-----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, R7PgT1nZ7EhR3ov3hzprTndSnrckIrONVo5q0iiSDjxL/pwPbLbI8e/aIUIoyPyz 96PDfV09nuLCv4MA5Be8IA== 0001157523-07-003912.txt : 20070423 0001157523-07-003912.hdr.sgml : 20070423 20070423165646 ACCESSION NUMBER: 0001157523-07-003912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070423 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070423 DATE AS OF CHANGE: 20070423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABIOMED INC CENTRAL INDEX KEY: 0000815094 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 042743260 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09585 FILM NUMBER: 07782091 BUSINESS ADDRESS: STREET 1: 22 CHERRY HILL DR CITY: DANVERS STATE: MA ZIP: 01923 BUSINESS PHONE: 9787775410 MAIL ADDRESS: STREET 1: 22 CHERRY HILL DRIVE CITY: DANVERS STATE: MA ZIP: 01923 8-K 1 a5384111.htm ABIOMED, INC. Abiomed, Inc.
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: April 23, 2007

(Date of earliest event reported)

ABIOMED, Inc.

(Exact name of registrant as specified in its charter)

Delaware
 
04-2743260
(State or other Jurisdiction of Incorporation)
 
(IRS Employer Identification Number)
     
0-20584
(Commission File Number)
     
22 Cherry Hill Drive
Danvers, MA 01923
(Address of Principal Executive Offices, including Zip Code)
     
(978) 777-5410
(Registrant's Telephone Number, including Area Code)
 
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:
 

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 5.02   Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On April 23, 2007, we announced the appointment of Dr. David M. Weber as our Chief Operating Officer, effective immediately. Dr. Weber was appointed to serve until the first meeting of the directors following the next annual meeting of stockholders (or special meeting in lieu thereof), and thereafter until his successor is elected and qualified.
 
From April 2005 until April 2007, Dr. Weber served as General Manager, Aviation Business at GE Security - Homeland Protection where he led GE Security’s Aviation and Transportation Business and was responsible for product development, marketing and sales. From June 2004 until April 2005, he served as General Manager, MR Marketing at General Electric Healthcare where he was responsible for strategic product planning, go-to-market and product launch activities including developing product roadmaps and introducing new product technologies to the market, and from March 2001 until April 2005, he served as Manager, Global High Field MR Business, General Electric Medical Systems where he was responsible for new product planning and development. Dr. Weber is 46 years old.
 
Dr. Webber’s starting salary will be $250,000 per year. He received a $12,000 signing bonus. In addition, Dr. Webber will be eligible for an annual bonus with a target pay-out of $100,000. The bonus will be based on personal and company objectives that will be established during the first 30 days of Dr. Weber’s employment. Because information regarding Dr. Weber’s bonus has not been determined as of the date hereof, we will file an amendment to this Form 8-K within four business days after the information becomes available.
 
Dr. Weber has been granted a stock option to purchase 130,000 shares of our common stock, vesting annually over four years.  The stock option has an exercise price equal to the closing price of our common stock on the date of grant, April 23, 2007.  Dr. Weber has executed our standard employment, nondisclosure and noncompetition agreement, which contain customary provisions relating to the handling of proprietary information and assignment of inventions, as well as restrictions on competition and solicitation during the period of employment and for two years post-termination. In addition, the agreement provides that we may terminate Dr. Weber’s employment with or without cause, but in the case of a termination without cause more than six months after the date employment begins, we are required to provide 28-days’ prior notice.
 
Dr. Weber will also be entitled to participate in our other employee benefit plans, including medical, dental, life, long and short-term disability insurance plans and our 401(k) plan, on the same terms as other employees.
 
Item 7.01 Regulation FD Disclosure.
 
A copy of the press release we issued announcing Dr. Weber’s appointment is set forth as Exhibit 99.1 and is incorporated by reference herein. The information contained in this Item 7.01 and Item 9.01 below shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Act of 1934, whether made before or after the date hereof and regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
 

 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Number
Title
   
99.1
Press Release dated April 23, 2007.
 



 
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.
 
