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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
April 28, 1999
(Date of Report; Date of Earliest Event Reported)
Raytel Medical Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-27186 94-2787342
(Commission File Number) (IRS Employer Identification No.)
2755 Campus Drive, Suite 200, San Mateo, CA 94403
(address of principal executive offices) (Zip Code)
(650) 349-0800
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On April 27, 1999, Raytel Medical Corporation (the "Company") announced
the resignation of E. Payson ("Skip") Smith, Jr., who had served as the
Company's Chief Financial Officer. The resignation is effective immediately.
John F. Lawler, Jr., Vice President, Corporate Controller, has assumed the role
of Interim Chief Financial Officer. A copy of the press release announcing the
resignation of Mr. Smith and the appointment of Mr. Lawler is attached as
Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
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Exhibit No. Description
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99.1 Press Release dated April 27, 1999
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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.
RAYTEL MEDICAL CORPORATION
Dated: April 28, 1999 By: /s/ Richard F. Bader
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Richard F. Bader
Chairman and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release dated April 27, 1999
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APPROVED BY: Richard F. Bader
Chairman & CEO
CONTACTS: Richard F. Bader, Chairman & CEO
(650) 349-0800
Morgen-Walke Associates, Inc.
Todd Friedman, Jill Fatzinger
(415) 296-7383
RAYTEL MEDICAL CORPORATION ANNOUNCES RESIGNATION OF
CHIEF FINANCIAL OFFICER
SAN MATEO, CA/April 27, 1999 --- Raytel Medical Corporation (Nasdaq:RTEL)
announced today that its chief financial officer, E. Payson "Skip" Smith, has
resigned to take a similar position at QuadraMed Corporation. John F. Lawler,
Jr., Vice President, Corporate Controller, has assumed the role of Interim CFO.
"One of Raytel's operating strengths has always been our strong
financial controls and I am confident that John and his team will seamlessly
assume these responsibilities," said Richard F. Bader, Chairman and Chief
Executive Officer of Raytel. "We have begun the process of recruiting a new
Chief Financial Officer and are interviewing a number of highly qualified
candidates. I'm confident that our strong executive team will manage the
transition smoothly. I thank Skip for his years of service and wish him well."
ABOUT RAYTEL
Raytel (www.raytel.com), headquartered in San Mateo, California, provides a
variety of medical services focusing on the needs of patients with
cardiovascular disease. Raytel is developing a network of integrated heart
centers that are associated with existing hospitals and physician practices, and
is the leading provider of remote cardiac monitoring and testing services
utilizing transtelephonic technology in the United States. The company currently
monitors approximately 82,000 pacemaker patients nationwide and tests over
90,000 cardiac patients with symptoms that may be caused by irregular
heartbeats.
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