-----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, U3usM7FZ4aLKznKN2Qr2cHxnV9Vs0mmNb/vJMB/vU/mONH3TMQIQLQEzr/eE/62G QJjl/LXjeuknUFDrg/v84w== 0001021408-02-012626.txt : 20021017 0001021408-02-012626.hdr.sgml : 20021017 20021017160015 ACCESSION NUMBER: 0001021408-02-012626 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021002 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021017 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORCHID BIOSCIENCES INC CENTRAL INDEX KEY: 0001107216 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 223392819 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30267 FILM NUMBER: 02791642 BUSINESS ADDRESS: STREET 1: 303 COLLEGE RD. EAST CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 6097502200 MAIL ADDRESS: STREET 1: 303 COLLEGE RD. EAST CITY: PRINCETON STATE: NJ ZIP: 08540 8-K 1 d8k.txt ORCHID BIOSCIENCES INC. 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): October 2, 2002 ORCHID BIOSCIENCES, INC. (Exact name of registrant as specified in its charter) Delaware 000-30267 22-3392819 - ----------------- --------------- ---------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 4390 US Route One Princeton, NJ 08540 -------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (609) 750-2200 Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. On October 2, 2002, Orchid BioSciences, Inc. ("Orchid") announced that it had appointed Andrew P. Savadelis to the position of chief financial officer and senior vice president of finance to fortify its management team as Orchid implements its strategic and operational plans through 2003. Mr. Savadelis filled the position previously held by Donald R. Marvin, who served in the dual roles of chief financial officer for Orchid BioSciences and as general manager of Orchid Diagnostics. Mr. Marvin will continue as head of Orchid Diagnostics, focusing his full attention on the ongoing development and growth of this strategic business unit. The information contained in the press release which is attached as Exhibit 99.1 is incorporated by reference as if set forth fully herein. Item 7. Financial Statements and Exhibits (c) Exhibits. 99.1 Press Release dated October 2, 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 hereunto duly authorized. ORCHID BIOSCIENCES, INC. (Registrant) Date: October 17, 2002 /s/ Dale R. Pfost ------------------------------ Name: Dale R. Pfost Title: President and CEO EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Press release dated October 2, 2002. EX-99.1 3 dex991.txt PRESS RELEASE DATED OCTOBER 2, 2002 Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Orchid BioSciences, Inc. (609) 750-2200 Tracy J. Henrikson Director, Corporate Communications ORCHID BIOSCIENCES APPOINTS ANDREW P. SAVADELIS CHIEF FINANCIAL OFFICER PRINCETON, N.J., Oct. 2, 2002 -- Orchid BioSciences, Inc. (Nasdaq: ORCH) today announced that it has appointed Andrew P. Savadelis to the position of chief financial officer and senior vice president of finance to fortify its management team as the company implements its strategic and operational plans through 2003. Mr. Savadelis fills the position previously held by Donald R. Marvin, who has served in the dual roles of chief financial officer for Orchid BioSciences and as general manager of Orchid Diagnostics. Mr. Marvin will continue as head of Orchid Diagnostics, focusing his full attention on the ongoing development and growth of this strategic business unit. "Our appointment of a new chief financial officer reflects Orchid's ongoing progress in its commitment to continue our strong growth and achieve profitability by the end of next year," said Dale R. Pfost, Ph.D., chairman, president and chief executive officer of Orchid. "Orchid has expanded considerably over the last two years through both organic and acquired growth and now is an international company with four major business units based on DNA testing. This presents new opportunities for Orchid, and we believe that Andrew's appointment will strengthen our ability to successfully address our next phase of growth. We are pleased that Andrew, an individual with financial management experience in both the global pharmaceutical and innovative technology industries, is joining Orchid as CFO." Mr. Savadelis has more than 15 years of experience in corporate finance, governance, and merger and acquisition activities for high growth and pharmaceutical companies. Most recently, he was principal of Stratus Photonics, Inc., a developer of optical signal conditioning and routing modules. From September 2000 to January 2002, Mr. Savadelis served as chief financial officer and executive vice president of finance for eMagin Corporation, an innovative imaging display technology company. Previously, for seven years he was at Anadigics, Inc., a manufacturer of radio frequency integrated circuits solutions for wireless and broadband communications markets, where he most recently served as treasurer, assistant secretary and senior director of mergers and acquisitions. Prior to joining Anadigics, he spent seven years at Bristol-Myers Squibb, where he held positions of increasing responsibility in the financial area. Mr. Savadelis has a B.S. in Biology from Albright College and an MBA from the Johnson Graduate School of Management at Cornell University. About Orchid BioSciences Orchid BioSciences is the leading provider of services and products for DNA diversity testing. Orchid's four interlocking strategic business units address distinctive markets that together represent a unique balance of established, predictable growth, like identity genomics, and large upside potential, like personalized healthcare. All leverage Orchid's network of accredited genotyping laboratories, its leading technologies and its expertise in genetic diversity analysis. Orchid provides identity genomics testing for forensics and paternity through Orchid Cellmark and Orchid GeneScreen. Orchid Diagnostics markets products and services for HLA genotyping, disease susceptibility testing and immunogenetics. Orchid GeneShield is developing pharmacogenetics-based programs designed to accelerate the adoption of personalized healthcare. Orchid Life Sciences provides advanced SNP genotyping services to pharmaceutical, biotechnology, agricultural and academic customers and collaborators, and develops valuable SNP markers and assays. More information on Orchid can be found at its web site www.orchid.com. All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act as amended, including statements regarding Orchid's belief that Andrew Savadelis' appointment will strengthen its ability to successfully address Orchid's next phase of growth. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of Orchid products and services, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. These risks and other additional factors affecting Orchid's business are discussed in the "Forward-Looking Statements" section of Orchid's Form 10-Q for the quarterly period ended June 30, 2002 and the "Overview" and "Risk Factors" sections of Orchid's Annual Report on Form 10-K for the year ended December 31, 2001, filed with the Securities and Exchange Commission. Orchid expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Orchid's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based, except as may be required by law. ### -----END PRIVACY-ENHANCED MESSAGE-----