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
August 8, 1999
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Date of Report (Date of earliest event reported)
ST. JUDE MEDICAL, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 0-8672 41-1276891
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Lillehei Plaza, St. Paul, MN 55117
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(Address of principal executive offices) (Zip Code)
(651) 483-2000
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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
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ITEM 5. OTHER EVENTS
COURT RULING. On August 24, 1999 a federal district judge in Austin,
Texas issued a ruling with respect to the August 12, 1999 jury verdict against
St. Jude Medical, Inc. ("St. Jude") in a lawsuit brought by CMI, a heart valve
manufacturer. The judge reversed the $8 million punitive damage award against
St. Jude. In addition, the judge granted a motion by St. Jude and as a result
the damage award was reduced to $950,000 provided CMI accepted the reduced
award. CMI has accepted the reduced award. St. Jude presently intends to appeal
the final award.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ST. JUDE MEDICAL, INC.
Date August 8, 1999 By /s/ John C. Heinmiller
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John C. Heinmiller
Vice President - Finance
and Chief Financial Officer
