WEBMD CORPORATION
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
August 4, 2005
Date of Report (Date of earliest event reported)
WEBMD CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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0-24975
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94-3236644 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification
No.) |
669 River Drive, Center 2
Elmwood Park, New Jersey 07407-1361
(Address of principal executive offices, including zip code)
(201) 703-3400
(Registrants telephone number, including area code)
(Former name or 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 (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))
TABLE OF CONTENTS
All statements contained in this Current Report on Form 8-K , other than statements
of historical fact, are forward-looking statements, including those regarding: our guidance on
future financial results and other projections or measures of our future performance; the planned
initial public offering of WebMD Health equity; the amount and timing of the benefits expected from
strategic initiatives and acquisitions or from deployment of new or updated technologies, products,
services or applications; the prospects for new applications of porous plastics and other porous
media; and other potential sources of additional revenue. These statements are based on our current
plans and expectations and involve risks and uncertainties that could cause actual future events or
results to be different than those described in or implied by such forward-looking statements.
These risks and uncertainties include those relating to: market acceptance of our products and
services; operational difficulties relating to combining acquired companies and businesses;
customer relations and operations challenges resulting from the change in our corporate name and
branding; our ability to form and maintain mutually beneficial relationships with customers and
strategic partners; changes in economic, political or regulatory conditions or other trends
affecting the healthcare, Internet, information technology and plastics industries, including
matters relating to the Health Insurance Portability and Accountability Act of 1996 (HIPAA); and
our ability to attract and retain qualified personnel. Further information about these matters can
be found in our other Securities and Exchange Commission filings. We expressly disclaim any intent
or obligation to update these forward-looking statements.
* * * *
Exhibit 99.1 furnished with this Current Report on Form 8-K includes financial measures in
accordance with accounting principles generally accepted in the United States of America, or GAAP,
as well as non-GAAP financial measures, each of which is expected to be discussed on the Analyst
and Investor Conference Call referred to in Exhibit 99.1. The non-GAAP financial measures include:
our income before taxes, non-cash and other items; and related per share amounts. Exhibit 99.2 to
this Current Report includes a reconciliation of the historical non-GAAP financial measures to
historical GAAP financial measures. Exhibit 99.3 to this Current Report includes a reconciliation
of forward-looking non-GAAP financial measures to forward-looking GAAP financial measures.
Forward-looking income per share before taxes, non-cash and other items is based on 356 million
weighted-average shares outstanding, which is also the projected weighted-average shares
outstanding used in computing forward-looking net income per share. We believe that the above
non-GAAP measures, and changes in those measures, are meaningful indicators of our companys
performance and provide additional information that our management finds useful in evaluating such
performance and in planning for future periods. Accordingly, we believe that such additional
information may be useful to investors. The non-GAAP financial measures should be viewed as
supplemental to, and not as an alternative for, the GAAP financial measures.
Item 2.02. Results of Operations and Financial Condition
On August 4, 2005, we issued a press release announcing our results for the quarter ended June
30, 2005. A copy of the press release is attached as Exhibit 99.1. Exhibit 99.1 is being
furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange
Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in such filing. The
press release was accompanied by the financial tables incorporated by reference into Item 8.01,
below.
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Item 7.01. Regulation FD Disclosure
Exhibit 99.3 to this Current Report includes forward-looking financial information expected to
be discussed on the previously announced conference call with investors and analysts to be held by
us at 4:45 p.m., Eastern time, today (August 4, 2005). The call can be accessed at www.webmd.com
(in the About WebMD section) and a replay will be available at the same location. Exhibit 99.3 is
being furnished and shall not be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific reference in such
filing.
* * *
On August 4, 2005, we issued a press release regarding changing our name to Emdeon
Corporation. A copy of the press release is attached hereto as Exhibit 99.4. Exhibit 99.4 is
being furnished and shall not be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific reference in such
filing.
Additional information regarding the name change can be found under the heading Proposal 2:
Amendment of the WebMD Charter to Change the Corporate Name of WebMD to Emdeon Corporation in the
preliminary Proxy Statement for our 2005 Annual Meeting of Stockholders that we filed with the SEC
on August 4, 2005.
Item 8.01. Other Events.
On August 4, 2005, we issued a press release announcing our results for the quarter ended June
30, 2005. Attached hereto as Exhibit 99.2 and incorporated by reference herein are financial
tables that accompanied the press release announcing the results.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
The following exhibits are filed or furnished herewith:
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99.1
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Press Release, dated August 4, 2005, regarding our results for the
quarter ended June 30, 2005 |
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99.2
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Financial Tables accompanying Exhibit 99.1 |
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99.3
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2005 Financial Guidance Summary |
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99.4
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Press Release, dated August 4, 2005, regarding changing our name to
Emdeon Corporation |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, WebMD Corporation has
duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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WEBMD CORPORATION
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Dated: August 4, 2005 |
By: |
/s/ Lewis H. Leicher
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Lewis H. Leicher |
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Senior Vice President |
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EXHIBIT INDEX
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Exhibit |
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Description |
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99.1
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Press Release, dated August 4, 2005, regarding our results for the
quarter ended June 30, 2005 |
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99.2
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Financial Tables accompanying Exhibit 99.1 |
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99.3
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2005 Financial Guidance Summary |
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99.4
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Press Release, dated August 4, 2005, regarding changing our name
to Emdeon Corporation |
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