SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 11, 2002
INVACARE CORPORATION
--------------------
(Exact Name of Registrant as Specified in its Charter)
OHIO
(State or Other Jurisdiction of Incorporation)
0-12938 95-2680965
------------------- -------------------
(Commission File No.) (IRS Employer Identification No.)
One Invacare Way, P.O. Box 4028, Elyria, Ohio 44036
----------------------------------------------------
(Address of Principal Executive Offices)
(440) 329-6000
--------------
(Registrant's Telephone Number, Including Area Code)
--------------------------------------------------------------------------------
Item 5. Other Events.
Invacare Corporation news release dated April 11, 2002.
News Release
Media Inquiries:
Susan A. Elder
Director of Marketing
Communications
(440) 329-6549
Investor Inquiries:
John Bingle
Director of Investor Relations
(440) 329-6379
Invacare Corporation Announces Resignation of its Chief Financial Officer
ELYRIA, OH (April 11, 2002) - Invacare Corporation announced today that its
Chief Financial Officer, Thomas R. Miklich, is resigning to accept a position as
Chief Financial Officer of OM Group, Inc., a $6.0 billion international producer
and marketer of metal-based specialty chemical products. Miklich has served as
Invacare's chief financial officer and general counsel since joining the company
in 1993.
Commenting on Miklich's decision to resign, Invacare Chairman and CEO A.
Malachi Mixon, III, said, "Tom has been a valuable member of my senior
management team and has made many contributions to our success during his tenure
with Invacare. Although we will miss Tom, we understand his decision to pursue
an opportunity at a larger company, and we wish him well."
Invacare has already begun the process of finding a replacement for
Miklich, who will remain with Invacare for several more weeks to assist in a
smooth and orderly transition.
Commenting on his departure from Invacare, Miklich said, "Invacare is an
outstanding company, and I have thoroughly enjoyed my long tenure here. My
decision to leave is based on the opportunity to move to a larger company, with
which I also have had a long relationship, having served on the board of
directors of OM Group since 1993 when the company went public. I wish everyone
at Invacare continued success."
Invacare Corporation (NYSE: IVC) is the global leader in the manufacture
and distribution of innovative home medical products which promote recovery and
active lifestyles through more than 25,000 providers. The company, which had
2001 revenues of $1.05 billion, goes to market in the following channels of
distribution: home care, mass retail and institutional. Within these channels of
distribution, Invacare participates in the following product segments: Home
Care, which includes rehab products, respiratory products, manual wheelchairs,
home care beds, therapeutic support surfaces and personal care products marketed
by Invacare's Home Care Group; Soft Goods and Supplies, which includes ostomy,
incontinence, wound care and diabetic supplies marketed by Invacare Supply
Group; and Institutional, which includes nursing home beds, patient lifts and
slings, nursing home furniture and bathing systems marketed by Invacare
Continuing Care Group. The company's headquarters are in Elyria, Ohio, and the
firm has manufacturing plants in the United States, Australia, Canada, Denmark,
Germany, France, Mexico, New Zealand, Portugal, Sweden, Switzerland and the
United Kingdom. For more information about the company, visit Invacare's website
at www.invacare.com.
###