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: July 12, 2007
(Date of earliest event reported)
INTUITIVE SURGICAL, INC.
(exact name of registrant as specified in its charter)
| Delaware | 000-30713 | 77-0416458 | ||
| (State or other jurisdiction of incorporation or organization) |
Commission File Number | (I.R.S. Employer Identification No.) |
950 Kifer Road
Sunnyvale, California 94086
(Address of Principal executive offices, including zip code)
(408) 523-2100
(Registrant’s telephone number, including area code)
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)) |
| ITEM 5.02: | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(c) Appointment of Principal Officers
On July 12, 2007, Intuitive Surgical, Inc. (“Intuitive”) issued a press release announcing the promotion of Gary S. Guthart to President and Chief Operating Officer and Jerome J. McNamara to Executive Vice President, Worldwide Sales and Marketing, effective July 1, 2007.
| Item 9.01: | Financial Statements and Exhibits |
| Exhibit 99.1 | Press release dated July 12, 2007 |
SIGNATURES
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.
| INTUITIVE SURGICAL, INC. | ||||||
| Date: July 13, 2007 | By | /s/ Marshall L. Mohr | ||||
| Name: | Marshall L. Mohr | |||||
| Title: | Senior Vice President and Chief Financial Officer | |||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
INTUITIVE SURGICAL ANNOUNCES PROMOTIONS
SUNNYVALE, Calif., July 12, 2007 — Intuitive Surgical, Inc. (Nasdaq:ISRG), the leader in operative surgical robotics, today announced the promotion of Gary S. Guthart, Ph.D. to President and Chief Operating Officer and Jerome J. McNamara to Executive Vice President, Worldwide Sales and Marketing.
Gary Guthart joined Intuitive Surgical in April 1996 and was promoted to Vice President, Engineering in November 1999, and then to Senior Vice President, Operations in February 2002. In 2006, Gary was appointed Executive Vice President and Chief Operating Officer. Prior to joining Intuitive, Dr. Guthart was part of the core team developing foundation technology for computer-enhanced surgery at SRI International. Gary received a BS in Engineering from the University of California, Berkeley and MS and Ph.D. in Engineering Science from the California Institute of Technology.
Jerry McNamara joined Intuitive Surgical in April 1999 from Valleylab where he was Vice President of Marketing. He was promoted to Senior Vice President, Sales in April 2002. Prior to Valleylab, Jerry worked at United States Surgical Corporation for nearly 17 years where he held positions in senior sales management, marketing and national accounts. Jerry graduated from the University of Pennsylvania with a BA degree in Biology.
Commenting on the announcement, Lonnie Smith, Chairman and CEO of Intuitive Surgical, said, “Gary and Jerry are outstanding executives that have demonstrated the leadership qualities necessary to ensure the long-term performance and success of Intuitive Surgical.”
About Intuitive’s Products:
The da Vinci(r) Surgical System consists of a surgeon’s viewing and control console having an integrated, high-performance InSite(r) 3-D, HD vision system, a patient-side cart consisting of three or four robotic arms that position and precisely maneuver endoscopic instruments and an endoscope, and a variety of articulating EndoWrist(r) Instruments. By integrating computer-enhanced technology with surgeons’ technical skills, Intuitive believes that its system enables surgeons to perform better surgery in a manner never before experienced. The da Vinci(r) Surgical System seamlessly and directly translates the surgeon’s natural hand, wrist and finger movements on instrument controls at the surgeon’s console outside the patient’s body into corresponding micro-movements of the instrument tips positioned inside the patient through small puncture incisions, or ports.
The Aesop(r) Endoscope Positioner is a voice-activated robotic arm that automates the critical task of endoscope positioning, providing the surgeon with direct control over a smooth, precise and stable view of the internal surgical field.
The Hermes(r) Control Center is a centralized system designed to voice control a series of networked “smart” medical devices.
Intuitive Surgical, Inc