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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 17, 2005
ALIGN TECHNOLOGY, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-32259 94-3267295
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(Commission File Number) (IRS Employer Identification No.)
881 Martin Avenue, Santa Clara, California 95050
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(Address of Principal Executive Offices) (Zip Code)
(408) 470-1000
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(Registrant's Telephone Number, Including Area Code)
Not applicable
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(Former Name or Former 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):
[ ] 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))
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ITEM 1.01 Entry into a Material Definitive Agreement
On March 17, 2005, the Board of Directors of Align Technology, Inc.
("Align") approved an increase to the standard monthly retainer for the Chair of
the Compensation Committee from $2,000 per month to $3,000 per month. Each other
standard director fee described in Align's Form 8-K filed with the Securities
and Exchange Commission on February 16, 2005 remains unchanged.
ITEM 8.01 Other Events.
On March 22, 2005, Align announced that Robert D. Mitchell has resigned as
Vice President, Worldwide Sales to join MILLiMED Holdings, Inc. as President and
CEO, effective March 23, 2005. David Thrower, Align Vice President, Global
Marketing, will assume day-to-day responsibility and management of all sales
operations until a replacement for Mr. Mitchell has been named. The full text of
the press release is attached hereto as Exhibit 99.1.
ITEM 9.01. Financial Statements and Exhibits
(c) Exhibits.
Exhibit No. Description
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99.1 Press release dated March 22, 2005 for Align Technology, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: March 22, 2005 ALIGN TECHNOLOGY, INC.
By: /s/ Eldon M. Bullington
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Eldon M. Bullington
Vice President of Finance and
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release dated March 22, 2005 for Align Technology, Inc.
Exhibit 99.1
ALIGN TECHNOLOGY VP RESIGNS TO LEAD CARDIOVASCULAR COMPANY
SANTA CLARA, Calif., March 22 /PRNewswire-FirstCall/ -- Align Technology,
Inc. (Nasdaq: ALGN), the inventor of Invisalign(R), a proprietary method of
straightening teeth without wires and brackets, today announced that Robert D.
Mitchell has resigned as Vice President, Worldwide Sales to join MILLiMED
Holdings, Inc. as President and CEO, effective March 23, 2005.
Mr. Mitchell joined Align in July 2004. During his tenure, Align saw a 17
percent increase in the number of doctors using Invisalign worldwide. Regarding
his departure, Mr. Mitchell said, "This is a bittersweet transition. I'm excited
about returning to the cardiovascular industry and taking on the challenges of
an early stage company, but I have had a tremendously positive experience at
Align. I believe in Align's people, its customers, its technology and its
potential to impact millions of patients. This is a great company, and I look
forward to seeing continued growth and success at Align in the years ahead."
Mr. Mitchell served on the board of privately-owned MILLiMED prior to
accepting the position of CEO for the company. Based in Helsingborg, Sweden,
MILLiMED develops, manufactures and markets therapeutic devices for
neurovascular and cardiovascular applications.
"Bob has been a valuable asset to the Align team," said Align President and
Chief Executive Officer Thomas M. Prescott. "We are sorry to see him go, but
wish him all the best as he takes this important step forward in his career."
David Thrower, Align Vice President, Global Marketing, will assume
day-to-day responsibility and management of all sales operations until a
replacement for Mr. Mitchell has been named.
About Align Technology, Inc.
Align Technology designs, manufactures and markets Invisalign, a
proprietary method for treating malocclusion, or the misalignment of teeth.
Invisalign corrects malocclusion using a series of clear, nearly invisible,
removable appliances that gently move teeth to a desired final position. Because
it does not rely on the use of metal or ceramic brackets and wires, Invisalign
significantly reduces the aesthetic and other limitations associated with
braces. Invisalign is appropriate for treating adults and older teens. Align
Technology was founded in March 1997 and received FDA clearance to market
Invisalign in 1998.
To learn more about Invisalign or to find a certified Invisalign doctor in
your area, please visit www.invisalign.com or call 1-800-INVISIBLE.
Investor Relations Contact Press Contact
Barbara Domingo Shannon Mangum Henderson
Align Technology, Inc. Ethos Communication, Inc.
408-470-1204 678-417-1767
bdomingo@aligntech.com shannon@ethoscommunication.com
SOURCE Align Technology, Inc.
-0- 03/22/2005
/CONTACT: investors, Barbara Domingo of Align Technology, Inc.,
+1-408-470-1204, or bdomingo@aligntech.com; or media, Shannon Mangum Henderson
of Ethos Communication, Inc., +1-678-417-1767, or
shannon@ethoscommunication.com, for Align Technology, Inc./
/Web site: http://www.invisalign.com /