     
  ABIOMED, Inc.
 
 
 
 
 
 
  By:   /s/ Daniel J. Sutherby
 
Daniel J. Sutherby
  Chief Financial Officer
 
 
Date: April 23, 2007
 
 

 
EXHIBIT INDEX

 
Number
Title
   
99.1
Press Release dated April 23, 2007.
EX-99.1 2 ex99-1.htm EXHIBIT 99.1 Exhibit 99.1
 
 

 
ABIOMED APPOINTS DAVID WEBER AS CHIEF OPERATING OFFICER
 
 
Danvers, Mass., April 23, 2007—Abiomed, Inc. (NASDAQ: ABMD) today announced the appointment of David M. Weber, Ph.D., as Chief Operating Officer effective immediately. Dr. Weber will be responsible for Abiomed’s global operations initiatives and will play a key role in developing strategic plans relative to Abiomed’s product portfolio of advanced circulatory support technologies.

“David brings extensive operational and scientific experience to Abiomed. He is an expert in product development and diagnostic cardiac imaging,” said Michael R. Minogue, Chairman, CEO and President of Abiomed. “We look forward to his contributions as Chief Operating Officer.”

Dr. Weber brings more than 15 years of management experience, including 13 years with GE Healthcare, where he held a variety of management positions and received several key company awards. He most recently held the position of General Manager of GE Security’s Aviation and Transportation Business where he was responsible for product development, marketing and sales for this greater than $100 million business. He previously held the position of General Manager of Magnetic Resonance (MR) Marketing, a greater than $1 billion business within GE Medical Systems where he was responsible for the strategic product planning, go-to-market and product launch activities including developing product roadmaps and introducing new product technologies to the market. He has also held several positions in marketing, clinical application development and product development.

Prior to joining GE, Dr. Weber completed a post-doctoral assignment at the University of Wisconsin in Madison where he also completed his Master of Science Degree and Doctor of Philosophy Degree (Ph.D.) in Medical Physics. His doctoral thesis, entitled “Quantitative Methods for the Anatomical and Functional Assessment of a Coronary Stenosis,” was on coronary blood flow and cardiac imaging. He also completed an advanced five-year program simultaneously graduating Phi Beta Kappa from Denison University with a Bachelor of Science Degree in Physics and Tau Beta Pi, Honors with Distinction from Columbia University School of Engineering in New York City with a Bachelor of Science Degree in Nuclear Engineering.

“I am excited to join Abiomed’s global team of dedicated professionals in the mission to recover hearts after an acute event,” said Dr. Weber. “Abiomed has an extensive circulatory care portfolio, a robust pipeline and a growing sales and clinical distribution, and I look forward to implementing and leading operational best practices to support the growth of the company.
 
 

 
ABOUT ABIOMED
Based in Danvers, Massachusetts, Abiomed, Inc., is a leading provider of medical devices that provide circulatory support to acute heart failure patients across the continuum of care in heart recovery. Our products are designed to enable the heart to rest, heal and recover by improving blood flow and/or performing the pumping of the heart. For additional information please visit: www.abiomed.com.

FORWARD-LOOKING STATEMENTS
This Release contains forward-looking statements, including statements regarding development of Abiomed's existing and new products, the Company's progress toward commercial growth, and future opportunities. The Company's actual results may differ materially from those anticipated in these forward-looking statements based upon a number of factors, including uncertainties associated with development, testing and related regulatory approvals, anticipated future losses, complex manufacturing, high quality requirements, dependence on limited sources of supply, competition, technological change, government regulation, future capital needs and uncertainty of additional financing, and other risks and challenges detailed in the Company's filings with the Securities and Exchange Commission, including its most recently filed quarterly report on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this Release. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this Release or to reflect the occurrence of unanticipated events.
 
