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
Date of Report (Date of earliest event reported) July 12, 2004
ALIGN TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-32259 94-3267295
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
881 Martin Avenue, Santa Clara, California 95050
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 470-1000
Not applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On July 12, 2004, Align Technology, Inc. ("Align") announced the
appointment of Robert D. Mitchell as Vice President of Worldwide Sales reporting
directly to Align's President and Chief Executive Officer, Thomas M. Prescott.
In the same release, Align announced that Jon Fjeld, VP of Engineering has left
the company. The full text of the press release is attached hereto as Exhibit
99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release, dated July 12, 2004 for Align Technology, Inc.
announcing the appointment of Robert D. Mitchell as Vice
President of Worldwide Sales.
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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: July 12, 2004 Align Technology, INC.
By: /s/ Eldon M. Bullington
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Eldon M. Bullington
Vice President of Finance and
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Press Release, dated July 12, 2004 for Align Technology, Inc.
announcing the appointment of Robert D. Mitchell Vice
President of Worldwide Sales.
Exhibit 99.1
Align Technology Names Robert D. Mitchell Vice President of Worldwide Sales
VP of Engineering Departs
SANTA CLARA, Calif., July 12 /PRNewswire-FirstCall/ -- Align Technology,
Inc. (Nasdaq: ALGN), the inventor of Invisalign(R), a proprietary method of
straightening teeth without wires and brackets, has named Robert D. Mitchell
as Vice President of Worldwide Sales, effective immediately. Mitchell will
report directly to Align President and Chief Executive Officer, Thomas M.
Prescott, and will be responsible for scaling Align's global sales
organization and building customer relationships around the world. Mitchell
brings more than sixteen years of global sales, marketing and business
experience to Align.
"Customers are Align's most important asset and customer satisfaction is
one of our keys to success," Prescott stated. "Bob has consistently shown the
leadership and skills necessary to build a world-class sales team focused on
the customer and capable of generating substantial revenue growth.
Additionally, Bob's experience in managing international sales expansion will
be valuable as we work towards increasing our presence outside North America.
I am pleased Bob has decided to join the Align team and I look forward to the
positive impact his leadership will have on the company and our customers as
we execute on our goals."
Prior to joining Align, Robert Mitchell spent 16 years at Bloomington,
IN-based Cook Incorporated, a leading designer, manufacturer and global
distributor of minimally invasive medical device technology for diagnostic and
therapeutic procedures. At Cook, Mitchell led a number of global businesses
and delivered substantial growth. He held a number of senior management
positions and spent several years working outside of the United States as a
Sales and Marketing Director. Most recently, Mitchell was the Vice President
and Director for Global Sales and Marketing - Radiology, Cardiology, Vascular
Surgery, Critical Care, Surgical.
Mitchell graduated with a BS from the University of Utah in Economics. He
is currently pursuing his Masters of Business Administration at Indiana
Wesleyan. Mitchell serves on the boards of NeoSci Medical, Inc., a private
company, and several medical society groups.
Jon Fjeld, Vice President of Engineering, has left the company. His
day-to-day responsibilities will be handled by the executive team until a
replacement 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 http://www.invisalign.com or call 1-800-INVISIBLE.
Forward Looking Statement
This news release contains forward-looking statements, which include
statements regarding the anticipated positive impact the management
appointment will have on Align, including the ability to create a world-class
sales team capable of generating revenue growth and statements regarding
Align's objectives and goals, including, its goal of increasing its presence
outside of North America. Forward-looking statements contained in this news
release relating to expectations about future events or results are based upon
information available to Align as of the date hereof. Readers are cautioned
that these forward-looking statements are only predictions and are subject to
risks, uncertainties and assumptions that are difficult to predict. As a
result, actual results may differ materially and adversely from those
expressed in any forward-looking statement. Factors that might cause such a
difference include, but are not limited to, risks relating to Align's history
of losses and negative operating cash flows, Align's ability to increase its
revenue significantly while controlling expenses, Align's ability to raise
additional capital as required, Align's limited operating history, customer
demand for Invisalign, acceptance of Invisalign by consumers and dental
professionals, competition from manufacturers of traditional braces, Align's
third party manufacturing processes and personnel, foreign operational,
political and other risks relating to Align's international manufacturing
operations, Align's ability to protect its intellectual property rights,
potential intellectual property or product liability claims or litigation, and
the potential volatility of the market price of Align's common stock. These
and other risks are detailed from time to time in Align's periodic reports
filed with the Securities and Exchange Commission, including, but not limited
to, its Annual Report on Form 10-K for the fiscal year ended December 31,
2003, which was filed with the Securities and Exchange Commission on March 9,
2004, and its Quarterly Reports on Form 10-Q. Align undertakes no obligation
to revise or update publicly any forward-looking statements for any reason.
Investor Relations Contact Press Contact
Barbara Domingo Shannon Henderson
Align Technology, Inc. Ethos Communications
(408) 470-1000 (678) 417-1767
investorinfo@aligntech.com shannon@ethoscommunication.com
SOURCE Align Technology, Inc.
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/CONTACT: Investor Relations: Barbara Domingo, Align Technology, Inc.,
+1-408-470-1000, investorinfo@aligntech.com; or Press: Shannon Henderson,
Ethos Communications, +1-678-417-1767, shannon@ethoscommunication.com, for
Align Technology, Inc./
/Web site: http://www.invisalign.com /
CO: Align Technology, Inc.
ST: California
IN: HEA MTC
SU: PER