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lmat20200413_8k.htm

 

 

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):  April 13, 2020

 

LeMaitre Vascular, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number:  001-33092

 

Delaware

   

04-2825458

(State or other jurisdiction of

   

(IRS Employer

incorporation)

   

Identification No.)

 

63 Second Avenue

Burlington, MA 01803

(Address of principal executive offices, including zip code)

 

781-221-2266

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

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:

 

☐   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))

 

Indicate by checkmark whether the company is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12c-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

 

 Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each class

Trading symbol

Name of exchange on which registered

Common stock, $0.01 par value per share

LMAT 

The Nasdaq Global Market

 

 

 
 

 

Item 2.02. Preliminary Results of Operations and Financial Condition.

 

On April 13, 2020, LeMaitre Vascular, Inc. (the “Company”) issued a press release regarding its preliminary financial and operational results for the quarter ended March 31, 2020 and the withdrawal of prior annual financial guidance issued for 2020. A copy of the press release is furnished as Exhibit 99.1 to this Report.

 

The information in this Item 2.02, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

 

 

Item 9.01. Financial Statements and Exhibits.

 

The following exhibits are furnished or filed as part of this Report, as applicable:

 

 

(d)

Exhibits.

 

Exhibit No.

  

Description
     

99.1

  

Press release issued by LeMaitre Vascular, Inc. on April 13, 2020.

 

 

Exhibit Index

 

Exhibit No.

  

 Description
     

99.1

  

 Press release issued by LeMaitre Vascular, Inc. on April 13, 2020.

 

 
 

 

Signature(s)

 

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.

 

 

  

  

  

  

 

LeMaitre Vascular, Inc.

 

                

 

                

Date: April 13, 2020

  

  

  

By: 

 

Joseph P. Pellegrino, Jr.

/s/     JOSEPH P. PELLEGRINO, JR.       

 

 

 

 

 

 

 

 

Joseph P. Pellegrino, Jr.

Chief Financial Officer

 

 
ex_181253.htm

Exhibit 99.1

 

LeMaitre Vascular Withdraws Prior Annual Guidance for 2020

And Announces Preliminary Q1 2020 Financial Results

 

 

BURLINGTON, MA, April 13, 2020 - LeMaitre Vascular, Inc. (Nasdaq:LMAT), a provider of vascular devices, implants and services, announced today Q1 2020 preliminary, unaudited results and withdrew prior annual guidance for 2020 due to the potential impact of COVID-19.

 

Q1 2020 Preliminary Results

 

 

●

Sales of $30.4mm to $30.6mm
 

●

Operating income of $4.2mm to $4.4mm
 

●

Earnings of $0.15 to $0.16 per diluted share
 

●

Cash balance of $30.6mm and no long-term debt at March 31, 2020

 

The COVID-19 pandemic began to negatively impact sales in the second half of March. Due to the unpredictable magnitude and duration of the COVID-19 pandemic, the Company is withdrawing its previously announced annual guidance for 2020.

 

The Company will release its first quarter 2020 financial results, as well as additional information related to the impact of the COVID-19 pandemic, on Thursday, April 30, 2020, after the market close. The company has scheduled a conference call for 5:00 PM EST the same day to discuss the results.

 

Access to the live call is available by dialing 844-239-5284 (+1-512-961-6497 for international callers), passcode 3349306. The call can also be accessed live or via replay through a webcast at www.lemaitre.com/investor.

 

About LeMaitre Vascular

 

LeMaitre Vascular is a provider of devices, implants and services for the treatment of peripheral vascular disease, a condition that affects more than 200 million people worldwide. The Company develops, manufactures and markets disposable and implantable vascular devices to address the needs of its core customer, the vascular surgeon.

 

LeMaitre and the LeMaitre Vascular logo are registered trademarks of LeMaitre Vascular, Inc. 

 

For more information about the Company, please visit http://www.lemaitre.com.

 

 

CONTACT: J.J. Pellegrino, CFO

LeMaitre Vascular

781-425-1691

jjpellegrino@lemaitre.com