UNITED STATES ___________________________ |
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): December 26, 2006
Cardinal Health, Inc. (Exact Name of Registrant as Specified in its Charter) Ohio (State or Other Jurisdiction of Incorporation) |
1-11373 | 31-0958666 | |||
(Commission File Number) | (IRS Employer Identification | |||
Number) |
7000 Cardinal Place, Dublin, Ohio 43017 (Address of Principal Executive Offices, Including Zip Code) |
(614) 757-5000 (Registrants 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 (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) |
Item 7.01 Regulation FD Disclosure
A copy of the press release issued on December 26, 2006 of Cardinal Health, Inc. (the Company) announcing the settlement described in Item 8.01 below is furnished under this report as Exhibit 99.01.
Item 8.01 Other Events
On December 26, 2006, the Company entered into a civil settlement that resolves the previously disclosed investigation by the Attorney Generals Office of the State of New York (NYAG) focusing on trading in the secondary market for pharmaceuticals. In the settlement, the Company does not admit or deny the NYAGs findings. Under the terms of the settlement, the Company will pay $3.0 million dollars to the State of New York, $1.0 million to the NYAG to cover investigation costs and $7.0 million to a not-for-profit entity affiliated with the New York State Department of Health and the Roswell Park Cancer Institute that assists those entities through financial support and technology transfers. The Company previously recorded reserves with respect to this matter for the $11.0 million settlement.
The Company has voluntarily undertaken and implemented a number of business reforms governing its conduct with respect to the matters examined as part of the investigation. The Company also will adopt and implement additional business reforms required by the settlement within its pharmaceutical distribution business. A copy of the Assurance of Discontinuance between the Company and the NYAG is filed with this report as Exhibit 99.02 and the description of this settlement is qualified in its entirety by reference to such exhibit.
There can be no assurance that the settlement will not adversely affect existing litigation or cause additional legal or regulatory proceedings or result in adverse publicity and other adverse impacts to the Companys business.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.01 Press release issued by the Company on December 26, 2006, and furnished under this report. 99.02 Assurance of Discontinuance effective as of December 26, 2006. |
SIGNATURES |
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.
Cardinal Health, Inc. | ||||
(Registrant) | ||||
Date: December 26, 2006 | By: /s/ Eric R. Slusser | |||
| ||||
Name: Eric R. Slusser | ||||
Title: Executive Vice President, Chief Accounting | ||||
Officer and Controller |
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EXHIBIT INDEX |
99.01 Press release issued by the Company on December 26, 2006, and furnished under this report. 99.02 Assurance of Discontinuance effective as of December 26, 2006. |
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