 
Contacts:
 
Daniel J. Sutherby
Liza Heapes
Abiomed, Inc.
Abiomed, Inc.
Chief Financial Officer
Media Relations
978-646-1812
978-646-1668
ir@abiomed.com
mediarelations@abiomed.com
 
GRAPHIC 3 logo.jpg LOGO begin 644 logo.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#I=!T!/B8E M_K>M:A?JBW;16UK%(NV!<*<#*D="HX`^[DYSQ;BT\_#OQIHMI9WMW-I&JEH7 M@EDW$2DJ-VT!5')CYY.`WM4'@?Q#IG@FVU/0=?N&M;R&]9L^2[+("J@%<#./ MESR!D,"/:Q=:C#X^\=Z*NCK*]AH\GVF>]*$*22K!0#@C)0+Z\DXPN3Z4N?G: M?P6^6VAY$/9\D9+^)=>N^MR.XG\0?$#Q;K>F:9K\VBZ9H\BQ$PH1+)+EE))5 M@2,J_P#$!@)\N3BWNVNH`) M(&1FK.C_`/);]?S_`,^*_P`H:WOB#Y?_``@>K>;MV^4,;O7<,?KBN[W8N%.U MT[=^IY]I34ZJE9IOM;3OH4/&G_"%7/A^WUSQ%:)@,*''USD&O8*XY*S:/H(5U2H04TY+FQN!AT/`8CU4-EFKS/5/]&_:`T3R/ MW7VK3F^T>7\OFX6;&['WON)U_NKZ"O3*DPQ-.,'&4-%)7]/ZL%%<%\6-;;3? M"Z6,,NR?4)/+(&[/E+R^".!R5!!ZACQZ+OAG MVE#&.))#)`V&!9=K`;3R.0`?FX/6NZ6"2ER*?O=CSXYA)QYY4WR]SWBBJVGW ML6I:;:WT(817,2RH&QD!@"`<=^:\O^-G_,#_`.WC_P!IURT:7M*BAL==>M[* MDZB5SUFBLGPM_P`BAHO_`%X0?^BUK.\;>,(?"6EI((_.OKC'6?A[Q9\1W.IWUYY%B91L\XL$`Z$Q1 M]"``.>,GN3DC0O/@O>1P@V.LP3R[N5GA,2X]<@MSTXQ^-=#P].+Y9SL_0Y5B MJLUS0IW7K8]AHKQW0O&NO>$=972/%PG>V8#YY?GDB!).\,,^8O)!Y.,<=-I] M?BECGA2:&19(I%#(Z'*L#R"".HK&K1E3>NSZF]#$1K+31K==1]%>3?&S_F!_ M]O'_`+3JK\*]2DTGQ3?^';B=2DN_8!N(,T9YV]@"H8DD#.U?I6JPK='VJ?R, M7C$L1[%KY^J/8Z**XWXG:VND^#YX$EVW-]_H\8&TDJ?OG![;,]#CG38[7=K(!D'Y79&4\>JL#^-?2U:XBA M[%I7O!>/;.34?BG=6,+*LMS-;PH7.%!:.,#..W-7O^%.>( M?^?S2_\`O[)_\16OU6"BG*=KKL8_7:CE*,*=[.V__`/;Z*X?X>>#=1\)?VE] MOFM9/M/E;/(9CC;OSG*C^\*Z+Q3_`,BAK7_7A/\`^BVKFE!*?+%W7G)`YKJGA:<7RNIKZ''#&U9KF5)V]?\`@'L]Q<06 MD#SW,T<,*#+22,%51[D\"F17]G.$,-W!()&"H4D!W$IO`&#R=GS?3GI7DV@_ M$;6/#^K#1O%:,\43>5)*ZYFAX`!)'WU[YY)W9R>`?59M-AGU&WOF><2P9VJ) M6\LY5ARF=N?F/.,].