|
Quotes & Info
|
| CAH > SEC Filings for CAH > Form 8-K on 1-Sep-2009 | All Recent SEC Filings |
1-Sep-2009
Change in Directors or Principal Officers, Regulation FD Disclosure, Financia
(e)
On August 27, 2009, Cardinal Health, Inc. ("Cardinal Health"), as the sole stockholder of CareFusion Corporation ("CareFusion"), then a wholly owned subsidiary of Cardinal Health, approved the CareFusion Corporation 2009 Long Term Incentive Plan (the "LTIP"). As a result of the approval by CareFusion's sole stockholder, the LTIP became effective as of August 31, 2009. The term of the LTIP will end on the earlier to occur of: (i) the date the LTIP is terminated in accordance with its terms; or (ii) August 31, 2019. As a result of the separation of CareFusion from Cardinal Health effective August 31, 2009 (the "CareFusion separation"), certain of Cardinal Health's named executives have received CareFusion equity awards under the LTIP in substitution of, or in connection with, adjustments made to outstanding Cardinal Health stock options and restricted share units ("RSUs") held by the named executives.
The LTIP permits CareFusion to grant stock options, stock appreciation rights, stock awards, other stock-based awards and cash awards. The total number of shares of CareFusion's common stock available for awards under the LTIP (subject to certain anti-dilution provisions of the LTIP) is 40,000,000 shares; provided that no more than 16,000,000 shares may be subject to awards that are issued under the LTIP in accordance with the terms of Article VI of the Employee Matters Agreement, dated as of August 31, 2009, by and between Cardinal Health and CareFusion (the "Employee Matters Agreement"), in substitution of, or in connection with, adjustments made to outstanding stock options, restricted shares and RSUs that were granted under the Cardinal Health, Inc. 2005 Long-Term Incentive Plan, as amended and restated as of November 5, 2008, and any similar plan sponsored or assumed by Cardinal Health or any of its affiliates.
The LTIP provides that it shall be administered by the CareFusion board of directors, a committee appointed by the CareFusion board of directors, or their respective delegates.
The LTIP approved by Cardinal Health, as the sole stockholder of CareFusion, is filed as Exhibit 99.1 to CareFusion's Registration Statement on Form S-8 (File No. 333-161615), filed with the Securities and Exchange Commission on August 28, 2009. The foregoing description of the LTIP is qualified in its entirety by reference to the full text of the LTIP.
On September 1, 2009, Cardinal Health issued a news release announcing that it had completed the spin-off of CareFusion through the pro rata distribution of approximately 81% of the shares of CareFusion common stock to Cardinal Health's shareholders. A copy of the news release is included as Exhibit 99.1 to this report.
(d) Exhibits
Exhibit No. Description of Exhibit
10.1 CareFusion Corporation 2009 Long-Term Incentive Plan (incorporated
by reference to Exhibit 99.1 to CareFusion's Registration
Statement on Form S-8 (File No. 333-161615) filed with the
Securities and Exchange Commission on August 28, 2009).
10.2 Term Sheet for Adjustments to Cardinal Health Stock Options and
Terms of CareFusion Stock Options.
10.3 Term Sheet for Adjustments to Cardinal Health Restricted Share
Units and Terms of CareFusion Restricted Share Units.
99.1 News release issued by Cardinal Health, Inc. on September 1, 2009.
|
|
|