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): February 25, 2013
ST. JUDE MEDICAL, INC.
(Exact name of registrant as specified in its charter)
Minnesota | 1-12441 | 41-1276891 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
One St. Jude Medical Drive, St. Paul, MN | 55117 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (651) 756-2000
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:
☐ | 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 8.01 | Other Events. |
On February 25, 2013, St. Jude Medical, Inc. issued a press release announcing its quarterly dividend, a copy of which is attached hereto as Exhibit 99.1. The press released identified a record date of March 29, 2013 for this dividend. Since the New York Stock Exchange (“NYSE”) is closed for trading on such date, however, the effective record date for this dividend will be March 28, 2013.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
99.1 Press release issued by St. Jude Medical, Inc. on February 25, 2013. |
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: February 25, 2013 | By: | /s/ Jason Zellers |
Jason Zellers Vice President, General Counsel and Corporate Secretary |
EXHIBIT INDEX
Exhibit No. | Description of Exhibit |
99.1 | Press release issued by St. Jude Medical, Inc. on February 25, 2013. |
Exhibit 99.1
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St. Jude Medical, Inc. Global Headquarters One St. Jude Medical Drive St. Paul, MN 55117-9913 USA Tel 651 756 2000 sjm.com |
News Release
CONTACTS:
J.C. Weigelt
Investor Relations
Tel 651 756 4347
jweigelt@sjm.com
St. Jude Medical Announces Increase in Quarterly Dividend
Board of Directors declares 9 percent increase in quarterly dividend
ST. PAUL, Minn. – Feb. 25, 2013 – St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced that its Board of Directors declared a nine percent increase in the company’s quarterly dividend to $0.25 per common share. At the new rate, the annual dividend would be $1.00 per share, compared to the previous annual dividend of $0.92 per share. The dividend is payable April 30, 2013, to shareholders of record on March 29, 2013.
Commenting on the dividend increase, St. Jude Medical Chairman, President and Chief Executive Officer Daniel J. Starks said, "This is the second increase in our dividend since it was initiated in 2011, further demonstrating our commitment to returning value to our shareholders as we continue to focus on growing our business.”
About St. Jude Medical
St. Jude Medical develops medical technology and services that focus on putting more control into the hands of those who treat cardiac, neurological and chronic pain patients worldwide. The company is dedicated to advancing the practice of medicine by reducing risk wherever possible and contributing to successful outcomes for every patient. St. Jude Medical is headquartered in St. Paul, Minn. and has four major focus areas that include: cardiac rhythm management, atrial fibrillation, cardiovascular and neuromodulation. For more information, please visit 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 Risk Factors and Cautionary Statements sections of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and Quarterly Report on Form 10-Q for the fiscal quarter ended September 29, 2012. The Company does not intend to update these statements and undertakes no duty to any person to provide any such update under any circumstance.