<<5A4HNEI+KLSHI8A5E>'3=/=%RBBBL#I.2\0>$;R\U MM=>T+5/[,U-8#$_[H,D_]W?_`"R0W1<#Y:R)?!OC#7X#9>)/$T/V#>K-'9Q+ MNDP>A.Q<>V=PS@XXKT2BMHUYI)::>6ISRPT)-MWUW5W9_(\S\=P+X6\5>'?& M$.GS36%C&UG>".9/$.EA9%#`/=(C` M$9Y4D$'V(R*VIH8KB"2">-)8I%*/&ZAE92,$$'J"*Y*;X6^"YYY)GT1`TC%B M$GE102<\*&``]@,"L3U(U:,X1C5NG'2Z[?/L9.,XR$8C(`SZG5+2](T_1+);/3+.&UMUQ\D2XW'`&6/5C@ M#).2<O\6=X!QC@?6I_B$L_ACXBV'B.`2,DX M20_O`-S)A'0=P"FWD@_>/TKB?#OB2[\-:J^HVL-O/.T;1_Z2I8#)!)&"#GC& M?0FKWB;QQJ'BNT@@O[2Q3R7WI)#&P<9&",ECP>,CV'I7M>QFIQ2^%*Q\NZ\) M4Y-_&W?^OQ/HF*6.>%)H9%DBD4,CH$__HMJYSX5 M:T-3\)+9R.6N+!S$VYRQ*'E#[#&5`_V/PKH_%/\`R*&M?]>$_P#Z+:O*<'3J M\KZ,]M5%4H\ZZH\F^%_B;1_#HU7^U;S[/Y_E>7^Z=]VW?G[H..HJ7XB^,[/Q M2EGH^BI+DMH?A73M/<,LL4(,JLP8K(Q+.,CC`9B![ M>M>?_&S_`)@?_;Q_[3KH?AAXEN-?T"6&^N/.O+*0(6(.YHR/D+'H3D,,]?E& M>3D\]\;/^8'_`-O'_M.N6C&4<5:6^OY'7B)1E@KPVLOS1Z'X6_Y%#1?^O"#_ M`-%K7D=]&/&/QB:RNRRVRW+0%"Q8>7"#E1TP&V,>.A8]>_KGA;_D4-%_Z\(/ M_1:UY%%,GASXU2S:@P6,WTC%E(PJS*VTDG&`!("?3!ZT\/\`%4:WL["Q7P4D M]KJY[A##%;P1P01I%#&H1(T4*JJ!@``=`!3Z**X#TS@OBUI$-[X2_M%CMGT^ M160\G-B224`5@#GTW8'L`*L M_$S4%L/`MZOF[);DI!'\N=Q+98>WR!N?ZXJA\(;6:W\&/+*FU+B[>2(Y!W*` MJY]OF5ASZ5V;X77OH<&V-]WJM3#^-G_,#_[>/_:=4?B!:7.@>(-%\3V,8&^. M(LV6(,J`<-V`9-HP",A6^M7OC9_S`_\`MX_]IUUOB[0UU[P%)`%9IX(%N(`B MEB71>@`/)(RO?[V<<5M3J;4_$-Q,\D MKL;8%GR68[7=FR.3]S!S_>SVJ(4_8. MBC@^-5M##&L<4=[9*B(``H"Q```=!7N5>(>(_P#DN$/_`%_V?_H,5>WU&*^& MGZ&F"^.K_B9X5XMNH;+XR_:[A]D$%W:22-@G:JK&2<#GH*])_P"%F>$/^@O_ M`.2TO_Q%>9^,K./4?B_)8S,RQ7-S:PN4.&`9(P<9[\UVO_"G/#W_`#^:I_W] MC_\`B*WJJBX0]HWLMCFHNNJE3V23U>YUNB>)M'\1>?\`V5=_:/(V^9^[=-N[ M./O`9Z&CQ3_R*&M?]>$__HMJJ>%_!NG>$OM?V":ZD^T[-_GLIQMW8QA1_>-6 M_%/_`"*&M?