-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KD+fgjsTw4gXa+23RK6CzzzJ3wsccbC/l5MCQaRbkRwLPfTOYdmQbBXtlG/H8ow/ wiAC2+nE7IdUievcwAAyPg== 0000950123-07-010750.txt : 20070802 0000950123-07-010750.hdr.sgml : 20070802 20070802172647 ACCESSION NUMBER: 0000950123-07-010750 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070802 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070802 DATE AS OF CHANGE: 20070802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARR PHARMACEUTICALS INC CENTRAL INDEX KEY: 0000010081 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 221927534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09860 FILM NUMBER: 071021482 BUSINESS ADDRESS: STREET 1: 2 QUAKER RD BOX 2900 CITY: POMONA STATE: NY ZIP: 10970-0519 BUSINESS PHONE: 8453621100 MAIL ADDRESS: STREET 1: 2 QUAKER RD STREET 2: BOX 2900 CITY: POMONA STATE: NY ZIP: 10970-0519 FORMER COMPANY: FORMER CONFORMED NAME: BARR LABORATORIES INC DATE OF NAME CHANGE: 19920703 8-K 1 y37915e8vk.htm FORM 8-K 8-K
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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 2, 2007
BARR PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   1-9860   42-1612474
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)
     
400 Chestnut Ridge Road, Woodcliff Lake, NJ   07677
(Address of principal executive offices)   (Zip code)
(201) 930-3300
(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:
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))
 
 

 


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Item 5.02(b) — Departure of Directors or Certain Officers
Item 9.01 Financial Statements and Exhibits
SIGNATURES
EX-99.1: PRESS RELEASE


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Item 5.02(b) — Departure of Directors or Certain Officers
     On August 2, 2007, Barr Pharmaceuticals, Inc. (the “Company”) issued a press release announcing the resignation of Paul M. Bisaro, the Company’s President and Chief Operating Officer. Bruce L. Downey, Barr’s Chairman and Chief Executive Officer, will assume these responsibilities on an interim basis. Mr. Bisaro has also resigned from the Company’s Board of Directors. A copy of the release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
     
Exhibits    
99.1
  Barr Pharmaceuticals, Inc. press release August 2, 2007

 


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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  BARR PHARMACEUTICALS, INC.
 
 
Date: August 2, 2007  /s/ William T. McKee    
  William T. McKee   
  Vice President, Chief Financial Officer, and Treasurer   
 

 

EX-99.1 2 y37915exv99w1.htm EX-99.1: PRESS RELEASE EX-99.1
 

Exhibit 99.1

         
400 Chestnut Ridge Road
Woodcliff Lake, NJ 07677
201-930-3300
  N E W S   R E L E A S E

CONTACT: Carol A. Cox, 201-930-3720           EMAIL: ccox@barrlabs.com

Barr Announces Departure of President and COO; CEO Downey to Assume
Responsibilities

Woodcliff Lake, NJ — August 2, 2007... Barr Pharmaceuticals, Inc. (NYSE: BRL), today announced the resignation of Paul M. Bisaro, President and Chief Operating Officer. Bruce L. Downey, Barr’s Chairman and Chief Executive Officer, will assume these responsibilities on an interim basis. The Company stated that while it regrets Bisaro’s decision to leave the Company, it is confident that the departure will not have a negative effect on U.S. or international operations and will not delay or hamper the nearly completed integration of PLIVA.

“We regret that Paul has accepted a position with Watson Pharmaceuticals. I can understand his desire to assume a position of higher visibility and responsibility and I wish him well,” said Bruce L. Downey. “The operations portion of our business that had previously reported to Paul will now report directly to me, and the reporting structure within the organization has now been appropriately modified. This team of extremely talented and experienced executives, many of whom have worked closely with me since I joined Barr in 1994, will continue to be responsible for the day-to-day execution of responsibilities necessary to ensure each department meets the objectives that have resulted in our success over the years.”

“Since the acquisition of PLIVA last year, we have in place the multi-disciplinary teams that have been managing the day-to-day integration of our two organizations, and we have met many of the major integration milestones,” Downey continued. “I expect that these integration activities will continue and that we will fully integrate both organizations on schedule. We also have in place the global management structures for all critical departments. The transition caused by Paul’s departure will have no direct impact on the objectives we have established for the global business for the remainder of 2007 and into the future.”

About Barr Pharmaceuticals, Inc.

Barr Pharmaceuticals, Inc. is a global specialty pharmaceutical company that operates in more than 30 countries worldwide and is engaged in the development, manufacture and marketing of generic and proprietary pharmaceuticals, biopharmaceuticals and active pharmaceutical ingredients. A holding company, Barr operates through its principal subsidiaries: Barr Laboratories, Inc., Duramed Pharmaceuticals, Inc. and PLIVA d.d. and its subsidiaries. The Barr Group of companies markets more than 115 generic and 25 proprietary products in the U.S. and more than 1,200 products globally outside of the U.S.

 


 

Forward-Looking Statements

Except for the historical information contained herein, the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by their use of words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates” and other words of similar meaning. Because such statements inherently involve risks and uncertainties that cannot be predicted or quantified, actual results may differ materially from those expressed or implied by such forward-looking statements depending upon a number of factors affecting the Company’s business. These factors include, among others: the difficulty in predicting the timing and outcome of legal proceedings, including patent-related matters such as patent challenge settlements and patent infringement cases; the outcome of litigation arising from challenging the validity or non-infringement of patents covering our products; the difficulty of predicting the timing of FDA approvals; court and FDA decisions on exclusivity periods; the ability of competitors to extend exclusivity periods for their products; our ability to complete product development activities in the timeframes and for the costs we expect; market and customer acceptance and demand for our pharmaceutical products; our dependence on revenues from significant customers; reimbursement policies of third party payors; our dependence on revenues from significant products; the use of estimates in the preparation of our financial statements; the impact of competitive products and pricing on products, including the launch of authorized generics; the ability to launch new products in the timeframes we expect; the availability of raw materials; the availability of any product we purchase and sell as a distributor; the regulatory environment in the markets where we operate; our exposure to product liability and other lawsuits and contingencies; the increasing cost of insurance and the availability of product liability insurance coverage; our timely and successful completion of strategic initiatives, including integrating companies (such as PLIVA d.d.) and products we acquire and implementing our new SAP enterprise resource planning system; fluctuations in operating results, including the effects on such results from spending for research and development, sales and marketing activities and patent challenge activities; the inherent uncertainty associated with financial projections; our expansion into international markets through our PLIVA acquisition, and the resulting currency, governmental, regulatory and other risks involved with international operations; our ability to service our significantly increased debt obligations as a result of the PLIVA acquisition; changes in generally accepted accounting principles; and other risks detailed in our SEC filings, including in our Transition Report on Form 10-K/T for the six months ended December 31, 2006.

The forward-looking statements contained in this press release speak only as of the date the statement was made. The Company undertakes no obligation (nor does it intend) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required under applicable law.

[EDITOR’S ADVISORY: Barr Pharmaceuticals, Inc. news releases are available free of charge through PR Newswire’s News On-Call site at http://www.prnewswire.com/comp/089750.html. Barr news releases and corporate information are also available on Barr’s website (www.barrlabs.com). For complete indications, warnings and contraindications, contact Barr Laboratories’ Product Information Department at 1-800-Barr Lab. All trademarks referenced herein are the property of their respective owners.]

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