UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the |
Date of Report: March 23, 2012
(Date of earliest event reported)
Digirad Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
000-50789
(Commission File Number)
33-0145723
(IRS Employer
Identification Number)
13950 Stowe Drive, Poway, CA
(Address of principal executive offices)
92064
(Zip Code)
(858) 726-1600
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if changed since last report)
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On March 23, 2012, Richard B. Slansky, the Chief Financial Officer of Digirad Corporation, or Digirad, tendered his resignation, which is effective on April 20, 2012. Pursuant to the Executive Employment Agreement filed as Exhibit 10.1 to Digirad's Current Report on Form 8-K filed on February 17, 2009, as amended by the Amendment to Executive Employment Agreement, dated December 31, 2010, filed as Exhibit 10.3 to Digirad's Current Report on Form 8-K on January 3, 2011, Mr. Slansky is not entitled to receive any severance payment in connection with his resignation.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
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.
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Dated: March 28, 2012 |
DIGIRAD CORPORATION
By: /s/ Todd P. Clyde |
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| Exhibit No. | Description |
| 99.1 | Press Release of Digirad Corporation dated March 28, 2012 |
POWAY, CA -- (Marketwire - March 28, 2012) - Digirad Corporation (NASDAQ: DRAD) today announced that Richard B. Slansky has resigned his position as Chief Financial Officer effective April 20, 2012, in order to accept another executive position. Digirad CEO Todd P. Clyde, who had formerly served as Digirad CFO for six years, will assume the CFO responsibilities on an interim basis until a new CFO is identified.
Clyde said, "The Board and I appreciate all of Richard's excellent work and financial leadership over the past three years and wish him well in his new role. His high standards and tough expense control were an instrumental part of our successful emergence from the very challenging regulatory and reimbursement environment that descended on the Company shortly after his arrival. Our financial position is very solid as we look to the future."
Clyde continued, "We have already taken the initial steps to institute a search to find the ideal CFO candidate that will help Digirad as we enter the next phase of corporate development and pursue new growth opportunities to enhance value for our shareholders."
About Digirad
Digirad is a leading provider of diagnostic imaging products, and personnel and equipment leasing services. For more information, please visit www.digirad.com. Digirad® is a registered trademark of Digirad Corporation.
Forward-Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These include statements regarding our ability to deliver value to customers, our expanded commitment to protect stockholder rights, and our desire to maximize stockholder value. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with changes in business conditions, technology, customers' business conditions, reimbursement, radiopharmaceutical shortages, economic outlook, operational policy or structure, acceptance and use of Digirad's camera systems and services, reliability, recalls, and other risks detailed in Digirad's filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports. Readers are cautioned to not place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Digirad undertakes no obligation to revise or update the forward-looking statements contained herein.
Investor Contact Matt Clawson Allen & Caron 949-474-4300 Company Contact Todd P. Clyde Chief Executive Officer 858-726-1600