Business Context and Reporting Period
This Form 8-K is a current report filed by Wilson Greatbatch Technologies, Inc. (not Integer Holdings Corp) on October 27, 2004. The filing discloses the entry into a material definitive agreement regarding a supplier partnership.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on the terms of a contractual amendment.
Material Changes
On October 27, 2004, the Company entered into a first amendment to its Supplier Partnering Agreement with Pacesetter, Inc. (d/b/a St. Jude Medical CRMD). Key changes include:
- Term Extension: The initial term of the agreement has been extended to 8 years, effective January 1, 2005.
- Pricing and Terms: Pricing and terms for certain batteries have been revised.
- Original Agreement: The original agreement began on January 1, 2004, and was scheduled to expire at the end of 2006.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on financial outlook, or specific risk factors beyond the disclosure of the agreement itself. The Company intends to file a copy of the Amendment with its Annual Report on Form 10-K for the fiscal year ended December 31, 2004.
Investor Verification Checklist
- Verify the specific financial impact of the revised pricing and terms for batteries.
- Confirm the total contract value associated with the 8-year extension.
- Review the attached Press Release (Exhibit 99.1) for additional strategic context.
- Monitor the upcoming Form 10-K for the full text of the Amendment.