INVACARE CORPORATION (NYSE:IVC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INVACARE CORPORATION (NYSE:IVC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 18, 2017, the Board of Directors of Invacare Corporation (the “Company”) elected Barbara W. Bodem as a member of the Company’s Board of Directors on the unanimous recommendation of the Nominating and Governance Committee of the Board of Directors. Ms. Bodem has been elected to serve a term expiring at the Company’s 2018 Annual Meeting of Shareholders. Ms. Bodem has been appointed to the Audit and the Nominating and Governance Committees.

Ms. Bodem, age 49, has served as the Senior Vice President of Finance of Mallinckrodt plc (NYSE: MNK), a specialty pharmaceutical company, since October 2015. Prior to joining Mallinckrodt in 2015, Ms. Bodem served as Vice President, Global Commercial Finance from October 2013 to September 2015 for Hospira (NYSE: HSP), a global pharmaceutical and medical device company. From 1997 to 2013, Ms. Bodem served in a variety of financial roles both in the US and in the UK for Eli Lilly and Company (NYSE: LLY), a global pharmaceutical company. Her most recent role at Eli Lilly was as CFO for the Lilly Oncology business.

There is no arrangement or understanding between Ms. Bodem and any other person to which Ms. Bodem was elected as a director of the Company. Ms. Bodem has not entered into any related party transactions with the Company that are required to be disclosed to Item 404(a) of Regulation S-K.

As a director, Ms. Bodem will participate in the Company’s current program for the compensation of non-employee directors, which is described under the caption “Compensation of Directors” in the Company’s Definitive Proxy Statement on Schedule 14A filed with Securities and Exchange Commission on April 7, 2017. In accordance with the director compensation program, on August 18, 2017, Ms. Bodem received a grant of 5,020 restricted stock units under the Company’s 2013 Equity Compensation Plan.

On August 21, 2017, the Company issued a press release announcing the election of Ms. Bodem to the Board of Directors, which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Description of Exhibit

99.1

Press Release, dated August 21, 2017.


INVACARE CORP Exhibit
EX-99.1 2 aug2017release.htm EXHIBIT 99.1 Exhibit   Exhibit 99.1   NEWS RELEASECONTACT:Lara Mahoney  440-329-6393INVACARE CORPORATION APPOINTS BARBARA BODEM TO BOARD OF DIRECTORSELYRIA,…
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About INVACARE CORPORATION (NYSE:IVC)

Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific. The Company manufactures and distributes three product categories: mobility and seating, lifestyle and respiratory therapy. It provides medical device solutions for congenital (cerebral palsy, muscular dystrophy and spina bifida), acquired (stroke, spinal cord injury, traumatic brain injury, post-acute recovery and pressure ulcers) and degenerative (amyotrophic lateral sclerosis, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly and bariatric) ailments. The Company sells its products to home medical equipment providers with retail and e-commerce channels, residential living operators, distributors and government health services.

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