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WMGI > SEC Filings for WMGI > Form 8-K on 19-Dec-2012All Recent SEC Filings

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Form 8-K for WRIGHT MEDICAL GROUP INC


19-Dec-2012

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events.

Wright Medical Group, Inc., a Delaware corporation ("the Company") has filed this Current Report on Form 8-K to provide a recast of the presentation of its consolidated financial statements filed with the Securities and Exchange Commission ("SEC") in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 filed on February 24, 2012 (the "2011 Form 10-K") to reflect changes in the Company's reporting segments which took effect during the first quarter of 2012.

From January 1, 2009 until December 31, 2011, the Company operated its business as one operating segment, orthopaedics products. During the first quarter of 2012, the Company's management, including its chief executive officer, who is its chief operating decision maker, began managing the Company's operations as two reportable business segments based on the two primary markets that we operate within: Extremities and OrthoRecon. These consolidated financial statements and related footnotes, including prior year financial information, are presented as if there were two reporting segments for all periods presented.

Attached as Exhibit 99.1 are the recasted consolidated financial statements and revised notes to the consolidated financial statements, as well as the Report of Independent Registered Public Accounting Firm on the consolidated financial statements, which is unchanged from the 2011 Form 10-K, other than the dual date to reflect the recast and reissuance. Only the following notes have been revised and updated from their previous presentation to reflect the Company's two reporting segments:

Note 1 - Organization and Description of Business
Note 2 - Summary of Significant Accounting Policies
Note 3 - Acquisitions
Note 7 - Goodwill and Intangibles
Note 19 - Segment Data

Similarly, Management's Discussion and Analysis of Financial Condition and Results of Operations of the 2011 Form 10-K has been revised and updated from its previous presentation to reflect the Company's two reporting segments. The revised presentation is attached as Exhibit 99.2

The Company is providing in this Form 8-K recasted financial statements in the 2011 Form 10-K and revised Management's Discussion and Analysis of Financial Condition and Results of Operation of the 2011 Form 10-K because such information is being incorporated by reference into a filing with the SEC under the Securities Act of 1933, as amended. The change in segments had no impact on the Company's historical consolidated financial position, results of operations or cash flows, as reflected in the recasted consolidated financial statements contained in Exhibit 99.1 to this Form 8-K. The recasted consolidated financial statements do not represent a restatement of previously issued consolidated financial statements.

In order to preserve the nature and character of the disclosures set forth in such items as originally filed in the 2011 Form 10-K, no attempt has been made in this Form 8-K, and it should not be read, to modify or update disclosures as presented in the 2011 Form 10-K to reflect events or occurrences after the date of the filing of the 2011 Form 10-K. Therefore, this Form 8-K (including Exhibits 99.1 and 99.2 hereto) should be read in conjunction with the 2011 Form 10-K and the Company's filings


made with the SEC subsequent to the filing of the 2011 Form 10-K, including, Forms 10-Q for the first, second and third quarters of 2012.




Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 Exhibit
  Number                                  Description
      23      Consent of Independent Registered Public Accounting Firm
    99.1      Financial Statements from the Company's Annual Report on Form 10-K
              for the fiscal year ended December 31, 2011, revised solely to
              reflect the change in segment reporting
    99.2      Management's Discussion and Analysis of Financial Condition and
              Results of Operations from the Company's Annual Report on Form 10-K
              for the fiscal year ended December 31, 2011, revised solely to
              reflect the change in segment reporting
     101      The following materials from Wright Medical Group, Inc. Annual
              Report on Form 10-K for the year ended December 31, 2011 formatted
              in XBRL (Extensible Business Reporting Language): (1) the
              Consolidated Balance Sheets, (2) Parenthetical Data to the
              Consolidated Balance Sheets, (3) the Consolidated Statements of
              Operations, (4) Parenthetical Data to the Consolidated Statements of
              Operations, (5) the Consolidated Statements of Cash Flows (6) the
              Consolidated Statements of Changes in Stockholders' Equity and
              Comprehensive Income and (7) Notes to Consolidated Financial
              Statements, tagged as blocks of text.


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