-----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, AgjNLkCWTv2i5fKBS2vxDxtdB0XH+CiS1fvuCw3qiV0OhS0IN2jhFhIoa2SLw45M PAm0PKq+yxwphpLpCWgAaQ== 0000927016-02-002305.txt : 20020426 0000927016-02-002305.hdr.sgml : 20020426 ACCESSION NUMBER: 0000927016-02-002305 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020412 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESPIRONICS INC CENTRAL INDEX KEY: 0000780434 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 251304989 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16723 FILM NUMBER: 02623373 BUSINESS ADDRESS: STREET 1: 1501 ARDMORE BOULEVARD CITY: PITTSBURGH STATE: PA ZIP: 15221-4401 BUSINESS PHONE: 4127312100 MAIL ADDRESS: STREET 1: 1501 ARDMORE BOULEVARD CITY: PITTSBURGH STATE: PA ZIP: 15221-4401 8-K 1 d8k.txt FORM 8-K 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): April 12, 2002 RESPIRONICS, INC. ----------------- (Exact name of registrant as specified in its charter) Delaware 000-16723 25-1304989 - ---------------------------- ------------------ ------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1501 Ardmore Boulevard Pittsburgh, Pennsylvania 15221-4401 ------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (412) 731-2100 Item 2. Acquisition or Disposition of Assets. On April 12, 2002, the Registrant completed the acquisition of Novametrix Medical Systems Inc. ("Novametrix"). The acquisition of Novametrix was consummated pursuant to an Agreement and Plan of Merger dated as of December 17, 2001, pursuant to which Respironics Holdings, Inc., a wholly owned subsidiary of the Registrant, was merged with and into Novametrix (the "Merger"). Upon consummation of the Merger, approximately 2,600,000 shares of the Registrant's common stock became issuable to the former stockholders of Novametrix, reflecting an exchange ratio of .2541 shares of the Registrant's common stock for each outstanding share of Novametrix's common stock. In addition, approximately 509,000 shares of Registrant's common stock are reserved for issuance upon exercise of options and warrants issued in replacement of Novametrix options and warrants that were not exercised prior to the consummation of the Merger. The Merger was structured as a tax-free reorganization and is intended to be accounted for as a purchase. Item 7. Financial Statements and Exhibits. (a) Incorporated herein by reference to (a) pages F-1 through F-26 of Novametrix's Annual Report on Form 10-K for the year ended April 29, 2001, (b) pages 3 through 8 of Novametrix's Quarterly Report on Form 10-Q for the quarter ended July 29, 2001, and (c) pages 3 through 9 of Novametrix's Quarterly Reports on Form 10-Q for the quarters ended October 28, 2001 and January 27, 2002. (b) The pro forma financial information of the combined company will be filed by amendment not later than sixty days after the date the initial report on Form 8-K must be filed. (c) Exhibits. Exhibit No. Description ---------- ----------- 2.1 Agreement and Plan of Merger by and between Respironics Holdings, Inc. and Novametrix Medical Systems Inc. including Guarantee of Respironics, Inc. dated as of December 17, 2001(incorporated by reference to Annex A to the Proxy Statement/Prospectus forming a part of Amendment 1 of Registrant's Registration Statement on Form S-4 (File No. 333-77048) dated March 1, 2002). 99.1 Financial Statements of Novametrix (incorporated herein by reference to (a) pages F-1 through F-26 of Novametrix's Annual Report on Form 10-K for the year ended April 29, 2001, (b) pages 3 through 8 of Novametrix's Quarterly Report on Form 10-Q for the quarter ended July 29, 2001, and (c) pages 3 through 9 of Novametrix's Quarterly Reports on Form 10-Q for the quarters ended October 28, 2001 and January 27, 2002. 99.2 Press Release of Registrant dated April 15, 2002. 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 thereunto duly authorized. RESPIRONICS, INC. (Registrant) By /s/ James C. Woll -------------------------- James C. Woll Vice President--Corporate Controller and Treasurer Date: April 26, 2002 -2- EX-99.2 3 dex992.txt PRESS RELEASE Exhibit 99.2 RESPIRONICS COMPLETES ACQUISITION OF NOVAMETRIX MEDICAL SYSTEMS PITTSBURGH, Apr 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- Respironics, Inc. (Nasdaq: RESP), announced today that it has completed its previously announced acquisition of Novametrix Medical Systems (previously Nasdaq/NMS Symbol: NMTX), a leading cardiorespiratory monitoring company. As a result of the acquisition, Novametrix has become a wholly owned subsidiary of Respironics. Combined revenues of the two companies totaled approximately $502 million. The tax-free, stock-for-stock transaction was valued at approximately $85 million. Under the terms of the merger, Novametrix stockholders received 0.2541 shares of Respironics common stock for each share of Novametrix common stock. The exchange ratio was determined based on the weighted-average selling price of $31.48 for Respironics common stock for the 20-day trading period from March 11 through April 8, 2002. Novametrix stockholders received Respironics stock in an amount equal to $8.00 per Novametrix share based upon the weighted average selling price. After accounting for the proceeds of warrant and option exercises, additional Respironics shares issued in connection with the transaction will total approximately 2,530,000. As of the close of trading on April 12, 2002, Novametrix' common stock ceased to be traded on the Nasdaq National Market and shareholders of Novametrix have become shareholders of Respironics. James W. Liken, President and CEO of Respironics said, "We are very excited about the acquisition of Novametrix Medical Systems, which enhances the breadth of our products and services, strengthens our infrastructure and positions us to better serve our customers in the hospital marketplace. Novametrix has a long history of innovation in cardiorespiratory monitoring technologies, which blend well with our hospital therapeutic product offerings. In addition, the developmental care products and services offered through Novametrix' Children's Medical Ventures unit will augment our Homecare Division's infant management business." Parker/Hunter Incorporated acted as financial advisor and Reed Smith LLP acted as legal counsel to Respironics in connection with the acquisition of Novametrix. Respironics, the global resource in the respiratory medical device industry, provides innovative and unique programs to health care providers while helping them to grow and manage their business efficiently. The company's focus is on homecare, hospital and international markets, providing programs that manage sleep disordered breathing, chronic obstructive pulmonary disease, asthma, allergies and sinusitis, infant jaundice and apnea, heart failure and restrictive lung disorders. Globally positioned, the company employs more than 2,200 individuals worldwide and has manufacturing facilities in several domestic and international locations. This document contains forward-looking statements, including statements relating to, among other things, developments in the healthcare industry, third-party reimbursement policies and practices, effectiveness of programs, future sales and acceptance of the company's products and Power Programs(TM), integration of the recent merger, new product development, anticipated cost savings and regulatory requirements, and anticipated levels of earnings and revenues, all of which are subject to change. Actual results may differ materially from those described in any forward-looking statements. Additional information on potential factors that could affect the company's financial results are included in the reports filed with the SEC, including the reports on Form 10-K, 10-Q and 8-K. SOURCE Respironics, Inc. -----END PRIVACY-ENHANCED MESSAGE-----