Business Context and Reporting Period
This Form 8-K is a current report filed by Greatbatch, Inc. (not Integer Holdings Corp) on February 28, 2013. The filing reports a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Board Election: Joseph W. Dziedzic was elected to the Board of Directors effective February 28, 2013.
- Committee Assignments: Mr. Dziedzic will serve on the Audit Committee and the Compensation & Organization Committee.
- Term: His term lasts until the next annual meeting of stockholders.
Management Commentary and Risks
Management Commentary: The filing highlights Mr. Dziedzic's extensive background, including his role as Vice President and CFO of The Brink's Company since 2009 and a 20-year career at General Electric in various CFO and financial planning roles.
Compensation: Mr. Dziedzic will receive remuneration in accordance with the Company's Director compensation program disclosed in the proxy statement dated April 20, 2012.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the full text of the press release filed as Exhibit 99.1 for additional details on the election.
- Review the proxy statement dated April 20, 2012, to confirm the specific Director compensation structure applicable to Mr. Dziedzic.
- Confirm the date of the next annual meeting of stockholders to determine the exact end date of Mr. Dziedzic's term.