Business Context and Reporting Period
This Form 8-K is filed by Wilson Greatbatch Technologies, Inc. (not Integer Holdings Corp as indicated in metadata) for the reporting period ending July 24, 2002, covering events occurring on July 9, 2002. The registrant is a Delaware corporation headquartered in Clarence, New York.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses on a corporate transaction rather than periodic financial performance results.
Material Changes
- Acquisition of Assets: On July 9, 2002, the company completed the acquisition of Globe Tool and Manufacturing Company, Inc. ("Globe") by purchasing all outstanding stock from Charter Oak Partners and other shareholders.
- Target Profile: Globe is described as a leading manufacturer of high-precision titanium cases for implantable medical devices, including pacemakers and cardioverter defibrillators.
- Financing Update: The company executed an Amended and Restated Credit Agreement on July 9, 2002, involving Wilson Greatbatch Ltd., various lenders, and Manufacturers and Traders Trust Company as the administrative agent.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure of the acquisition and credit agreement. The transaction was announced via a press release incorporated by reference.
Investor Verification Checklist
- Verify the purchase price and payment terms in the Stock Purchase Agreement (Exhibit 10.1).
- Review the terms of the Amended and Restated Credit Agreement (Exhibit 10.2) to understand new debt covenants or capacity.
- Confirm the strategic fit and expected synergies of Globe's titanium case manufacturing capabilities with Wilson Greatbatch's existing product lines.
- Check subsequent filings for the pro forma financial impact of the acquisition.