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| TFX > SEC Filings for TFX > Form 8-K on 20-Jul-2009 | All Recent SEC Filings |
20-Jul-2009
Material Impairments, Regulation FD Disclosure, Financial Statements and Exhibits
In July, 2009, management of Teleflex Incorporated (the "Company") determined that a non-cash charge of approximately $25 million for impairment of goodwill related to its Power Systems division (the "Power Systems Business") was required to be recorded in its statement of income for the second quarter of 2009. This determination resulted from the sales process related to the Power Systems Business, which led management to conclude that the carrying value of the business would not be recoverable.
On July 20, 2009, the Company issued a press release announcing the sale of its Power Systems Business and certain impairment charges to be recorded in its statement of income for the second quarter of 2009, which consist of the goodwill impairment charge described in Item 2.06 of this Current Report and additional non-cash charges for impairment of goodwill and other intangible assets related to businesses within the Company's Aerospace and Commercial segments. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.
The information furnished pursuant to Item 7.01 of this Current Report, including Exhibit 99.1, shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered "filed" or incorporated by reference therein.
(d) Exhibits.
99.1 Press Release, dated July 20, 2009
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