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STE > SEC Filings for STE > Form 8-K on 18-May-2016All Recent SEC Filings

Show all filings for STERIS PLC

Form 8-K for STERIS PLC


Results of Operations and Financial Condition, Change in Directors or Principal Office

ITEM 2.02. Results of Operations and Financial Condition.

On May 18, 2016, STERIS plc issued a press release announcing financial results for the three and twelve month periods ended March 31, 2016. A copy of this press release is attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Item 2.02 of this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933.

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

The Company adopted on May 17, 2016 a new Management Incentive Compensation Plan, Effective April 1, 2016 ("MICP"). The MICP covers members of management of the Company and its subsidiaries, including all named executive officers, other than the President and CEO. The President and CEO will be covered by a separate plan. The MICP provides annual incentive compensation to participants based upon achievement of financial and other objectives. Each participant is assigned a target bonus annually based upon the participant's position or responsibility. The target bonus is expressed as a percentage of the participant's base salary. If all objectives are achieved, the participant may receive the target percentage of his or her salary as a bonus. If objectives are exceeded a greater amount may be payable, and if objectives are not achieved a lesser payment or no payment may be made. All payments are at the discretion of the Company's Compensation Committee, which administers the MICP.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  No.                                     Description

99.1         Press Release issued by STERIS plc on May 18, 2016 announcing
             financial results for the three and twelve month periods ended
             March 31, 2016.

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