8-K

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): March 4, 2010

SYNOVIS LIFE TECHNOLOGIES, INC.

(Exact name of Registrant as specified in its charter)

State of Incorporation: Minnesota
Commission File No.: 0-13907
I.R.S. Employer Identification No.: 41-1526554

Address of principal executive offices:
2575 University Ave. W.
St. Paul, Minnesota 55114

Telephone Number: (651) 796-7300

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):

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 5.07 Submission of Matters to a Vote of Security Holders.

On March 4, 2010, Synovis Life Technologies, Inc. (the “Company”) held its Annual Meeting of Shareholders for the following purposes:

1)	To elect eight (8) directors to hold office until the next Annual Meeting of Shareholders or until their successors are duly elected and qualified.
2)	To consider and act upon a proposal to amend the Company’s Employee Stock Purchase Plan (the “ESPP”) to increase the number of shares of the Company’s common stock, $.01 par value per share, specifically reserved for issuance under the ESPP by 100,000 shares.
3)	To consider a proposal to ratify the selection of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending October 31, 2010.

All proposals were approved by the shareholders. The results of each voting proposal were as follows:

(1) Election of Directors

Nominee	For		Withheld		Broker Non-Votes
William G. Kobi		6,221,727		121,678		3,348,814
Richard W. Kramp		6,221,765		121,640		3,348,814
Karen Gilles Larson		6,201,143		142,262		3,348,814
Mark F. Palma		6,217,581		125,824		3,348,814
Richard W. Perkins		5,790,609		552,796		3,348,814
Timothy M. Scanlan		6,221,309		122,096		3,348,814
John D. Seaberg		5,866,202		477,203		3,348,814
Sven A. Wehrwein		5,357,538		985,867		3,348,814

(2) Proposal to amend the Company’s ESPP

For	Against	Abstentions	Broker Non-Votes
5,744,584	547,097	51,724	3,348,814

(3) Proposal to ratify Grant Thornton LLP as Independent Registered Public Accounting Firm

For	Against	Abstentions	Broker Non-Votes
9,119,974	518,773	53,472	-0-

Item 8.01. Other Events.

On March 8, 2010, the Company announced in a press release that its board of directors approved a stock repurchase program whereby the Company has been authorized to repurchase up to 1,000,000 shares of its common stock in the open market or in private transactions. A copy of the press release announcing this action is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.		Description
	99.1	Press Release dated March 8, 2010 (filed herewith).

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.

	SYNOVIS LIFE TECHNOLOGIES, INC.
Dated: March 8, 2010	By:	/s/ Brett Reynolds
		Brett Reynolds Vice-President of Finance, Chief Financial Officer and Corporate Secretary

SYNOVIS LIFE TECHNOLOGIES, INC.

FORM 8-K

INDEX TO EXHIBITS

Exhibit No.		Description
	99.1	Press Release dated March 8, 2010 (filed herewith).

EX-99.1

Exhibit 99.1

FROM:	FOR:
Padilla Speer Beardsley Inc.	Synovis Life Technologies, Inc.
1101 West River Parkway	2575 University Ave.
Minneapolis, Minnesota 55415	St. Paul, Minnesota 55114
CONTACT:	CONTACT:
Nancy A. Johnson/Marian Briggs	Brett Reynolds, CFO
(612) 455-1745/ (612) 455-1742	(651) 796-7300

FOR IMMEDIATE RELEASE

SYNOVIS LIFE TECHNOLOGIES ANNOUNCES NEW SHARE REPURCHASE PROGRAM

     ST. PAUL, Minn., March 8, 2010 — Synovis Life Technologies, Inc. (Nasdaq: SYNO), a leading biomaterial and surgical products company, today announced that its board of directors has approved a program for the company to repurchase up to 1 million shares of its common stock, in addition to the approximately 66,000 shares remaining to be purchased under an existing share repurchase program approved by the board in September 2009. Synovis plans to make purchases in either the open market or through private transactions from time to time, in accordance with Securities and Exchange Commission regulations. The timing and extent to which the company buys back shares will depend on market conditions and other corporate considerations. The repurchase program does not have an expiration date. As of Jan. 31, 2010, the company had $56.5 million in cash, cash equivalents and investments. This represents the third stock buyback Synovis has announced in less than two years.

     Richard W. Kramp, president and chief executive officer, said, “We are pleased to announce that our board has authorized an additional share repurchase program. This action clearly reflects our board’s confidence in the company’s financial strength, the long-term value of Synovis and our overall commitment to our shareholders. We believe that our stock is undervalued in the market.”.”

     Kramp continued, “Synovis offers a comprehensive portfolio of products for soft tissue repair, and we are positioned for growth in several large, expanding markets. Our Veritas^® products are rapidly gaining acceptance among physicians. Additionally, the Flow Coupler just received FDA marketing clearance, doubling our microsurgical opportunity. At Synovis Orthopedic and Wound we recently hired and trained a direct U.S. sales team, with each sales representative focused on establishing their respective

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Synovis Life Technologies, Inc.
March 8, 2010
Page 2

territory. With a strong balance sheet, we have the resources to conduct another stock buyback and invest in current operations to maximize our market opportunities while still being able to respond to attractive M&A opportunities.”

About Synovis Life Technologies, Inc.

     Synovis Life Technologies, Inc., a diversified medical device company based in St. Paul, Minn., develops, manufactures and markets mechanical and biological products used by several surgical specialties to facilitate the repair and reconstruction of soft tissue damaged or destroyed by disease or injury. The company’s products include implantable biomaterials for soft tissue repair, devices for microsurgery and surgical tools — all designed to reduce risks and/or facilitate critical surgeries, improve patient outcomes and reduce healthcare costs. For additional information on Synovis Life Technologies and its products, visit the company’s Web site at www.synovislife.com.

     Forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements can be identified by words such as “should”, “could”, “may”, “will”, “expect”, “believe”, “anticipate”, “estimate”, “continue”, or other similar expressions. Certain important factors that could cause results to differ materially from those anticipated by the forward-looking statements made herein include the timing of product introductions, the ability of our expanded direct sales force to grow revenues, the impact of increased competition in various markets we serve, the ability to re-establish our newly acquired Orthopedic and Wound products in the marketplace, outcomes of clinical and marketing studies as well as regulatory submissions, the number of certain surgical procedures performed, the ability to identify, acquire and successfully integrate suitable acquisition candidates, any operational or financial impact from the current global economic downturn, the potential impact of proposed healthcare reform legislation, as well as other factors found in the Company’s filings with the SEC, such as the “Risk Factors” section in Item 1A of the Annual Report on Form 10-K for the year ended October 31, 2009.

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