8-K

UNITED STATES

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):  November 14, 2014 (November 8, 2014)

Commission File Number: 333-184233-14

ACELITY L.P. INC.

(Exact name of registrant as specified in its charter)

Guernsey	98-1022387
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
12930 West Interstate 10 San Antonio, Texas	78249
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (210) 524-9000

(Former name or former address, if changed since last report)

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.):

¨ 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 November 10, 2014, the Company announced the appointment of Thomas W. Casey, age 52, to serve as Executive Vice President and Chief Financial Officer for the Company and each of its operating subsidiaries, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. From 2009 to July 2013, Mr. Casey was Executive Vice President and Chief Financial Officer for Clear Channel. From November 2002 until September 2008, Mr. Casey served as executive vice president and chief financial officer of Washington Mutual, Inc. Prior to November 2002, Mr. Casey served as vice president of General Electric Company and senior vice president and chief financial officer of GE Financial Assurance. Pursuant to the terms of an employment offer letter, signed November 8, 2014, between Mr. Casey and KCI USA, Inc., an Acelity company (the “Offer Letter”), Mr. Casey will receive an annual base salary of $600,000. Commencing with the 2015 fiscal year plan, Mr. Casey is eligible to receive an annual incentive bonus targeted at 80% of his annual base salary. In addition, Mr. Casey will receive a one-time signing bonus of $100,000. Mr. Casey will also serve as the Company’s principal financial officer.

Mr. Casey is also eligible to receive an award of 2,000,000 profits interest units under the executive equity incentive plan maintained by the Company’s parent. Fifty percent of the units which will be time vesting units, with 25% of the time vesting units to cliff vest on the first anniversary of Mr. Casey’s employment start date and the remaining 75% to vest ratably on a quarterly basis thereafter over 36 months, and 50% of the units will vest based on achievement of certain investment milestones for the Company.

A copy of the press release announcing the appointment of Mr. Casey is filed as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release issued on November 10, 2014

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.

	ACELITY L.P. INC.
Date: November 14, 2014	By:	/s/ John T. Bibb
	Name:	John T. Bibb
	Title:	Authorized Signatory

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued on November 10, 2014

EX-99.1

News Release

For more information, contact:

Mike Barger	Nathan Speicher
Acelity Corporate Communications	Acelity Investor Relations
Phone: +1 210-255-6824	Phone: +1 210-255-6027
Email:mike.barger@acelity.com	Email:nathan.speicher@acelity.com

Thomas Casey Named Executive Vice President,

Chief Financial Officer for Acelity

SAN ANTONIO, Nov. 10, 2014 - Acelity L.P. Inc. announced today the appointment of Thomas Casey, a well-respected financial leader, as Executive Vice President and Chief Financial Officer.

Tom brings to Acelity 30 years of financial accounting, reporting, planning and analysis experience, which include nearly two decades of roles in senior leadership. Most recently, Tom served as Executive Vice President and CFO at Clear Channel where he was responsible for overseeing all financial, IT and shared services activities for the global media and entertainment company with more than $6 billion in annual revenue. Prior to this role, Tom was Executive Vice President at Washington Mutual. Previous to this, Tom served as Senior Vice President and CFO for GE Financial Assurance, a global insurance provider with more than $200 billion in assets. Tom started his career at Coopers & Lybrand.

“Tom has an exceptional track record of contributing to multiple businesses at a broad level and I’m excited to have him as a member of the leadership team,” said Joe Woody, President & CEO, Acelity. “His strategic and financial planning experience rooted in integrity and accountability will be invaluable as Acelity continues to achieve our growth initiativesin 2015 and the years to come.”

“I am excited about joining a company that produces solutions that dramatically improve the lives of people around the world and look forward to working with the leadership team and employees as we continue to build the Acelity brand,” Tom said.

Tom holds a Bachelor of Science degree in accounting from King’s College in Wilkes-Barre, Penn., and is a certified public accountant.

About Acelity

Acelity is a global wound care and regenerative medicine company created by uniting the strengths of three companies, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. We are committed to advancing the science of healing and restoring people’s lives. Available in more than 75 countries, the innovative and complementary Acelity product portfolio delivers value through solutions that speed healing and lead the industry in quality, safety and customer experience. Headquartered in San Antonio, Texas, Acelity employs more than 5,500 people around the world. We believe in enabling better futures for everyone. Please visit acelity.com.