-----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, L6JINldNHIxa8XkuHWy97HPxnpBfAbfFxClgZqHEP8w681Bi2aRLk82lTsCjk+1m D959z9UZI6sRF7BV4HpuMA== 0000950130-02-000643.txt : 20020414 0000950130-02-000643.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950130-02-000643 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020206 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VENTIV HEALTH INC CENTRAL INDEX KEY: 0001089473 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 522181734 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30318 FILM NUMBER: 02529007 BUSINESS ADDRESS: STREET 1: 200 COTTONTAIL LANE STREET 2: VANTAGE COURT NORTH CITY: SOMERSET STATE: NJ ZIP: 08873 MAIL ADDRESS: STREET 1: 200 COTTONTAIL LANE STREET 2: VANTAGE COURT NORTH CITY: SOMERSET STATE: NJ ZIP: 08873 FORMER COMPANY: FORMER CONFORMED NAME: SNYDER HEALTHCARE SERVICES INC DATE OF NAME CHANGE: 19990624 8-K 1 d8k.txt FORM 8-K 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 (Date of Earliest Event Reported): February 6, 2002 VENTIV HEALTH, INC. (Exact Name of Registrant as Specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 0-30318 52-2181734 - ------------------------------------- ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) 1114 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10036 (Address of Principal Executive offices) (Zip Code) (212) 768-8000 (Registrant's Telephone Number, Including Area Code N/A (Former Name or Former Address, if changed Since Last Report) Ventiv Health, Inc. CURRENT REPORT ON FORM 8-K Item 5. Other Events. Ventiv Health, Inc. ("Ventiv" or the "Company") has announced via press release that it has been notified by Reliant Pharmaceuticals, LLC ("Reliant") of their intent to convert the field sales force working under the Ventiv-Reliant contract from full-time Ventiv employment to full-time Reliant employment effective April 1, 2002. The Ventiv-Reliant contract, which commenced on August 1, 2000, provided Reliant with the option to convert all or a portion of the field sales force to Reliant employment at any time. Revenues from this client relationship represented 21.6% of the Company's total revenues for the nine-month period ended September 30, 2001. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press release of Ventiv Health, Inc., dated as of February 5, 2002. 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 thereunto duly authorized. VENTIV HEALTH, INC. By: /s/ John R. Emery -------------------------------------------- Date: February 6, 2002 Name: John R. Emery Title: Chief Financial Officer (Principal Accounting and Financial Officer) EX-99.1 3 dex991.txt PRESS RELEASE DATED FEB 5, 2002 EXHIBIT 99.1 [VENTIV LOGO] Contacts: Investors/Corporate: Media: John R. Emery Lynn Blenkhorn Chief Financial Officer Noonan/Russo Communications (732) 537-4800 (212) 696-4455 investor@ventiv.com Media@ventiv.com - ------------------- ----------------- VENTIV HEALTH, INC. ANNOUNCES CONVERSION OF RELIANT PHARMACEUTICALS SALES FORCE NEW YORK, February 5, 2002 -- Ventiv Health, Inc. (Nasdaq:VTIV), a leading provider of comprehensive marketing and sales solutions to the pharmaceutical and life sciences industries, announced today it has been notified by Reliant Pharmaceuticals, LLC, of Reliant's intent to convert the field sales force working under the Ventiv-Reliant contract from full-time Ventiv employment to full-time Reliant employment effective April 1, 2002. The Ventiv-Reliant contract, which commenced on August 1, 2000, provided Reliant with the option to convert all or a portion of the field sales force to Reliant employment at any time. Ventiv will work with Reliant to ensure the conversion is implemented smoothly. Mr. Eran Broshy, President and CEO of Ventiv, said "As with many of our contracts, we have always known that conversion of the Reliant sales force was a possibility. We are pleased we were able to help Reliant develop its commercialization infrastructure during the past 18 months." Mr. Joseph Krivulka, President of Reliant Pharmaceuticals, stated "The level of service provided by Ventiv during the past 18 months helped us to reach this important milestone in Reliant's history. We appreciate Ventiv's contribution to our company's current and future success." On February 28, 2002, Ventiv plans to announce its results for the quarter and year ended December 31, 2001. At that time, Ventiv will also provide guidance on its financial outlook for the remainder of 2002, which will incorporate the termination of the Reliant contract, as well as other current and anticipated developments. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause Ventiv Health's performance to differ materially. Such risks include, without limitation: changes in trends in the pharmaceutical industry or in pharmaceutical outsourcing; our ability to compete successfully with other services in the market; our ability to maintain large client contracts or to enter into new contracts; uncertainties related to future incentive payments and revenue share agreements; and, our ability to operate successfully in new lines of business. Readers of this press release are referred to documents filed from time to time by Ventiv Health, Inc. with the Securities and Exchange Commission for further discussion of these and other factors. -----END PRIVACY-ENHANCED MESSAGE-----