-----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, POa10BGh+JJneOVzPdpCRQhPUkKEjq0ZbyOkWauH9Z3wBhkuLyZHI9sw0EN4mkH1 7UOEUnnmoNO/1scrAgRWfA== 0000950152-06-005623.txt : 20060705 0000950152-06-005623.hdr.sgml : 20060704 20060705161038 ACCESSION NUMBER: 0000950152-06-005623 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060628 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060705 DATE AS OF CHANGE: 20060705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARDINAL HEALTH INC CENTRAL INDEX KEY: 0000721371 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 310958666 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11373 FILM NUMBER: 06944334 BUSINESS ADDRESS: STREET 1: 7000 CARDINAL PLACE CITY: DUBLIN STATE: OH ZIP: 43017 BUSINESS PHONE: 6147573033 MAIL ADDRESS: STREET 1: 7000 CARDINAL PLACE CITY: DUBLIN STATE: OH ZIP: 43017 FORMER COMPANY: FORMER CONFORMED NAME: CARDINAL DISTRIBUTION INC DATE OF NAME CHANGE: 19920703 8-K 1 l21140ae8vk.htm CARDINAL HEALTH, INC. 8-K Cardinal Health, Inc. 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): June 28, 2006
Cardinal Health, Inc.
(Exact Name of Registrant as Specified in its Charter)
Ohio
(State or Other Jurisdiction of Incorporation)
     
1-11373
(Commission File Number)
  31-0958666
(IRS Employer Identification
Number)
7000 Cardinal Place, Dublin, Ohio 43017
(Address of Principal Executive Offices, Including Zip Code)
(614) 757-5000
(Registrant’s Telephone Number, Including Area Code)
     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. below):
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 1.01 Entry into a Material Definitive Agreement
     David L. Schlotterbeck will be appointed Chief Executive Officer of Pharmaceutical and Medical Products of Cardinal Health, Inc. (the “Company”) and will assume the leadership responsibilities for the Company’s Pharmaceutical Technologies and Services and Medical Products Manufacturing segments in addition to his current leadership responsibility for the Clinical Technologies and Services segment. In connection with this expansion in his role with the Company, on June 28, 2006, the Human Resources and Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) approved an increase to Mr. Schlotterbeck’s annual base salary from $580,000 to $725,000. Mr. Schlotterbeck’s target annual bonus will remain at 100% of his annual base salary.
     Also on June 28, 2006, the Compensation Committee authorized R. Kerry Clark, the Company’s President and Chief Executive Officer, to use corporate aircraft for personal travel and to have his immediate family members accompany him on personal flights. The Compensation Committee also authorized the Company to provide a tax reimbursement to Mr. Clark for income attributed to him arising out of his personal use of corporate aircraft.
Item 7.01 Regulation FD Disclosure
     The Company issued a press release on July 5, 2006, which is being furnished as Exhibit 99.01 to this report.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
     99.01     Press release issued by the Company on July 5, 2006, and furnished with this report.
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.
         
    Cardinal Health, Inc.
    (Registrant)

Date: July 5, 2006
  By:   /s/ Ivan K. Fong
 
       
 
      Name:   Ivan K. Fong
Title:     Executive Vice President, Chief Legal
              Officer and Secretary

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EXHIBIT INDEX
     99.01    Press release issued by the Company on July 5, 2006, and furnished with this report.

-3-

EX-99.1 2 l21140aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.01
 
                  7000 Cardinal Place
                  Dublin,OH 43017
                  www.cardinalhealth.com
FOR IMMEDIATE RELEASE
Contacts:
             
Media:
  Jim Mazzola
(614) 757-3690
jim.mazzola@cardinal.com
  Investors:   Jason Strohm
(614) 757-7542
jason.strohm@cardinal.com
 
           
CARDINAL HEALTH ALIGNS MANUFACTURING BUSINESSES, NAMES
INTERNATIONAL PRESIDENT
DUBLIN, Ohio, July 5, 2006— Cardinal Health, the leading provider of products and services supporting the health-care industry, today announced organizational changes to align its manufacturing businesses and sharpen its focus on expanding the market for its products and services outside the United States.
David L. Schlotterbeck, 59, has assumed additional responsibility for Cardinal Health’s Pharmaceutical Technologies and Services (PTS) and Medical Products Manufacturing (MPM) segments, in addition to his current responsibility for the Clinical Technologies and Services (CTS) segment. As chief executive officer of Pharmaceutical and Medical Products, Schlotterbeck will lead an organization of approximately 23,000 employees and $6 billion in revenues.
The company said PTS, MPM and CTS will remain separate financial reporting segments and separate internal organizations, however the new structure will foster a uniform approach to lean manufacturing and Six Sigma initiatives and common processes for innovation, research and development, and sourcing.
“Dave’s extensive manufacturing experience and more recent leadership in transforming our CTS segment make him an ideal choice for this new, important role,” said R. Kerry Clark, president and chief executive officer of Cardinal Health. “The leadership structure we now have in place across Cardinal Health will help us streamline decision making, create new and innovative solutions with more insight and speed, and enable us to accelerate the work we do to make health care safer and more productive.”
Sharpening its International Focus
Cardinal Health also announced that R. G. G. (Rudy) Mareel has joined the company as president of International. In this role, Mareel, 43, will report to Clark and will develop and implement the company’s international strategy. He will also assume the
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Cardinal Health Aligns Manufacturing Businesses, Names International President
Page 2
responsibilities of John Parker, president of Cardinal Health Europe, who announced plans to retire earlier this year.
Mareel comes to Cardinal Health from Royal Numico, a global leader in clinical and specialized nutrition products, where he was president of the Amsterdam-based company’s clinical nutrition division and a member of its executive board. Prior to joining Royal Numico in 2001, Mareel worked for several years at Becton Dickinson, where he served in a number of global positions, most recently as worldwide vice president and general manager of BD Biosciences, Immunocytometry Systems.
“We are fortunate to have someone with Rudy’s global experience, knowledge and reputation as we look to significantly expand our presence outside the U.S.,” said Clark. “This move is consistent with the goals we’ve outlined to grow the market for our products and services and serve health-care customers worldwide.”
Mareel received a Bachelor of Science degree in clinical chemistry from Belgium’s Industrial Institute of Technology. He has completed executive management programs at both Harvard Business School in the U.S. and INSEAD in France. He joins Cardinal Health on Aug. 15 and will be based in Geneva.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $75 billion, global company serving the health-care industry with a broad portfolio of products and services. Through its diverse offering, Cardinal Health delivers integrated health-care solutions that help customers reduce their costs, improve efficiency and deliver better care to patients. The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 55,000 people on six continents. More information about the company may be found at www.cardinalhealth.com.
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