Summary of INVACARE CORP - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Election of New Director

On February 9, 2012, the Board of Directors of Invacare Corporation (the "Company") elected Ellen O. Tauscher as a member of the Company's Board of Directors, effective immediately, on the unanimous recommendation of the Nominating Committee of the Board of Directors. Ms. Tauscher has been elected to serve a term expiring at the Company's 2013 Annual Meeting of Shareholders. Ms. Tauscher has been appointed as a member of the Audit Committee and the Compensation and Management Development Committee of the Board of Directors.

Ms. Tauscher, 60, currently provides expert advice to the State Department on arms control, missile defense and civil nuclear cooperation. Previously, in March 2009, Ms. Tauscher was nominated by President Obama to serve as Under Secretary of State for Arms Control and International Security and served from her Senate confirmation in June 2009 to February 6, 2012. Prior to joining the State Department, Ms. Tauscher served from January 1997 to June 2009 as a member of the U.S. House of Representatives from California's 10th Congressional District. While a member of Congress, Ms. Tauscher served on the House Armed Services Committee, the House Transportation and Infrastructure Committee and most recently as Chairman of the House Armed Services Subcommittee on Strategic Forces. Prior to serving in Congress, Ms. Tauscher worked in investment banking and the financial industry in various roles for Bache Halsey Stuart Shields, Bear Stearns & Co., Drexel Burnham Lambert and as an officer of the American Stock Exchange. From 1977 to 1980, Ms. Tauscher was a member of the New York Stock Exchange representing Bache, Halsey Stuart Shields.

There is no arrangement or understanding between Ms. Tauscher and any other person pursuant to which Ms. Tauscher was elected as a director of the Company. Ms. Tauscher has not entered into any related party transactions with the Company that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.

On February 9, 2012, the Company issued a press release announcing the election of Ms. Tauscher to the Board of Directors, which is attached as Exhibit 99.1 to this Form 8-K.

Retirement of Director

On February 10, 2012, James C. Boland informed the Board of Directors of the Company that, due to health reasons, he would not be standing for re-election to the Board of Directors of the Company at the 2012 Annual Meeting of Shareholders. Mr. Boland's decision to not seek reelection is not the result of any disagreement with the Company.