Business Context and Reporting Period
Company: Alphatec Holdings, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 28, 2011
Event Date: March 28, 2011 (Amendment effective February 21, 2011)
Context: The filing reports the entry into a Material Definitive Agreement by Alphatec Spine, Inc., a wholly owned subsidiary of the registrant.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual amendment regarding supply terms.
Material Changes
On March 28, 2011, Alphatec Spine, Inc. entered into a Letter of Amendment with Invibio Inc. regarding their Supply Agreement (originally dated October 18, 2004). Key changes include:
- Term Extension: The agreement term was extended from October 2014 to December 2018.
- Pricing Adjustment: New pricing for materials supplied by Invibio was negotiated, based on purchase volume and other conditions.
- Continuity: All other terms of the Original Agreement remain in full force and effect.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on financial outlook, or specific risk factors beyond the standard qualification that the summary is subject to the full text of the Amendment Letter. The full Amendment Letter is referenced as an exhibit to the Quarterly Report on Form 10-Q for the period ended March 31, 2011.
Investor Verification Checklist
- Verify the specific volume thresholds and pricing tiers detailed in the attached Amendment Letter.
- Review the Form 10-Q for the quarter ended March 31, 2011, to see the full text of the Amendment Letter.
- Assess the impact of the extended term (through December 2018) on long-term supply chain stability and cost of goods sold.