-----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, Q3ffhmgJEprBkEUyvzkzYFaCopHwce0DEwRYpayChWWDexQfTZJr12PE00loNbFc zUPE1ZZBt7VIR4hPj2LKFQ== 0001157523-10-001793.txt : 20100330 0001157523-10-001793.hdr.sgml : 20100330 20100330162454 ACCESSION NUMBER: 0001157523-10-001793 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100330 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100330 DATE AS OF CHANGE: 20100330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENZYME CORP CENTRAL INDEX KEY: 0000732485 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 061047163 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14680 FILM NUMBER: 10714168 BUSINESS ADDRESS: STREET 1: 500 KENDALL STREET CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6172527500 MAIL ADDRESS: STREET 1: 500 KENDALL STREET CITY: CAMBRIDGE STATE: MA ZIP: 02142 8-K 1 a6232755.htm GENZYME CORPORATION 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):
March 30, 2010


GENZYME CORPORATION
(Exact name of registrant as specified in its charter)


Massachusetts   0-14680   06-1047163
(State or other jurisdiction of
incorporation or organization)
(Commission file number) (IRS employer identification
number)



 500 Kendall Street, Cambridge, Massachusetts 02142
(Address of Principal Executive Offices)  (Zip Code)


Registrant’s telephone number, including area code:
(617) 252-7500


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):

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 March 30, 2010, Genzyme Corporation (the “Company”) announced that Executive Vice President David P. Meeker, M.D. has been appointed Chief Operating Officer of the Company.    In this new role, Dr. Meeker will be responsible for the Company’s entire commercial organization, overseeing the Company’s business units, country management organization, and global market access functions.  Dr. Meeker’s appointment as Chief Operating Officer is effective April 1, 2010.

Dr. Meeker, 55, joined Genzyme in 1994 and has served as a corporate Executive Vice President since May 2008, during which time he held responsibility for the Company’s Genetic Diseases and Biosurgery businesses.  From May 2008 until March 2009, Dr. Meeker also had responsibility for the Company’s Transplant business.  In 2009, he was appointed to initiate the transformation of the Company’s global manufacturing and quality operations.  Dr. Meeker was President of the Genetic Diseases business from March 2003 until May 2008.  From May 2003 until May 2007, he also served as a corporate Vice President and from May 2007 to May 2008, as a corporate Senior Vice President.  Prior to 2003, Dr. Meeker held positions in the Company’s clinical affairs function and served as head of the Company’s Genetic Diseases and Thyrogen® (thyrotropin alfa for injection) businesses in Europe.  Before joining Genzyme, Dr. Meeker was director of the Pulmonary Critical Care Fellowship at the Cleveland Clinic.  He was also an assistant professor of medicine at Ohio State University.

Dr. Meeker does not have a written employment agreement and his compensation arrangements are determined by the Compensation Committee of the Company’s Board of Directors.  In connection with his appointment as Chief Operating Officer, the Compensation Committee determined that Dr. Meeker will receive an annual base salary of $600,000, effective April 1, 2010.  The Compensation Committee also increased the target awards that had previously been granted to Dr. Meeker under the Company’s Senior Executive Annual Incentive Plan and Senior Executive Long-Term Incentive Plan.  

Item 8.01 Other Events.

On March 30, 2010, the Company announced that Executive Vice President David P. Meeker, M.D. has been appointed Chief Operating Officer of the Company.  A copy of the Company’s press release announcing Dr. Meeker’s appointment is attached as Exhibit 99.1 to this Report.

Item 9.01 Financial Statements and Exhibits.

(d)        Exhibits

99.1      Press Release of Genzyme Corporation dated March 30, 2010


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.

GENZYME CORPORATION

 

 

Dated:

March 30, 2010

By:

/s/ Peter Wirth

Peter Wirth

Executive Vice President,

Legal & Corporate Development


EXHIBIT INDEX

Exhibit
Number

  Description
99.1 Press Release of Genzyme Corporation dated March 30, 2010.

EX-99.1 2 a6232755ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Genzyme Creates Chief Operating Officer Position

Appoints Executive Vice President David Meeker to New Role

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 30, 2010--Genzyme Corp. (NASDAQ: GENZ), a diversified, global biotechnology company, today announced that it has created the role of chief operating officer to establish a sharper focus on commercial execution, and has appointed Executive Vice President David Meeker to this position.

