EMDEON CORPORATION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 15, 2005
Date of Report (Date of earliest event reported)
EMDEON CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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0-24975
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94-3236644 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
669 River Drive, Center 2
Elmwood Park, New Jersey 07407-1361
(Address of principal executive offices, including zip code)
(201) 703-3400
(Registrants telephone number, including area code)
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 7.01. Regulation FD Disclosure
On December 16, 2005, the Registrant issued a press release containing updates on succession
planning and financial guidance. Exhibit 99.1 is being furnished and shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act), nor shall
it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act
of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events
CEO Succession Planning
In light of the health condition of Kevin Cameron, our Chief Executive Officer, the Board of
Directors of Emdeon has determined to actively engage in succession planning with respect to the
Chief Executive Officer position. Mr. Cameron is expected to continue as Chief Executive Officer
until the completion of this process by the Board, which is expected to occur within the next three
to four months. This process will be led by a Committee of the Board consisting of Martin J.
Wygod, James V. Manning and Neil Dimick.
* * * *
Indictments of Former Medical Manager Health Systems Personnel
As previously disclosed, the United States Attorney for the District of South Carolina has
been conducting an investigation of Emdeon Corporation (the Registrant). On December 15, 2005,
the Registrant issued a press release regarding indictments, announced by the United States
Attorney on that day, of certain former officers and employees of Medical Manager Health System,
Inc., a subsidiary of the Registrant that is currently known as Emdeon Practice Services, Inc.
(referred to in this Current Report as Health Systems). Attached hereto as Exhibit 99.2 and
incorporated by reference herein is a copy of that press release.
The former employees who were indicted are:
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Ted W. Dorman, a former Regional Vice President of Health Systems, who was employed
until March 2003. |
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Charles L. Hutchinson, a former Controller of Health Systems, who was employed until
June 2001. |
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Maxie L. Juzang, a former Vice President of Health Systems, who was employed until
August 2005. |
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John H. Kang, a former President of Health Systems, who was employed until May 2001. |
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Frederick B. Karl, Jr., a former General Counsel of Health Systems, who was employed
until April 2000. |
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Franklyn B. Krieger, a former Associate General Counsel of Health Systems, who was
employed until February 2002. |
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Lee A. Robbins, a former Vice President and Chief Financial Officer of Health
Systems, who was employed until September 2000. |
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John P. Sessions, a former President and Chief Operating Officer of Health Systems,
who was employed until September 2003. |
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Michael A. Singer, a former Chief Executive Officer of Health Systems and a former
director of the Registrant, who was most recently employed by the Registrant as its
Executive Vice President, Physician Software Strategies until February 2005. |
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David Ward, a former Vice President of Health Systems, who was employed until June
2005. |
The Indictment charges the persons listed above with conspiracy to commit mail, wire and securities
fraud, a violation of Title 18, United States Code, Section 371 and conspiracy to commit money
laundering, a violation of Title 18, United States Code, Section 1956(h). The indictment charges
Messrs. Sessions and Ward with substantive counts of money laundering, violations of Title 18,
United States Code, Section 1957. The Indictment is filed in, and available from, the District
Court of the United States for the District of South Carolina Beaufort Division.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
The
following exhibits are filed or furnished herewith:
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99.1 |
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Press Release issued by the Registrant, dated December 16, 2005,
regarding updates on CEO succession planning and financial guidance |
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99.2 |
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Press Release issued by the Registrant, dated December 15, 2005,
regarding indictments of former Medical Manager Health Systems
personnel in connection with previously disclosed investigation
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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EMDEON CORPORATION
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Dated: December 16, 2005 |
By: |
/s/ Lewis H. Leicher
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Lewis H. Leicher |
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Senior Vice President |
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
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99.1 |
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Press Release issued by the Registrant, dated December 16, 2005,
regarding updates on CEO succession planning and financial
guidance |
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99.2 |
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Press Release issued by the Registrant, dated December 15, 2005,
regarding indictments of former Medical Manager Health Systems
personnel in connection with previously disclosed investigation |
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