-----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, FI08BOJmc4St93AWuj1S4t2IoqK8P5VUb1S1iclCpkuYs7gjqmWRIJB2WDPZNS5M AY0k7ZlzzDBPUtJripDeUg== 0001104659-06-039045.txt : 20060602 0001104659-06-039045.hdr.sgml : 20060602 20060602115138 ACCESSION NUMBER: 0001104659-06-039045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060526 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060602 DATE AS OF CHANGE: 20060602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENPATH MEDICAL INC CENTRAL INDEX KEY: 0000833140 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 411533300 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19467 FILM NUMBER: 06882094 BUSINESS ADDRESS: STREET 1: 15301 HGHWY 55 W CITY: PLYMOUTH STATE: MN ZIP: 55447 BUSINESS PHONE: 7635592613 FORMER COMPANY: FORMER CONFORMED NAME: MEDAMICUS INC DATE OF NAME CHANGE: 19960330 8-K 1 a06-13051_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  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): May 26, 2006

 

Enpath Medical, Inc.

(Exact name of registrant as specified in its charter)

 

Minnesota

(State or Other Jurisdiction of Incorporation)

 

0-19467

 

41-1533300

(Commission File Number)

 

(IRS Employer Identification No.)

 

15301 Highway 55 West

 

 

Plymouth, Minnesota

 

55447

(Address of Principal Executive Offices)

 

(Zip Code)

 

(763) 559-2613

(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))

 

 



 

Section 1               Registrant’s Business and Operations

Item 1.01               Entry into a Material Definitive Agreement

 

On May 26, 2006, Enpath Medical, Inc. entered into a Lease Agreement as Tenant with Plymouth 2200, LLP, a Minnesota limited liability partnership, as Landlord with respect to premises located at 2300 Berkshire Lane North, Plymouth, Minnesota.

 

The Lease covers approximately 95,000 square feet and runs for a ten-year period commencing January 1, 2007, with one five-year renewal period at Enpath’s option. Under the terms of the Lease, Enpath will have 2007 monthly base rent payments of approximately $34,300 and will be responsible for its pro rata portion of the operating expenses and taxes of the overall facility. The Lease includes an annual increase of the lesser of 2.5 percent and the annual increase in the consumer price index.

 

The Company intends to consolidate its existing Plymouth and Bloomington Minnesota operations into the new facility on or about January 1, 2007. The Company’s existing lease in Plymouth expires on June 30, 2007 and its existing lease in Bloomington expires on December 31, 2008. The Company will attempt to sublease its existing facilities as it moves to the new facility.

 

Section 9. - Financial Statements and Exhibits.

Item 9.01   Financial Statements and Exhibits

 

The following are filed or furnished as Exhibits to this Report:

 

(c)                                  Exhibits

Exhibit 99.1    Press Release dated June 1, 2006

 

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.

 

 

ENPATH MEDICAL, INC.

 

 

Dated: June 2, 2006

By:

 /s/ John C. Hertig

 

 

John C. Hertig

 

Chief Executive Officer

 

2


EX-99.1 2 a06-13051_1ex99d1.htm EX-99

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

Approved By:

 

John C. Hertig (763) 577-2242

Chief Executive Officer

Enpath Medical, Inc.

 

 

 

 

 

Contacts:

 

Investors

EVC Group
Doug Sherk (415) 896-6820

Jennifer Beugelmans (415) 896-6820

 

June 1, 2006

 

Enpath Medical Plans Facility Consolidation

Long-Term Lease Signed for 95,000 Square Feet at Plymouth Site

 

MINNEAPOLIS—Enpath Medical, Inc. (NASDAQ: NPTH) announced today that it has entered into a ten- year lease for 95,000 square feet of space at 2300 Berkshire Lane in Plymouth, Minnesota. The Company intends to take occupancy on July 1, 2006 to commence build-out activities and to move its operations in early January 2007. Enpath currently operates two separate facilities in Plymouth and in Bloomington, Minnesota that will be consolidated into the new location.

 

“This facility will enable us to gain significant efficiencies by incorporating world class quality and manufacturing methodologies into the facility design and operation,” said John C. Hertig, Chief Executive Officer. “In addition, expanding our space from less than 70,000 square feet today to 95,000 square feet will enable expansion for the double digit organic growth that we are anticipating over the next several years. As a supplier to other medical device companies, we believe it is critical that we have the ability to incorporate efficient lean manufacturing techniques within our operations while providing capacity to grow with our customers’ needs.”

 

About Enpath Medical

 

Enpath Medical, Inc., headquartered in Plymouth, Minnesota, is a leader in the design, development, manufacture and marketing of percutaneous delivery systems and stimulation leads technologies. Its proprietary products include venous vessel introducers, articulating and fixed curve delivery catheters, epicardial and endocardial stimulation leads, and other products for use in pacemaker, defibrillator, catheter and infusion port procedures as well as neuromodulation markets. Its products, which are primarily finished goods, are sold worldwide through partnering relationships with other medical device companies.

 



 

Safe Harbor

 

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by some statements made herein. All forward-looking statements involve risks and uncertainties. A number of factors that could cause results to differ materially are discussed in our Annual Report on Form 10-K for the year ended December 31, 2005, as well as in our quarterly reports on Form 10-Q and Current Reports on Form     8-K. Among the factors that could cause results to differ materially are the following: the ability of Enpath to complete the integration of the Stimulation Lead operations acquired in October 2003; Enpath’s dependence upon a limited number of key customers for its revenue; the ability of Enpath and its distribution partner to successfully introduce the Myopore Rx steroid epicardial lead and the Fastac Flex epicardial lead delivery tool; the ability of Enpath’s customers to successfully develop and market therapies that utilize the Company’s advanced delivery systems; Enpath’s dependence upon licensing agreements with third parties for the technology underlying some of its products; Enpath’s ability to effectively manufacture its products, including steerable catheters, the Myopore Rx steroid lead and the Fastac Flex delivery device, in anticipated required quantities; Enpath’s ability to develop or acquire new products to increase its revenues; Enpath’s ability to attract and retain key personnel; introduction of competitive products; Enpath’s ability to successfully protect its intellectual property against misappropriation or claims of infringement by third parties; government regulatory matters; economic conditions; and Enpath’s ability to raise capital. All forward-looking statements of Enpath, whether written or oral, and whether made by or on behalf of Enpath, are expressly qualified by these cautionary statements. In addition, Enpath disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

 


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