Navigation Links
ResMed Inc. Announces Plan To Initiate Dividend And Update On Chief Executive Officer Succession
Date:5/17/2012

SAN DIEGO, May 17, 2012 /PRNewswire/ -- ResMed Inc. (NYSE: RMD) today announced plans to initiate a dividend beginning in fiscal year 2013.

(Logo: http://photos.prnewswire.com/prnh/20100203/RESMEDLOGO)

Subject to declaration by the board of directors, ResMed plans to initiate a quarterly dividend of $0.17 per share in the first quarter of its fiscal 2013, which begins on July 1, 2012.  ResMed plans to pay the dividend in US currency to holders of its common stock trading on the New York Stock Exchange (NYSE).  Holders of Chess Depositary Instruments (CDIs) trading on the Australian Stock Exchange will receive an equivalent amount in Australian currency, based on the exchange rate on the record date, and reflecting the 10:1 ratio between CDIs and NYSE shares. ResMed expects the dividend will be unfranked for Australian tax purposes.

"Over the past several years, we have used some of our cash to invest in our business through increased research and development, market development, acquisitions, and capital expenditures," said Peter C. Farrell, Ph.D., ResMed's chairman and chief executive officer. "We have also used some of our cash to repurchase shares.  We expect to continue all these activities in the future. Even with these investments, we have sufficient funds for strategic opportunities and to operate our business and therefore, we are initiating a dividend for our shareholders.  We are confident about our future and see exciting opportunities ahead."

Additionally, ResMed's board of directors has reaffirmed its current process for chief executive officer succession.  The board of directors has requested that Dr. Peter Farrell remain as chief executive officer until the end of calendar 2013, which he has agreed to do.  In the meantime, potential internal chief executive officer candidates will continue to be evaluated.  When the board decides that there are suitable internal candidates for the role, the board plans to compare and contrast those candidates with potential external candidates.  The process is expected to be completed by the end of 2013.

About ResMed
ResMed is a global leader in the development, manufacturing and marketing of medical products for the diagnosis, treatment and management of respiratory disorders, with a focus on sleep-disordered breathing. The Company is dedicated to developing innovative products to improve the lives of those who suffer from these conditions and to increasing awareness among patients and healthcare professionals of the potentially serious health consequences of untreated sleep-disordered breathing. For more information on ResMed, visit www.resmed.com.

Further information can be obtained by contacting Constance Bienfait at ResMed Inc., San Diego, at (858) 836-5971; Brett Sandercock at ResMed Limited, Sydney, on (+612) 8884-2090; or by visiting the Company's multilingual Website at www.resmed.com

Statements contained in this release that are not historical facts are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company's future revenue, earnings or expenses, new product development and new markets for the Company's products, are subject to risks and uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Those risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for its most recent fiscal year and in other reports the Company files with the U.S. Securities & Exchange Commission.  Those reports are available on the Company's Website.


'/>"/>
SOURCE ResMed Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Resmed Inc. to Present at Upcoming Conferences
2. ResMed Inc. Announces Record Financial Results For The Quarter Ended And Six Months Ended December 31, 2011
3. ResMed Announces Change to Outside US Dial-in Number for Conference Call and Webcast to Discuss Second Quarter 2012 Results
4. ResMed Announces Conference Call and Webcast to Discuss Second Quarter 2012 Results
5. ResMed Inc. Announces Financial Results for the Quarter Ended September 30, 2011
6. ResMed Announces Conference Call and Webcast to Discuss First Quarter 2012 Results
7. ResMed Inc. to Present at Upcoming Conferences
8. CareFusion and ResMed Announce Distribution Agreement for U.S. Hospital Market
9. ResMed Announces Conference Call and Webcast to Discuss Fourth Quarter and Fiscal Year End 2011 Results
10. ResMed Announces Acquisition of BiancaMed
11. ResMed Announces New iPhone App
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2019)... ... September 17, 2019 , ... ... sexual health, reproductive justice, contraception and consent with student and faculty from The ... health experts which included Francisco Ramirez, MPH; Elise Schuster, MPH; Raffaele M. Bernardo, ...
(Date:9/17/2019)... ... ... The Society to Improve Diagnosis in Medicine (SIDM) has been awarded a ... Seed Grant Program. The new program will engage healthcare organizations in efforts to identify, ... error. , SIDM will open the application process in January 2020 with decisions ...
(Date:9/14/2019)... ... September 13, 2019 , ... ... for employers, became the first commercial teledentistry practice in the United States. Now, ... other hub entrepreneurs, company leaders, innovators and industry experts next week at CIC ...
Breaking Medicine Technology:
(Date:9/17/2019)... ... September 17, 2019 , ... ... Warriors , with the goal of providing resources to assist researchers and encourage ... a progressive disease causing abnormal iron deposits in the brain. , BPAN ...
(Date:9/14/2019)... ... September 13, 2019 , ... ... on the detection and treatment of infectious diseases at its annual Congress ... were noninvasive detection of residual HIV infected cell persistence and the development ...
(Date:9/11/2019)... ... , ... Workplace injuries cost individuals, organisations and society. Safety ... lead to musculoskeletal disorders (MSDs). , Starting with the individual and spreading ... Soter Analytics helps avoid ergonomic injury by coaching workers to self-correct their ...
(Date:9/11/2019)... ... September 11, 2019 , ... GRM Information Management, a leading ... and Information Conference in Chicago, Illinois September 14 to 18. , AHIMA ... GRM’s healthcare information management solutions . , Built around their robust, cloud-based ...
(Date:9/11/2019)... Calif. (PRWEB) , ... September 11, 2019 , ... Ahipoki ... This plant-based poke bowl option appeals to vegans, vegetarians, pescatarians and poke bowl ... sauce, sugar, and sesame oil. With its meaty texture similar to tuna, ...
Breaking Medicine News(10 mins):