Business Context and Reporting Period
This Form 8-K is filed by Wilson Greatbatch Technologies, Inc. (WGT), a Delaware corporation, on April 29, 2004. The report discloses a temporary suspension of trading under the company's employee benefit plans, specifically the Equity Plus Plan - 401(k) Retirement Plan.
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 administrative changes to employee benefit plans and does not contain financial performance data.
Material Changes
The material change reported is the implementation of a "blackout period" preventing participants in the 401(k) plan from engaging in transactions involving WGT common stock or associated derivative securities. This restriction is necessitated by the merger of the 401(k) plan and the stock bonus plan, alongside the transfer of recordkeeping services to Vanguard Participant Services, effective July 1, 2004.
Guidance, Outlook, and Risks
- Blackout Period Dates: The special blackout period for directors and executive officers begins at 4:00 p.m. Eastern Time on June 4, 2004, and is expected to end the week of July 4, 2004.
- Participant Restrictions:
- Participants with open brokerage accounts cannot transfer funds or conduct purchases from June 4 to June 22, 2004.
- Participants with other accounts cannot direct investments, obtain loans, or obtain distributions from June 23 to the week of July 4, 2004.
- Compliance: The company has notified directors and executive officers pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002 and Regulation BTR.
- Information Access: Interested parties may obtain actual start and end dates of the blackout period by contacting Ernest Norman at the company's principal executive offices.
Key Facts for Investor Verification
- Verify the exact start and end dates of the blackout period, as the filing provides an expected end date ("week of July 4, 2004") rather than a specific calendar date.
- Confirm the impact of the plan merger and recordkeeping transfer to Vanguard on future administrative fees or investment options.
- Monitor compliance with Sarbanes-Oxley Section 306 regarding insider trading restrictions during the blackout window.