0001193125-19-300570.txt : 20191126 0001193125-19-300570.hdr.sgml : 20191126 20191126084510 ACCESSION NUMBER: 0001193125-19-300570 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20191122 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191126 DATE AS OF CHANGE: 20191126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LABORATORY CORP OF AMERICA HOLDINGS CENTRAL INDEX KEY: 0000920148 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 133757370 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11353 FILM NUMBER: 191247669 BUSINESS ADDRESS: STREET 1: 358 S MAIN ST CITY: BURLINGTON STATE: NC ZIP: 27215 BUSINESS PHONE: 3362291127 MAIL ADDRESS: STREET 1: 358 S MAIN ST CITY: BURLINGTON STATE: NC ZIP: 27215 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL HEALTH LABORATORIES HOLDINGS INC DATE OF NAME CHANGE: 19940314 8-K 1 d840101d8k.htm 8-K 8-K
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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): November 22, 2019 

 

LABORATORY CORPORATION OF AMERICA HOLDINGS

(Exact name of registrant as specified in Charter) 

 

Delaware

 

1-11353

 

13-3757370

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

358 South Main Street,

Burlington, North Carolina

 

27215

(Address of principal executive offices)

 

(Zip Code)

336-229-1127

Registrant’s telephone number, including area code

N/A

(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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, $0.10 par value

 

LH

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 


Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Laboratory Corporation of America® Holdings (“LabCorp”) today announced that on November 22, 2019, LabCorp’s Board of Directors appointed Jeffrey A. Davis as a member of the Board of Directors, effective December 1, 2019. Mr. Davis will also serve on the Audit Committee and the Quality and Compliance Committee of the Board of Directors. Mr. Davis will be entitled to receive compensation for his service on the Board of Directors consistent with LabCorp’s director compensation program, as described in LabCorp’s most recent proxy statement, filed with the Securities and Exchange Commission on March 29, 2019.

Mr. Davis currently serves as Executive Vice President and Chief Financial Officer of Qurate Retail Group, and prior to that served as Executive Vice President and Chief Financial Officer of J. C. Penney Company Inc. Mr. Davis has more than 30 years of experience, including CFO roles at companies such as Darden Restaurants Inc. and Walmart U.S.

Item 7.01. Regulation FD.

On November 26, 2019, LabCorp issued a press release announcing the appointment of Mr. Davis. A copy of that press release is attached to this current report as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

99.1

   

Press Release dated November 26, 2019 issued by Laboratory Corporation of America Holdings.

         
 

104

   

Cover Page Interactive Data File (embedded within the Inline XBRL document).


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.

 

LABORATORY CORPORATION OF AMERICA HOLDINGS

 

Registrant

Date: November 26, 2019

 

 

 

             

 

 

By:

 

/s/ Sandra van der Vaart

 

 

 

Sandra van der Vaart

 

 

 

Senior Vice President, Global

General Counsel and Secretary

EX-99.1 2 d840101dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

LabCorp Contacts:

Media: Pattie Kushner — 336-436-8263

Media@LabCorp.com

Investors: Clarissa Willett — 336-436-5076    

Investor@LabCorp.com

LABCORP APPOINTS SENIOR FINANCE EXECUTIVE JEFFREY A. DAVIS

TO ITS BOARD OF DIRECTORS

Current CFO of Qurate Retail Group and Former CFO of J. C. Penney

Brings More Than 30 Years of Finance Experience Across Multiple Industries

BURLINGTON, N.C., Nov. 26, 2019 — LabCorp® (NYSE: LH), a leading global life sciences company that is deeply integrated in guiding patient care, today announced that it has appointed senior finance executive Jeffrey A. Davis, current CFO of Qurate Retail Group and former CFO of J. C. Penney Company Inc., to its board of directors effective Dec. 1. He will also serve on the board’s audit committee and quality and compliance committee.

“With more than 30 years of finance experience, including senior roles at some of the world’s most recognizable companies, Jeff brings a wealth of experience across a highly relevant range of industries, from healthcare to digital to retail,” said David P. King, executive chairman of LabCorp. “He will be an excellent addition to our board of directors and we are delighted that he has agreed to help guide LabCorp on our continuing journey of growth and transformation.”

