UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 13, 2007
WRIGHT MEDICAL GROUP, INC.
(Exact name of registrant as specified in charter)
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Delaware
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000-32883
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13-4088127 |
(State or other jurisdiction
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(Commission
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(IRS Employer |
of incorporation)
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File Number)
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Identification Number) |
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5677 Airline Road, Arlington, Tennessee
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38002 |
(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (901) 867-9971
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01. Other Events.
Arbitration Ruling
On November 13, 2007, we received a ruling by the arbitrator in a binding arbitration involving a
dispute before the American Arbitration Association with a former consultant who demanded
approximately $3.6 million under a contract we terminated in 2005, as well as current and future
royalties for certain of our products. The consultant claimed that we wrongfully terminated or
breached a product development contract. The arbitrator awarded the former consultant $3.3 million
plus interest at ten percent (10%) from December 17, 2005, until the award is paid; denied the
consultants claim for punitive damages; cancelled a related consulting agreement between the
parties; and denied the consultants claims for royalties for certain of our products.
We will recognize the $3.3 million plus interest within our results of operations for the three
months ended December 31, 2007.
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