In this new role, Dr. Meeker will be responsible for Genzyme’s commercial organization, overseeing the company’s business units, country management organization, and global market access functions. He will work to maximize the potential of the company’s broad portfolio of products, most of which are in their growth phases. By integrating all aspects of its commercial organization, Genzyme is seeking to enhance communication and coordination, increase efficiency, and improve resource allocation.

“It is the right moment for us to make this change, as we grow in size, complexity, and global reach,” said Henri A. Termeer, Genzyme’s chairman and chief executive officer. “We are working to create the organizational structure that will enable us to capitalize on the many opportunities that lie ahead. David has had a significant impact in a variety of roles at Genzyme, and I have confidence in him as he takes on the new COO position.”

Dr. Meeker joined Genzyme in 1994, with initial responsibility for the clinical development of therapeutic products, including treatments that are currently in the company’s Genetic Diseases portfolio. He went on to serve as head of Genzyme’s Genetic Diseases and Thyrogen® (thyrotropin alfa for injection) businesses in Europe, and was subsequently promoted to president of the global Genetic Diseases business. In this role, Dr. Meeker oversaw the successful global launches of Aldurazyme® (laronidase), Fabrazyme® (agalsidase beta) and Myozyme® (alglucosidase alfa).

In 2008, his responsibilities were expanded to include oversight of the company’s Biosurgery and Transplant businesses, which are making significant contributions to the company’s growth. Last year, Dr. Meeker was appointed to initiate the transformation of the company’s global manufacturing and quality operations. He has recruited two experienced, highly regarded industry veterans, Scott Canute and Ron Branning, to lead these organizations and continue this transformation. Given Dr. Meeker’s new role and commercial focus, Mr. Canute and Mr. Branning will now report to Mr. Termeer.

“Genzyme has one of the most promising portfolios in the industry, with therapies that have the potential to either save or transform patients’ lives,” said Dr. Meeker. “My objective is to create a more integrated and better coordinated commercial organization to maximize the potential of this portfolio, with the ultimate goal of better serving patients around the world.”


Prior to joining Genzyme, Dr. Meeker was the director of the pulmonary critical care fellowship at the Cleveland Clinic and an assistant professor of medicine at Ohio State University. Dr. Meeker attended Dartmouth College and received his M.D. from the University of Vermont Medical School. He completed the Advanced Management Program at Harvard Business School in 2000.

About Genzyme

One of the world's leading biotechnology companies, Genzyme is dedicated to making a major positive impact on the lives of people with serious diseases. Since 1981, the company has grown from a small start-up to a diversified enterprise with more than 12,000 employees in locations spanning the globe and 2009 revenues of $4.5 billion.

With many established products and services helping patients in approximately 100 countries, Genzyme is a leader in the effort to develop and apply the most advanced technologies in the life sciences. The company's products and services are focused on rare inherited disorders, kidney disease, orthopaedics, cancer, transplant and immune disease, and diagnostic testing. Genzyme's commitment to innovation continues today with a substantial development program focused on these fields, as well as cardiovascular disease, neurodegenerative diseases, and other areas of unmet medical need.

Important Information

Genzyme, its directors, and the other individuals identified in its preliminary proxy statement filed with the SEC on March 22, 2010, may be deemed to be participants in the solicitation of proxies from Genzyme's shareholders in connection with the company's 2010 annual meeting of shareholders. Information about the directors and other individuals and their interests can be found in the preliminary proxy statement, a copy of which is available at the SEC's web site at www.sec.gov

Genzyme shareholders are advised to read carefully the company's definitive proxy statement relating to the company's 2010 annual meeting of shareholders and any other relevant documents filed by the company with the SEC, when they become available, before making any voting or investment decision, because they will contain important information. The definitive proxy statement and other reports, when available, can be obtained free of charge at the SEC's web site at www.sec.gov or from Genzyme at www.genzyme.com A copy of the company's definitive proxy statement will also be available for free by writing to Genzyme Corporation, 500 Kendall Street, Cambridge, MA 02142. In addition, copies of the proxy materials may be requested from our proxy solicitor, Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, (212) 750-5833.

Genzyme’s press releases and other company information are available at www.genzyme.com and by calling Genzyme’s investor information line at 1-800-905-4369 within the United States or 1-678-999-4572 outside the United States.

Genzyme®, Thyrogen®, Aldurazyme®, Fabrazyme® and Myozyme® are registered trademarks of Genzyme Corporation, all rights reserved.

CONTACT:
Genzyme Corp.
Media Contact:
Erin Emlock, 617-768-6923
or
Investor Contact:
Patrick Flanigan, 617-768-6563

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