In addition to his current role as executive vice president and CFO of Qurate Retail Group and former role as executive vice president and CFO of J. C. Penney Company Inc., Davis has served in CFO roles at Darden Restaurants Inc. and Walmart U.S., among others.

“For more than 50 years, LabCorp has been improving health and improving lives,” said Davis. “I am honored to join the board as we set the stage for the company’s next 50 years of success. I look forward to working with my fellow board members, Adam Schechter as the new CEO, and LabCorp’s stellar leadership team.”

Davis’ appointment fills the vacancy created when Robert E. Mittelstaedt Jr. retired from the board at the conclusion of his term on May 9.

Davis previously has served on the board of Massmart Holdings Limited, a South African multi-brand mass discount retailer that is publicly traded on the Johannesburg Stock Exchange (JSE); the board of trustees for the National Urban League; the board of visitors for the Joseph M. Katz Graduate School of Business at the University of Pittsburgh; the business school board of visitors for Wake Forest University; the board of directors for the Washington Regional Medical Foundation; and the board of trustees for the Collegiate School.

 

1


He has received numerous awards, including the Distinguished Alumnus Award from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh, and the National Achievement in Industry Award from the National Association of Black Accountants Inc. He has also been named among the 100 Most Powerful Executives in Corporate America by Black Enterprise magazine, and among the 100 Most Influential Blacks in Corporate America by Savoy magazine.

Davis holds a bachelor’s degree in accounting from the Pennsylvania State University and a master’s degree in business administration from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

About LabCorp

LabCorp (NYSE: LH), an S&P 500 company, is a leading global life sciences company that is deeply integrated in guiding patient care, providing comprehensive clinical laboratory and end-to-end drug development services. With a mission to improve health and improve lives, LabCorp delivers world-class diagnostic solutions, brings innovative medicines to patients faster, and uses technology to improve the delivery of care. LabCorp reported revenue of more than $11 billion in 2018. To learn more about LabCorp, visit www.LabCorp.com, and to learn more about Covance Drug Development, visit www.Covance.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements, including but not limited to statements with respect to the Company’s leadership, future operations and opportunities. Each of the forward-looking statements is subject to change based on various important factors, many of which are beyond the Company’s control, including without limitation, the performance of employees and executives, the willingness of employees and executives to remain employed, competitive actions and other unforeseen changes and general uncertainties in the marketplace, changes in government regulations, including healthcare reform, customer purchasing decisions, including changes in payer regulations or policies, other adverse actions of governmental and third-party payers, changes in testing guidelines or recommendations, the effect of public opinion on the Company’s reputation, adverse results in material litigation matters, failure to maintain or develop customer relationships, our ability to develop or acquire new products and adapt to technological changes, failure in information technology, systems or data security, adverse weather conditions, and employee relations. These factors, in some cases, have affected and in the future (together with other factors) could affect the Company’s ability to implement the Company’s business strategy and actual results could differ materially from those suggested by these forward-looking statements. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements. The Company has no obligation to provide any updates to these forward-looking statements even if its expectations change. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Further information on potential factors, risks and uncertainties that could affect operating and financial results is included in the Company’s most recent Annual Report on Form 10-K and subsequent Forms 10-Q, including in each case under the heading RISK FACTORS, and in the Company’s other filings with the SEC.

# # #

 

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Document and Entity Information
Nov. 22, 2019
Cover [Abstract]  
Entity Registrant Name LABORATORY CORP OF AMERICA HOLDINGS
Amendment Flag false
Entity Central Index Key 0000920148
Document Type 8-K
Document Period End Date Nov. 22, 2019
Entity Incorporation State Country Code DE
Entity File Number 1-11353
Entity Tax Identification Number 13-3757370
Entity Address, Address Line One 358 South Main Street
Entity Address, City or Town Burlington
Entity Address, State or Province NC
Entity Address, Postal Zip Code 27215
City Area Code 336
Local Phone Number 229-1127
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.10 par value
Trading Symbol LH
Security Exchange Name NYSE
Entity Emerging Growth Company false
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