\`7A/_`.BVKA]SVBY-M#T4YNB_:;V>QYY\$_\`F.?]N_\`[4KU MFO)O@G_S'/\`MW_]J5ZS6N,_CR^7Y&67_P"[Q^?YL\Y^+N@QWF@QZR@5;BQ8 M*YX!>-B!CIDD,01R``6]:U_AGJS:KX)M1(6:6S8VK,R@`A<%<8[!&4>N0?J8 M?BK>Q6O@6X@<,7NY8XH\8X(8/D^V$/XD5#\)+.6V\$^=(4*W5S)-'M)R%&$Y MXZY0^O&/I5O7"^]T>AFM,:^7JM?Z^X[NBBBN(]`****`"BBB@`KR?XRZQQI^ MB(HR?]+D)7ZHF#G_`'\\>E>L51ET72I[W[;-IEE)=[@WGO;J7R,8.XC.1@8^ ME;4*D:<$@GS6Y;)'!P3@>P') MK6N+>*[MI;:=`\,R&.1#T92,$?E4M%9RDY2YGN:Q@HQ45LCQ#P1=-X/^(]QH MUT\ODSR-9Y8,@9MW[M]G.<]!Z"3.<=?6?%/_`"*&M?\`7A/_`.BVJQ+HNE37 MWVZ73+.2[W!O/:!3)D8P=V,Y&!CZ5;EBCGA>&:-9(I%*NCC*L#P00>HK:K65 M2:G;7J<]##RI4Y4[Z:V/"/AYXRT[PD-1^WPW4GVGRMGD*IQMW9SEA_>%:GC' MXHQ:UH\NF:1:W$*7`"S33$*VW/*@*3UZ$D]"1CG->H?\(MX>_P"@#I?_`(!Q M_P"%2VN@:-97"7%II-A!.F=LD5LBLN1@X(&>A(K>6)HRG[1Q=_4YXX2O&G[) M35O0YSX9^'I]!\,EKV`0WEY)YKJRX=4P`JM^IQVW$=Z5IVI^7]OL+6[\O.SSX5DVYQG&1QG`_*L(5[5O:R.BIAD\/[&)4\+?\ MBAHO_7A!_P"BUKF/B1X)F\1V\%_ID0?4H,1E#(%$D62<#/&03GJ.">O%=U%% M'!"D,,:QQ1J%1$&`H'``'84^HC5E"?/$TG1C.G[.9Y!X=^*TVE6_]F^)+2ZF MFM\IYZ8\W((&UU;'(YRV<\#(SDUNW7Q@T"*'-O;7UQ*8]RKL5%#?W6)/'N0" M/K77ZMXX8J%\QEQ(`#D`.,,!GT/<^M95O\.O"=M<)-'H\9=3D M"25Y%_%68@_B*W]IAI>]*+3\MCF5+%P7+&::\]SR_P`KQ!\4O$:S,CP:>C%5 MX6%A:Z98PV5E"L-M"NU(UZ`?U/3W9Y-\;/^8'_P!O'_M. MO4K'_CPMO^N2_P`A4=[I6G:GY?V^PM;OR\[//A63;G&<9'&<#\JM*H50J@!0 M,`#H*4ZJE3C#M<<*+C5G4OO;\#YW\::'17EQ86 MLUU%CRYI(59TP(>(_\`DN$/_7_9 M_P#H,5>WU1DT72IKX7TNF6;W896%PT"F3(Q@[L9R,#'TJ]4UJJJ**716+H4' M2E-M[NYX/XRO(].^+\E],K-%;7-K,X098A4C)QGOQ7:_\+C\/?\`/GJG_?J/ M_P"+KLKK0-&O;A[B[TFPGG?&Z26V1F;`P,DC/0`5%_PBWA[_`*`.E_\`@''_ M`(5JZ]*<8J<7HK&,9C?Y$*Q[L9QG`YQD_G5B6* M.>%X9HUDBD4JZ.,JP/!!!ZBN=RBIWBM#JC&;I\LWJ>$?#SQEIWA+^TOM\-U) M]I\K9Y"J<;=^AX M[%:^)OBEJ\=S/MBLH6$;2J"(8!C+;5)RS'C/)/*Y(&,>Y6EK#96<%I;IL@@C M6.-
-----END PRIVACY-ENHANCED MESSAGE-----