Business Context and Reporting Period
This Form 8-K Current Report was filed by Zimmer Holdings, Inc. (now Zimmer Biomet Holdings, Inc.) on December 11, 2009. The filing addresses a corporate governance matter regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of personnel changes and contains no financial data.
Material Changes
The material change disclosed is the departure of a director. Dr. Augustus A. White, III, M.D., Ph.D., has advised the Company that he will not stand for re-election as a director at the 2010 Annual Meeting of Stockholders scheduled for May 3, 2010. His term expires at that time. The filing explicitly states this decision was not the result of any disagreement with the Company, its management, or the Board of Directors. Dr. White, age 73, had served as a director since 2001.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The sole focus is the voluntary departure of a director.
Key Facts for Investor Verification
- Dr. Augustus A. White, III will not seek re-election as a director at the May 3, 2010 Annual Meeting.
- The departure is voluntary and not due to any disagreement with the Company.
- Dr. White served on the Board for eight years, from 2001 until the expiration of his term in 2010.
- No financial performance data is included in this specific filing.