz@bausch.com
_____________________________________
Bausch & Lomb is the eye health company, dedicated to perfecting vision and enhancing life for consumers around the world. Its core businesses include soft and rigid gas permeable contact lenses and lens care products, and ophthalmic surgical and pharmaceutical products. The Bausch & Lomb name is one of the best known and most respected healthcare brands in the world. Founded in 1853, the Company is headquartered in Rochester, New York. Bausch & Lomb employs approximately 13,700 people worldwide and its products are available in more than 100 countries. More information about the Company is on the Bausch & Lomb Web site at www.bausch.com. Copyright Bausch & Lomb Incorporated.

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