Cerner Corporation (NASDAQ:CERN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 9, 2017, Cerner Corporation (“Cerner”) announced that Neal Patterson, its Chairman, Chief Executive Officer (“CEO”) and co-founder passed away on July 9, 2017. Effective as of July 9, 2017, Cerner's Board of Directors appointed Cliff Illig, Cerner's Vice Chairman and co-founder, as Chairman and Interim CEO. Cerner's Board of Directors has been engaged in an ongoing succession planning process and expects to announce a new CEO soon.
Mr. Illig, 66, is a co-founder of Cerner, and has served as a director since 1980. He has served as Vice Chairman since March 1999. He previously served as Cerner's Chief Operating Officer until October 1998 and as Cerner's President until March of 1999. Currently, Mr. Illig serves as a member of the Executive Committee of the Heart of America Council of Boy Scouts of America. In addition, he is a co-owner of Kansas City's Major League Soccer franchise, Sporting Kansas City. He is also a member of the Board of Directors of various entities affiliated with the Stowers Institute for Medical Research.
There have been no changes to Mr. Illig's compensation at this time. Mr. Illig has no family relationships with any of Cerner's officers or directors. Information concerning Mr. Illig's interests requiring disclosure under Item 404(a) of Regulation S-K is incorporated by reference to Cerner's definitive proxy statement filed with the Securities and Exchange Commission on April 24, 2017.
Item 9.01 Other Events.
On July 9, 2017, Cerner issued a press release announcing the matters disclosed above under Item 9.01. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
99.1Press Release of Cerner Corporation dated July 9, 2017
CERNER CORP /MO/ ExhibitEX-99.1 2 a991pressreleasedatedjuly9.htm EXHIBIT 99.1 Exhibit Exhibit 99.1CERNER ANNOUNCES PASSING OF CHAIRMAN AND CEO NEAL PATTERSONCliff Illig named chairman and interim CEOKANSAS CITY,…To view the full exhibit click here
About Cerner Corporation (NASDAQ:CERN)
Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. It offers software, hardware, professional and managed services. Its solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.
