-----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, IukO4WwZve+Cjavmo9ff6jXaUvVWXD1jaIv8KPewsLGnp1Yq9ZxBCZ1lHDSQ/moS WuGFLvWz0hfaWYFOuKZ4zQ== 0000831967-06-000036.txt : 20061010 0000831967-06-000036.hdr.sgml : 20061009 20061010080629 ACCESSION NUMBER: 0000831967-06-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061010 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061010 DATE AS OF CHANGE: 20061010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KINETIC CONCEPTS INC /TX/ CENTRAL INDEX KEY: 0000831967 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FURNITURE & FIXTURES [2590] IRS NUMBER: 741891727 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09913 FILM NUMBER: 061135552 BUSINESS ADDRESS: STREET 1: 8023 VANTAGE DR CITY: SAN ANTONIO STATE: TX ZIP: 78230 BUSINESS PHONE: 210.524.9000 MAIL ADDRESS: STREET 1: P0 B0X 659508 CITY: SAN ANTONIO STATE: TX ZIP: 78265-9508 8-K 1 rkci8k101006.htm KCI 8-K 10-10-06

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): October 10, 2006

 

Kinetic Concepts, Inc.

(Exact name of registrant as specified in its charter)

Texas

 

001-09913

 

74-1891727

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

8023 Vantage Drive

San Antonio, Texas

 

78230

(Address of principal executive offices)

 

(Zip Code)

Registrant’s telephone number, including area code:  (210) 524-9000

 

(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:

 

¨

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 Principal Officers; Election of Directors; Appointment of Principal Officers.

 

On October 10, 2006, Kinetic Concepts, Inc. ("KCI") announced that Dennert O. Ware, Chief Executive Officer, President and Director of KCI, formally announced his intention to retire from the company.  Mr. Ware will remain in his position as Chief Executive Officer, President and Director until a successor is appointed by the Board.

 

A copy of the press release announcing the retirement is attached hereto as Exhibit 99.1.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

Description

99.1

Press Release dated October 10, 2006, entitled "KCI Chief Executive Denny Ware Announces Intention to Retire -- Ware to Stay on until Successor is Named."

 


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.

 

 

 

KINETIC CONCEPTS, INC.



 


 


 


Date: October 10, 2006


 


By:


  /s/ Martin J. Landon


 

 

Name:

Martin J. Landon

 

 

Title:

Senior Vice President, Chief Financial Officer

 


EXHIBIT INDEX

 

Exhibit No.

Description

99.1

Press Release dated October 10, 2006, entitled "KCI Chief Executive Denny Ware Announces Intention to Retire -- Ware to Stay on until Successor is Named."

 

EX-99.1 2 rkciceopr101006.htm KCI CEO Press Release

Exhibit 99.1

Contacts:  David M. Holmes – Investors
KCI
(210) 255-6892

Elliot Sloane – Media
Sloane & Company
(212) 446-1860

KCI CHIEF EXECUTIVE DENNY WARE ANNOUNCES
INTENTION TO RETIRE

WARE TO STAY ON UNTIL SUCCESSOR IS NAMED

San Antonio, TX — (Business Wire) — October 10, 2006 — Dennert O. Ware, Chief Executive Officer of Kinetic Concepts Inc. (NYSE: KCI), who has led KCI’s emergence as a leading global provider of advanced wound care and therapeutic devices, today formally announced his intention to retire from the company.  Mr. Ware will remain in his position as CEO until a successor is appointed by the Board and he committed to ensure a successful transition.

Since joining KCI in 2000, Mr. Ware and his team have organically grown KCI into a billion dollar company.  Under his leadership, the company has experienced a compounded annual revenue growth rate of 25%, surpassing $1 billion in total revenue during 2005.  During his tenure, Mr. Ware has stimulated, created and built a global business based on the company's V.A.C.® technology.  He developed the plan to build the infrastructure needed to support the V.A.C., including investment in a highly trained sales force and clinical research, the development of a core competency in homecare billing and claims processing, and the fostering of key relationships with hospitals, physicians, nurses and third-party payers.  At the same time, Mr. Ware has strengthened the company’s dedication to patient care through the development of innovative programs designed to educate physicians and nurses serving patients in hospitals, extended care facilities and at home.

“It has always been my desire to retire around the age of 65,” said Mr. Ware.  “I’ve appreciated the Board’s support over the last six years, and I’m committed to remaining actively engaged until my successor is appointed and thereafter to ensure a successful transition.  My time here has been the most rewarding period of my professional career.  I’m honored to have been a part of the culture of this company that Dr. Leininger founded 30 years ago.  I have had the good fortune to work with a team of dedicated, experienced and deeply talented individuals, who join with me in bringing to market a truly important medical device that has positively influenced the lives of more than a million patients around the world.  I am gratified that during my time here, we have made a difference to patients, doctors and nurses, and to our employees and shareholders.”

Speaking on behalf of the Board of Directors, Ronald W. Dollens, KCI’s Chairman, stated, “Denny is a remarkable CEO and leader.  His force of will and his complete dedication to improving patient outcomes through the use of innovative products has been the cornerstone of this outstanding company’s growth over the last six years.  While we regret Denny’s decision to retire, we understand his desire to do so.  The Board of Directors has been engaged in a search for a successor and we will make a formal announcement when a replacement is hired.  As we enter into a new phase of leadership, the company remains well-positioned with the flagship V.A.C. Therapy continuing as the only negative pressure wound therapy system clinically proven to help promote healing of serious, complex wounds.  This reputation for innovation and the ability to create and build a market will aid KCI as we look to develop and acquire other effective products in related areas.”

In recognition of Mr. Ware’s leadership, vision and impact on KCI’s growth and performance, global consulting company Frost and Sullivan recently recognized Mr. Ware as the 2005 Medical Device CEO of the Year.  In addition, he was selected as a recipient of the Ernst & Young Entrepreneur of the Year® award in 2006.

About KCI

 

Kinetic Concepts, Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. We design, manufacture, market and service a wide range of proprietary products that can improve clinical outcomes while helping to reduce the overall cost of patient care. Our advanced wound care systems incorporate our proprietary V.A.C.® technology, which has been clinically demonstrated to help promote wound healing and can help reduce the cost of treating patients with serious wounds.  Our therapeutic surfaces, including specialty hospital beds, mattress replacement systems and overlays, are designed to address pulmonary complications associated with immobility and to prevent skin breakdown. We have an infrastructure designed to meet the specific needs of medical professionals and patients across all health care settings including acute care hospitals, extended care facilities and patients' homes both in the United States and abroad.

 

Forward-Looking Statements

 

This press release contains forward-looking statements including Mr. Ware’s retirement plans, and the search for a successor.  The forward-looking statements contained herein are based on our current expectations and are subject to a number of uncertainties.  All information set forth in this release is as of October 10, 2006.  We undertake no duty to update this information.  More information about the company is described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2006, which are on file with the SEC and available at the SEC’s website at www.sec.gov.

 

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