-----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, WlBIyUvEFvN64sZ02xUTxe96NQhS1Y2nnDcyrYNu3WjHy3HXjJo0/X4sKAARlEeC fQ3YvZkYMQtgAjmHqvS9Kg== 0000897101-07-002062.txt : 20071009 0000897101-07-002062.hdr.sgml : 20071008 20071009070025 ACCESSION NUMBER: 0000897101-07-002062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071008 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071009 DATE AS OF CHANGE: 20071009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ST JUDE MEDICAL INC CENTRAL INDEX KEY: 0000203077 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 411276891 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12441 FILM NUMBER: 071160830 BUSINESS ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 BUSINESS PHONE: 6514832000 MAIL ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 8-K 1 stjude074049_8k.htm FORM 8-K DATED OCTOBER 8, 2007 St. Jude Medical, Inc. Form 8-K dated October 8, 2007


 
 

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): October 8, 2007

 


ST. JUDE MEDICAL, INC.

(Exact name of registrant as specified in its charter)

 

Minnesota

0-8672

41-1276891

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

One Lillehei Plaza, St. Paul, MN

55117

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (651) 483-2000

 

Not applicable

(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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
 



Item 8.01

Other Events.

 

On October 8, 2007, St. Jude Medical, Inc. (the “Company”) issued a press release announcing an expanded organizational structure and the appointment of several key executives to new roles, effective January 1, 2008. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

 

(d)

Exhibits:

 

 

99.1

Press release issued by the Company on October 8, 2007.

 

















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.

 

 

 

ST. JUDE MEDICAL, INC.


Date:  October 8, 2007

 

By: 


/s/   Pamela S. Krop

 

 

 

Pamela S. Krop
Vice President, General Counsel
and Secretary














EXHIBIT INDEX

 

Exhibit No.

Description of Exhibit

 

99.1

Press release issued by the Company on October 8, 2007.

 

 















EX-99.1 2 stjude074049_ex99-1.htm PRESS RELEASE DATED OCTOBER 8, 2007 Exhibit 99.1 to St. Jude Medical, Inc. Form 8-K dated October 2, 2007

Exhibit 99.1

 

 

St. Jude Medical, Inc.

One Lillehei Plaza

St. Paul, Minnesota 55117

(651) 483.2000

www.sjm.com

 

Contacts:

Angela Craig

Investor Relations

(651) 481-7789

Kathleen Janasz

Media Relations

(651) 415-7042

 

St. Jude Medical to Expand Organizational Structure to Support Continued Growth

 

Seven Executives Appointed to New Roles

 

ST. PAUL, Minn. – Oct. 8, 2007 – St. Jude Medical, Inc. (NYSE: STJ) today announced an expanded organizational structure and the appointment of several key executives to new roles, effective Jan. 1, 2008. These organizational changes will support the Company’s continued growth and capitalize on St. Jude Medical’s management depth.

 

Dan Starks, Chairman, President and Chief Executive Officer of St. Jude Medical, said, “During the last four years, we have acquired six companies, established three new divisions, and approximately doubled our annual revenue. We have achieved our goal of growing at an annual average compound rate of at least 15 percent during this time.

 

“The expanded organizational structure announced today is part of a comprehensive program designed to double the size of St. Jude Medical again within the next five years,” continued Mr. Starks. “The new structure also enables us to continue leveraging the technology, innovation and customer synergies that exist across St. Jude Medical for the future, while preserving the decentralized operating style that has helped drive past success.”

 

Expanded Leadership Structure

 

St. Jude Medical is creating two new Group President roles. Joe McCullough, currently President, St. Jude Medical International Division, and Mike Rousseau, currently President, U.S. Division, will be promoted to these newly created roles. The U.S. and International Divisions will report to Mr. McCullough. The Cardiac Rhythm Management, Atrial Fibrillation, Cardiovascular, and Neuromodulation Divisions, will report to Mr. Rousseau. Mr. McCullough, Mr. Rousseau and Executive Vice President and Chief Financial Officer John Heinmiller will report to Mr. Starks.

 




Additional Senior Leadership Promotions

 

George Fazio, currently President, Cardiovascular Division, will become the new President of the U.S. Division, and Denis Gestin, currently President, St. Jude Medical Europe, Middle East, Africa and Canada will become the new President of the International Division. Gary Taylor, currently Vice President and General Manager of the company’s neuromodulation business internationally, will become the new President of St. Jude Medical Europe, Middle East, Africa and Canada. Amy Boyle, currently Vice President of Marketing for the International Division, will be promoted to the newly created position of Vice President of Corporate Brand and Marketing. To better align and strengthen the effectiveness of St. Jude Medical’s global customer programs, Mr. Fazio, Mr. Gestin and Ms. Boyle will report to Mr. McCullough. Mr. Taylor will report to Mr. Gestin.

 

Frank Callaghan, currently Vice President of Research and Development for the Atrial Fibrillation Division, will become President of the Cardiovascular Division. Mr. Callaghan joined St. Jude Medical in 2005 as part of the acquisition of Endocardial Solutions. To ensure that product portfolios and manufacturing strategies are well coordinated across the Company, Mr. Callaghan, Chris Chavez, President, Neuromodulation Division, Eric Fain, President, Cardiac Rhythm Management Division and Jane Song, President, Atrial Fibrillation Division, will report to Mr. Rousseau.

 

Mr. Starks said, “Each of the appointments announced today recognizes the extraordinary contributions of St. Jude Medical’s talented management team and exemplifies our focus on continuous improvement. As we continue on our path to even greater growth to the benefit of all our stakeholders, we are committed to maintaining the differentiators that have set our company apart, namely, our high level of attention to customers, quality, ethics, innovation, teamwork, continuous improvement and the appropriate treatment of people.”

 

About St. Jude Medical

 

St. Jude Medical is dedicated to making life better for cardiac, neurological and chronic pain patients worldwide through excellence in medical device technology and services. The Company has five major focus areas that include: cardiac rhythm management, atrial fibrillation, cardiac surgery, cardiology and neuromodulation. Headquartered in St. Paul, Minn., St. Jude Medical employs approximately 12,000 people worldwide. For more information, please visit www.sjm.com.

 

Forward-Looking Statements

 

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include the expectations, plans and prospects for the Company, including potential clinical successes, anticipated regulatory approvals and future product launches, and projected revenues, margins, earnings, and market shares. The statements made by the Company are based upon management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the Company’s control and the risk factors and other cautionary statements described in the Company’s filings with the SEC, including those described in the Company’s Annual Report on Form 10-K filed on February 28, 2007 (see pages 13-20) and Quarterly Report on Form 10-Q filed on August 9, 2007 (see pages 26-29). The Company does not intend to update these statements and undertakes no duty to any person to provide any such update under any circumstance.

 



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-----END PRIVACY-ENHANCED MESSAGE-----