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| EX-99.1 - EXHIBIT 99.1 - Conmed Healthcare Management, Inc. | v231988_ex99-1.htm |
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
Date of Report (Date of Earliest Event Reported): August 12, 2011
CONMED HEALTHCARE MANAGEMENT, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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0-27554
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42-1297992
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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7250 Parkway Dr.
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Suite 400
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Hanover, MD
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21076
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(Address of principal executive offices)
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(Zip Code)
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(410) 567-5520
(Registrant’s Telephone Number, including Area Code)
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Item 8.01. Other Information.
On August 12, 2011, Conmed Healthcare Management, Inc. (“Conmed”) held a conference call discussing its results of operations for the period ended June 30, 2011 and the proposed merger with Ayelet Investments LLC (“Ayelet”) and Ayelet Merger Subsidiary, Inc., which transaction was previously announced on July 12, 2011. A copy of the transcript from the conference call is filed herewith as Exhibit 99.1 pursuant to Rule 14a-12. While every effort has been made to provide an accurate transcription from the conference call, there may be typographical mistakes, inaudible statements, errors, omissions or inaccuracies in the transcript. Conmed believes that none of these inaccuracies are material. A replay of the recorded conference call will be accessible for a limited time through Conmed’s web site at www.conmedin.com.
Additional Information About This Transaction
Conmed filed a preliminary proxy statement with the Securities and Exchange Commission on July 21, 2011 in connection with the proposed transaction with Ayelet. The information in the preliminary proxy statement is not complete and may be changed. When completed, a definitive proxy statement and a form of proxy will be mailed to the stockholders of Conmed in connection with the stockholder meeting to be called to vote on approval of the proposed transaction with Ayelet. The proxy statement will be mailed to Conmed’s stockholders. Conmed’s stockholders are urged to read the proxy statement and other relevant materials when they become available because they will contain important information about the proposed merger with Ayelet. Investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the SEC at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Conmed on its corporate website at www.conmedinc.com.
Conmed’s officers and directors may be deemed to be participants in the solicitation of proxies from Conmed’s stockholders with respect to the proposed transaction with Ayelet. Information about Conmed’s executive officers and directors, and their ownership of Conmed’s common stock, is set forth in the proxy statement for Conmed’s 2011 Annual Meeting of Stockholders, which was filed with the SEC on April 22, 2011. Additional information regarding the direct and indirect interests of Conmed’s executive officers and directors in the proposed transaction with Ayelet will be set forth in the definitive proxy statement (when available) and other relevant documents regarding the proposed transaction with Ayelet, when filed with the SEC. Copies of these documents may be obtained, free of charge, as described above.
Forward Looking Statements
This Form 8-K and the exhibits attached hereto may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements with respect to Conmed's plans, objectives, expectations and intentions; and (ii) other statements that are not historical facts including statements which may be identified by words such as “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “projects,” “potentially,” or similar expressions. These statements are based upon the current beliefs and expectations of Conmed's management, and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond Conmed's control) including, without limitation: potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed Ayelet transaction; unexpected costs or expenses resulting from the proposed Ayelet transaction; litigation or adverse judgments relating to the proposed Ayelet transaction; risks relating to the consummation of the contemplated Ayelet transaction, including the risk that the required stockholder approval might not be obtained in a timely manner or at all, or that other closing conditions will not be satisfied; other factors not currently anticipated by management which may materially and adversely affect the closing of the Ayelet transaction; Conmed's ability to increase revenue and to continue to obtain new contracts, contract renewals and extensions; inflation exceeding Conmed’s projection of the inflation rate of cost of services under multi-year contracts; the ability to obtain bonds; decreases in occupancy levels or disturbances at detention centers; malpractice litigation; the ability to utilize third-party administrators for out-of-facility care; compliance with laws and government regulations, including those relating to healthcare; competition; investigation and auditing of our contracts by government agencies; termination of contracts due to lack of government appropriations; material adverse changes in economic and industry conditions in the healthcare market; negative publicity regarding the provision of correctional healthcare services; dependence on key personnel and the ability to hire skilled personnel; influences of certain stockholders; increases in healthcare costs; insurance; public company obligations; limited liability of directors and officers; Conmed’s ability to meet the NYSE Amex continued listing standards; and stock price volatility. More detailed information about Conmed and the risk factors that may affect the realization of forward-looking statements is set forth in Conmed’s filings with the Securities and Exchange Commission, including Conmed’s Annual Report on Form 10-K, as amended for the year ended December 31, 2010. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. Conmed does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
(d) Exhibits
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Exhibit No.
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Description
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99.1
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Transcript of August 12, 2011 Conference Call
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SIGNATURES
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 hereunto duly authorized.
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CONMED HEALTHCARE MANAGEMENT, INC.
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Date: August 12, 2011
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By:
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/s/ Thomas W. Fry
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Name:
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Thomas W. Fry
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Title:
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Senior Vice President, Chief Financial Officer and
Secretary
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