UNITED STATES
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) January 19, 2016
Waters Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
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01-14010
(Commission File
Number) |
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13-3668640
(IRS Employer
Identification No.) |
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34 Maple Street, Milford, Massachusetts
(Address of Principal Executive Offices) |
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01757
(Zip Code) |
(508) 478-2000
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or
Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to 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)) |
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 19, 2016, Arthur G. Caputo provided notice of his resignation as Executive Vice President and President of the Waters Division of Waters
Corporation (the Company), to be effective as of February 10, 2016. It is expected that Mr. Caputo will remain a non-executive employee of the Company through the end of the year or until such other date as is agreed to by the
Company and Mr. Caputo, at which point he will retire from the Company.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
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Description |
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99.1 |
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Press release dated January 25, 2016 |
SIGNATURE
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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WATERS CORPORATION |
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Dated: January 25, 2016 |
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By: |
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/s/ EUGENE G. CASSIS |
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Name: |
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Eugene G. Cassis |
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Title: |
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Corporate Vice President and Chief Financial Officer |
Exhibit 99.1
Waters Corporation Expands Executive Team
Waters Division President to Retire
Key Leaders Elevated, Focused on Key Products and Markets
MILFORD, Mass. January 25, 2016 Waters Corporation (NYSE:WAT) today announced it will evolve and expand its leadership structure.
The newly formed Executive Committee includes the addition of five current executives who will assume broader responsibilities and work closely with President and CEO Christopher J. OConnell and current executive leaders to build upon the
companys track record of innovation and growth.
These changes coincide with Arthur G. Caputos transition into a non-executive advisory role,
effective February 10, 2016. Mr. Caputo, 64, who has served Waters since 1977 and as Executive Vice President and Waters Division President since 2002, has decided to retire at the end of 2016.
Art is to be congratulated on a long and successful nearly 40-year career devoted to advancing Waters industry-leading technologies and global
reach, and we are grateful for his countless contributions to our success, said OConnell. Our new executive team will enable us to drive our business forward with great continuity, and enhance our strategic and operational
capability. I have high confidence in our experienced team to execute our growth plan, and to accelerate the introduction of meaningful new innovations to market.
Current members of the Executive Committee will play enhanced global functional leadership roles:
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Mark T. Beaudouin, Senior Vice President, General Counsel and Secretary |
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Eugene G. Cassis, Senior Vice President and Chief Financial Officer |
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Elizabeth B. Rae, Senior Vice President, Global Human Resources |
Five executives have been promoted to the Executive Committee:
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Michael C. Harrington, Senior Vice President, Global Markets, responsible for global marketing, sales, and customer support operations. |
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Terrance P. Kelly, Senior Vice President and President, TA Instruments, responsible for thermal analysis and rheology business operations. |
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Rohit Khanna, Senior Vice President, Applied Technology, responsible for chemistry, informatics and service offerings. |
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Ian S. King, Senior Vice President, Instrument Technology, responsible for separations and mass spectrometry instrument platforms. |
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David A. Terricciano, Senior Vice President, Global Operations, responsible for global quality, manufacturing and supply chain operations. |
Further commentary will be made during the Companys conference call to discuss full year 2015 financial results on Tuesday, January 26, 2016 at
8:30 a.m. eastern time. To listen to the call, connect to www.waters.com, choose Investor Relations and click on the Live Webcast. A replay will be available through February 2, 2016 at midnight eastern time, similarly
by webcast and also by phone at 402-220-4152.
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About Waters Corporation (www.waters.com)
Waters
Corporation (NYSE:WAT) develops and manufactures advanced analytical and material science technologies for laboratory dependent organizations. For more than 50 years, the company has pioneered a connected portfolio of separations science, laboratory
information management, mass spectrometry and thermal analysis systems.
CAUTIONARY STATEMENT
This release may contain forward-looking statements regarding future results and events. For this purpose, any statements that are not statements
of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words, feels, believes, anticipates, plans, expects, intends,
suggests, appears, estimates, projects, and similar expressions, whether in the negative or affirmative, are intended to identify forward-looking statements. The Companys actual future results
may differ significantly from the results discussed in the forward-looking statements within this release for a variety of reasons, including and without
limitation, uncertainties relating to organizational/leadership transition plans; foreign exchange rate fluctuations potentially affecting translation of the Companys future non-U.S.
operating results; the impact on demand among the Companys various market sectors from economic, sovereign and political uncertainties; fluctuations in expenditures by the Companys customers, in particular large pharmaceutical companies;
introduction of competing products by other companies and loss of market share; pressures on prices from competitors and/or customers; regulatory, economic and competitive obstacles to new product introductions; other changes in demand from the
effect of mergers and acquisitions by the Companys customers; increased regulatory burdens as the Companys business evolves, especially with respect to the U.S. Food and Drug Administration and U.S. Environmental Protection Agency, among
others; shifts in taxable income in jurisdictions with different effective tax rates; the outcome of tax examinations or changes in respective country legislation affecting the Companys effective tax rate; the ability to access capital,
maintain liquidity and service our debt in volatile market conditions, particularly in the U.S., as a large portion of the Companys cash is held and operating cash flows are generated outside the U.S.; environmental and logistical obstacles
affecting the distribution of products and risks associated with lawsuits and other legal actions, particularly involving claims for infringement of patents and other intellectual property rights. Such factors and others are discussed more fully in
the sections entitled Forward-Looking Statements and Risk Factors of the Companys annual report on Form 10-K for the year ended December 31, 2014 and Form 10-Q for the period ended October 3, 2015 as filed
with the Securities and Exchange Commission, which Forward-Looking Statements and Risk Factors discussions are incorporated by reference in this release. The forward-looking statements included in this release represent the
Companys estimates or views as of the date of this release report and should not be relied upon as representing the Companys estimates or views as of any date subsequent to the date of this release.
For Waters Corporation
Jeff Tarmy, 508-482-2314
Corporate Communications
jeff_tarmy@waters.com
or
John Lynch, 508-482-2314
Investor Relations
john_lynch@waters.com
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